Viaz Tyres Limited
NSE SME₹124,000 / 2000 Shares
Viaz Tyres Limited IPO Details
The Viaz Tyres Limited IPO price band is set between ₹62 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 16 Feb, 2023 and closes on 21 Feb, 2023. Investors can check the allotment status on 24 Feb, 2023, while the listing date is tentatively scheduled for 1 Mar, 2023.
The total issue size is 3,226,000 shares of ₹10 , aggregating up to ₹20.00 Cr. Stay tuned for the latest Viaz Tyres Limited IPO review and GMP updates.
Viaz Tyres Limited IPO Review, Rating & Analysis
Viaz Tyres Limited IPO Review
NO REVIEWViaz Tyres Limited IPO Rating
Viaz Tyres Limited IPO Highlights
IPO Date
Feb 16, 2023 - Feb 21, 2023
Listing Date
1 Mar, 2023
Face Value
₹10 Per Equity Share
Price Band
₹62 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Viaz Tyres Limited IPO Lot Size
The minimum market lot for Viaz Tyres Limited IPO is 2000 shares with an application amount of ₹1,24,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,24,000 |
| Retail (Max) | 1 | 2000 | ₹1,24,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,48,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 18000 | ₹11,16,000 |
Viaz Tyres Limited IPO Timeline
Issue Price
₹62 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdLead Manager
Beeline Capital Advisors Pvt LtdIssue Size
3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr)Viaz Tyres Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 22 | 3405.87 | 2379.1 | 152.72 | - | - | - |
| 31 Mar 22 | 2898.38 | 2933.04 | 146.91 | - | - | - |
| 31 Mar 21 | 2713.32 | 2917.26 | 60.64 | - | - | - |
| 31 Mar 20 | 2429.97 | 1994.37 | 14.51 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Janakkumar Mahendrakumar Patel
- Mr. Rajeshkumar Prabhudasbhai Patel
- Mr. Parichaykumar Maganbhai Patel
- Mrs. Himaben Janakkumar Patel
- Mrs. Nirmaben Rajeshkumar Patel
- Mrs. Kenaben Parichaykumar Patel
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.2% | 73.07% |
About Company
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.
Viaz Tyres Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,532,000 | 1,532,000 | 3,064,000 |
Day 1 -16-02-23 06:00 PM | 0.10 x | 0.60 x | 0.35 x |
Day 2 -17-02-23 06:00 PM | 0.32 x | 1.24 x | 0.78 x |
Day 3 -20-02-23 06:00 PM | 1.63 x | 2.30 x | 1.96 x |
Day 4 -21-02-23 06:00 PM | 5.32 x | 6.21 x | 5.77 x |
Frequently Asked Questions about Viaz Tyres Limited IPO
When will Viaz Tyres Limited IPO open for subscription?
The Viaz Tyres Limited IPO opens on 16 Feb, 2023 and closes on 21 Feb, 2023.
What is the investors portion for Viaz Tyres Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1532000.
How to apply for Viaz Tyres Limited IPO?
You can apply for Viaz Tyres Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Viaz Tyres Limited IPO?
The issue size of Viaz Tyres Limited IPO is approx ₹3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr) crores.
What is the price band of Viaz Tyres Limited IPO?
The price band for Viaz Tyres Limited IPO is ₹62 per equity share to ₹undefined.
What is the lot size of Viaz Tyres Limited IPO?
The minimum bid (lot size) for Viaz Tyres Limited IPO is N/A shares with an investment of approx ₹124,000 .
What is the allotment date of Viaz Tyres Limited IPO?
The allotment date for Viaz Tyres Limited IPO is 24 Feb, 2023.
What is the listing date of Viaz Tyres Limited IPO?
The listing date for Viaz Tyres Limited IPO is expected to be 1 Mar, 2023.
What is the GMP of Viaz Tyres Limited IPO?
The latest Grey Market Premium (GMP) for Viaz Tyres Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.