Viaz Tyres Limited IPO Message Board (Page 3)

Applying coz:
1. Apply rating by Davda sahab
2. reasonable subscription till now, might cross 10 till close, chances of allotment in Macfos-negligible
3. PE of around 20 at par with market standards. Woud not say very attractive.
4. Showing positive GMP, which keeps on varying at different times.
5. LM is Beeline which is one of best in business.

May list at discount...better to avoid

Promoter Quality is good as per sources.

Check my msg and check listing gain.. supper hit dark horse

I am going to apply some retail applns. As may apply review given by davda sb.

S2: 8K Last heard...

I am not applying. Just shared for those who are thinking to apply so that they can evaluate Risk/Reward accordingly.

I have avoided the issue

Downside protected lag rha hai iss issue me.. beeline hai to trust hai...

11k s2 working going on

clear avoid

Sir aap isko grey me bech ke bhar shakte hai
M I right or wrong
Just like me

@admin
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@chintanparikh Sir,
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Few Negatives.

1) Debtors keeps on rising every year.
2) Thay have short of Cash.
3) Co. is borrowing every year, may be due to short of cash.

Last year Interest cost is 1.23 crores.

Debtors status on 30.09.22 is more than 50% of sales of 6 months.

But as per delip dawda sir review, thier sale is on 60 days credit.

So debtors shouldn't be significant more than 2 months sale.

Proportionality 2 month sale will be around 8 cr.
but debtor is more than 12 cr.

so their is question on difference of more than 4 cr debtors figure.

Gaurav DD dimer
Thanks for providing very useful information.

Some shocking information came to know from one video by business remedies -
1. One whole time director of company have experience of only 2 years in rubber industry while company incorporated in 2018(5 yrs back)
2. Promoter of company have experience of 4 yrs in rubber industry while company is 5 yrs old.
Previous to this mostly all directors have experience in food industry..
Without experience they have floated company and doing business and whole time director and promoter have joint business after incorporation of company.
Food industry rubber industry..wow

Looking very expensive. Asking market cap of 75cr against a profit of mere 1cr. Profit margin is also very thin although distribution channel looks strong but that not enough to pour money over it when most of good SME struggle to perform. That sector is mostly under control of big fishes leaving no room for small players. I will avoid it.

Thanks noorul for given valuable info.

@Noorul
Sir, you have very nicely analysed the situation where good SMEs are struggling. Will not take unnecessary risk by applying here. Thanks 🙏

Will think of buying in secondary market after listing, ..maybe at discount

Gujarat based company. Looks like impeccable promoter pedigree (No legal cases, even no tax disputes. very rare now a days).

Existing promoters took over from 2020 and had a decent growth since than. capacity utilization is being ramped up. have set up decent distribution and dealer network.

Main concerns are about ~ 10% sales from Turkey which will get impacted at least for 6-12 months. Sourcing raw material from Russia.

I would be tempted to apply if valuation could be decent. At 27 p/e its aggressively priced. even considering reduction in int cost benefits due to repayments from IPO funds, p/e is still 21-22.

I will mostly avoid however will keep an eye on sub. and may apply for 1 lot on last day.

As per my source, company market ko dekh kr retail public se subscribe krwane ke chakar mai tha, koi fixed investor nhi hai isme..
Lekin ab subscription nhi ho rha to halat tight hai management ki...aisi company mai ipo Mai nhi laga kr listing ke bad dekhna chaiye like rhetan tmt

Suniye bhaiya. Agar paisa banana hai Toh long term socho. 2-5% kamane me mujhe koi shauk nahi hai. Have a vision to get 5-10 X. Aur aap source ki baat kar rahe hai. Company agar acchi hai toh no price is too high. Aur sir aap bahot mahan lagte hai Mujeh toh plz Screener pe dekhiye. Sirf 1126 company hai india me jiska consistent operating margin 15% ke uper hai. Astral pipe Ka ipo aaya tha 2008 me kisi ne nahi bhara tha. One time me halat kharab ho gayi thi. Aaj 42000 crore ka market cap hai. Sab ne Rpower me bhara tha. Sabka power nikla gaya. Still telling not hurting personally. But look at company yaar. What a fanstastic company.

Thank SME info

I will try to buy it from secondary market for long term view , will skip ipo
Thank you for sharing your idea🤠

I applied for Viaz tyres
Because this company is looking to expand its production facilities and are looking towards growth where as Robu (mcfose) the promoters are going to liquidate the funds coming from the liquidation of shares and are going to distribute it among the existing share holders. As per the details mentioned in the RHP of the company.

@jjgg
🤣🤣🤣

Kahi Aisa na ho jaye ki in logo ki publicity ke chakkar me hum achhe IPO se dur ho jaye !!

Fundamentals toh theek h. Bus GMP confidence nai de raha.

Curently seller at 1 premium

I will avoid this IPO...

I will not apply this IPO, finds Valuation discomfort and Other Opportunity in Market.

Viaz Avoiding
GMP 4

@SME Info

I don't want to fight
You won, i am doing viaz marketing.

Anything else you want from my side?

First of all, I replied for the Arjun’s reply about discomfort with valuation. Let me talk straight, in Sme years back there’s a company got listed Dolfin Rubber. The company has a history of Operating margin in the range of 5-7% and currently company trades at a price earning of 44. The IPO was at Rs 16 and now trades around Rs 125 which is clear cut 8X. Now let’s look at VIAZ tyre which has history of operating margin which is 11-13 % available at PE of 25. This industry is highly skewed towards organised player. Hardly 11 players are listed. I strongly believe there’s a PE relating as well as great comfort towards operating margin. I feel this company will be 4-5X. Since they are using funds for growth not OFS like other company. What bad I said to Arjun. If your discomfort explain in detail. Sirf mujhe discomfort likhne se kaam nahi hota bhaiya. I don’t believe Maine kuch halat kaha. Hai taqat toh likho acche se. I love VIAZ