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Viaz Tyres IPO is a fixed price issue of Rs 20.00 crores. The issue is entirely a fresh issue of 32.26 lakh shares.
Viaz Tyres IPO bidding started from February 16, 2023 and ended on February 21, 2023. The allotment for Viaz Tyres IPO was finalized on Friday, February 24, 2023. The shares got listed on NSE SME on March 1, 2023.
Viaz Tyres IPO price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Viaz Tyres IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Viaz Tyres IPO is Sunflower Broking.
Refer to Viaz Tyres IPO RHP for detailed information.
| IPO Date | February 16, 2023 to February 21, 2023 |
| Listing Date | March 1, 2023 |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Fresh Issue | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,025,000 |
| Share holding post issue | 12,251,000 |
| Market Maker portion | 162,000 shares Sunflower Broking |
Viaz Tyres IPO offers 3,226,000 shares. 1,532,000 (47.49%) to NII, 1,532,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 162,000 (5.02%) |
| Other Shares Offered | 1,532,000 (47.49%) |
| Retail Shares Offered | 1,532,000 (47.49%) |
| Total Shares Offered | 3,226,000 (100%) |
Viaz Tyres IPO opens on February 16, 2023, and closes on February 21, 2023.
| IPO Open Date | Thursday, February 16, 2023 |
| IPO Close Date | Tuesday, February 21, 2023 |
| Basis of Allotment | Friday, February 24, 2023 |
| Initiation of Refunds | Monday, February 27, 2023 |
| Credit of Shares to Demat | Tuesday, February 28, 2023 |
| Listing Date | Wednesday, March 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 21, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 99.2% |
| Share Holding Post Issue | 73.07% |
Incorporated in 2018, Viaz Tyres Limited is Ahmedabad-based company engaged in the manufacturing of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. The company also deals in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil, and Grease on white labeling bases.
Company sells rubber tubes, bicycle tires, and ancillary products under the brand name "Viaz" in domestic as well as international markets.
The company has its production facility with installed capacity of manufacturing 7,00,000 Tube per Month at Nandasan near Ahmedabad, Gujarat India. It has 15 domestic distributors for rubber tubes across India. Company also has presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia.
Company recently started trading Tyres through an exclusive distributorship of Maxxis Rubbers Private Limited tires for Turkey.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2,429.97 | 1,994.37 | 14.51 | 432.93 | 1,895.94 |
| 31-Mar-21 | 2,713.32 | 2,917.26 | 60.64 | 493.56 | 2,047.89 |
| 31-Mar-22 | 2,898.38 | 2,933.04 | 146.91 | 640.47 | 1,996.09 |
| 30-Sep-22 | 3,405.87 | 2,379.10 | 152.72 | 1,098.19 | 2,003.36 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Viaz Tyres IPO is Rs 75.96 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 24.9 |
[Dilip Davda] The company is one of the top five tyre tube manufacturers and has witnessed a rise in its market share. Repayment of loans will boost its profits with savings in interest costs. Trading activities are a boosting tool for their marketing plans. Management is confident of posting growth in its top and bottom lines in the coming years. Well-informed investors may consider investment for a long-term reward. Read detail review...
The Viaz Tyres IPO is subscribed 5.79 times on February 21, 2023 7:00:00 PM. The public issue subscribed 6.25 times in the retail category, times in the QIB category, and 5.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.33 |
| Retail | 6.25 |
| Total | 5.79 |
| Listing Date | March 1, 2023 |
| BSE Script Code | |
| NSE Symbol | VIAZ |
| ISIN | INE0MO401019 |
| Final Issue Price | ₹62 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹62.00 |
| ₹68.00 |
| ₹68.00 |
| ₹71.40 |
| ₹68.05 |
Viaz Tyres Limited
915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital Road,
Thaltej, Ahmedabad, 380059
Phone: 079-46016174
Email: cs@viaztyres.com
Website: https://www.viaztyres.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Viaz Tyres IPO is a SME IPO of 3,226,000 equity shares of the face value of ₹10 aggregating up to ₹20.00 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000 Shares.
The IPO opens on February 16, 2023, and closes on February 21, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Viaz Tyres IPO using UPI as a payment gateway. Zerodha customers can apply in Viaz Tyres IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Viaz Tyres IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Viaz Tyres IPO opens on February 16, 2023 and closes on February 21, 2023.
Viaz Tyres IPO lot size is 2000 Shares, and the minimum amount required is ₹124,000.
You can apply in Viaz Tyres IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Viaz Tyres IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Viaz Tyres IPO allotment status.
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