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Viaz Tyres IPO Details
It was founded in 2018 as Viaz Tubes Private Limited by Mr Keval Manuprasad Bhatt and Mr Vaibhav Girish Kanakia. The company is engaged in manufacturing rubber tubes for bicycles, two and three wheelers, passenger vehicles and heavy load industrial vehicles. We also deal in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil and Grease on white labelling bases.
The company operates a production facility at Nandasan, Gujarat, India, with an installed capacity of 7,00,000 tubes per month.
It has 15 domestic distributors for rubber tubes across India as well as 7 international distributors for sale of rubber tubes and tyres.
The company distribution network is spread across 19 states in India, namely, Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nādu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal. And the company also has presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia.
The company started trading Tyres through an exclusive distributorship of Maxxis Rubbers Private Limited tyres for Turkey in the financial year 2022-23.
Objects of the Offer
- Repayment or Prepayment or part repayment of Loan
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 16 February 2023 |
| IPO Close Date | 21 February 2023 |
| IPO Issue Size | 3,226,000 equity shares of ₹10 (Aggregating up to ₹20.00 Cr) |
| Fresh Issue | 3,226,000 equity shares of ₹10 (Aggregating up to ₹20.00 Cr) |
| Offer for Sale | NIL |
| Retail Portion | 50 % |
| NII (HNI) Portion | 50 % |
| Listing At | NSE SME |
| IPO Price | |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 per equity share |
| Employee Discount | — |
| IPO Issue Type | Fixed Price Issue |
| IPO Market Lot For Retail Investors | |
| No. of Shares Per Lot | 2000 equity shares |
| Minimum Lot Size | 1 Lot of 2000 equity shares |
| Maximum Lot Size | 1 Lot of 2000 equity shares |
| Minimum Amount | ₹124,000 |
| Maximum Amount | ₹124,000 |
| IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 equity shares |
| Minimum Lot Size | 2 lots of 4000 equity shares |
| Minimum Amount | ₹248,000 |
IPO Date, Listing Date, Allotment Date
| Time Table (Tentative) | |
| IPO Open Date | 16 February 2023 |
| IPO Close Date | 21 February 2023 |
| Basis of Allotment Date | 24 February 2023 |
| Initiation of Refunds | 27 February 2023 |
| Credit of Share to Demat Account | 28 February 2023 |
| IPO Listing Date | 1 March 2023 |
Financial Report
| Period Ended | Total Assets (₹ in Lakhs) | Total Revenue (₹ in Lakhs) | Profit After Tax (₹ in Lakhs) | EPS (₹) |
| 30th Sep 2022 (6 months) | 3,405.87 | 2,379.10 | 152.72 | 1.72 |
| 31st March 2022 | 2,898.38 | 2,933.04 | 146.91 | 1.72 |
| 31st March 2021 | 2,713.32 | 2,917.26 | 60.64 | 0.71 |
| 31st March 2020 | 2,429.97 | 1,994.37 | 14.51 | 0.18 |
Company Promotor & Promotor’s Holding
Mr. Rajeshkumar Prabhudasbhai Patel, Mr. Janakkumar Mahendrabhai Patel, Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel, Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar Patel are the founder’s of Viaz Tyres limited.
| Pre Issue Promotor Holding | 99.2% |
| Post Issue Promotor Holding | 73.07% |
Company Address
Registered Office: 915/916, Maple Trade, Near Surdhara Circle, SAL Hospital Road, Thaltej, Ahmedabad, Gujarat, India – 380 059.
- Phone: 079 – 4601 6174
- Email: cs@viaztyres.com
- Website: www.viaztyres.com
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
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| IPO Registrar |
| IPO Lead Manager |
IPO Review (Apply or Avoid)
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