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 Date16 February 2023
IPO Close Date21 February 2023
IPO Issue Size3,226,000 equity shares of ₹10
(Aggregating up to ₹20.00 Cr)
Fresh Issue3,226,000 equity shares of ₹10
(Aggregating up to ₹20.00 Cr)
Offer for SaleNIL
Retail Portion50 %
NII (HNI) Portion50 %
Listing AtNSE SME
IPO Price
Face Value₹10 per equity share
IPO Price₹62 per equity share
Employee Discount
IPO Issue TypeFixed Price Issue
IPO Market Lot For Retail Investors
No. of Shares Per Lot2000 equity shares
Minimum Lot Size1 Lot of 2000 equity shares
Maximum Lot Size1 Lot of 2000 equity shares
Minimum Amount₹124,000
Maximum Amount₹124,000
IPO Market Lot For HNI
No. of Shares Per Lot2000 equity shares
Minimum Lot Size2 lots of 4000 equity shares
Minimum Amount₹248,000

IPO Date, Listing Date, Allotment Date

Time Table (Tentative)
IPO Open Date16 February 2023
IPO Close Date21 February 2023
Basis of Allotment Date24 February 2023
Initiation of Refunds27 February 2023
Credit of Share to Demat Account28 February 2023
IPO Listing Date1 March 2023

Financial Report

Period EndedTotal Assets
(₹ in Lakhs)
Total Revenue
(₹ in Lakhs)
Profit After Tax
(₹ in Lakhs)
30th Sep 2022
(6 months)
31st March 20222,898.382,933.04146.911.72
31st March 20212,713.322,917.2660.640.71
31st March 20202,429.971,994.3714.510.18

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 Holding99.2%
Post Issue Promotor Holding73.07%

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:
  • Website:

IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
  • Viaz Tyres IPO’s DRHP
  • Viaz Tyres IPO’s RHP
IPO Registrar
IPO Lead Manager

IPO Review (Apply or Avoid)

Brokerage Firms Review Review


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