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Viaz Tyres IPO

Small CapTyresSME
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IPO Details

Bidding Dates

16 Feb '23 - 21 Feb '23

Minimum Investment

₹124,000 / 1 Lots ( 2000 Shares )

Price Range

₹62

Maximum Investment

₹248,000 / 2 Lots ( 4000 Shares )

Retail Discount

To be announced

Issue Size

₹20.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

Viaz Tyres IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Feb 16, 23

IPO Close Date

Feb 21, 23

IPO Allotment Date

Feb 24, 23

Initiation of Refunds

Feb 27, 23

Credit of Shares to Demat Account

Feb 28, 23

Listing Date

Mar 1, 23

Viaz Tyres IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 16 2023

0.100.600.35

Day 2Feb 17 2023

0.321.240.78

Day 3Feb 20 2023

1.632.301.96

Day 4Feb 21 2023

5.326.215.77

About Company

Viaz Tyres started operating in 2018 as Viaz Tubes Pvt. Ltd. In May 2022, the name of the company was changed to Viaz tyres Pvt. Ltd. 

The company engages in the manufacturing of tyre tubes for bicycles, two-wheelers, passenger vehicles, and heavy-duty industrial vehicles. As an ancillary product, it manufactures Off The Road Tyre tubes and Animal Drawn Vehicles tyre tubes, engine oil and grease on a while labelling basis.

They have a countrywide network of fifteen domestic distributors and also export their products to five international destinations.

Viaz Tyres IPO Objective

The company proposes to utilise the funds from the fresh issue IPO on the following heads.

  • Repayment and prepayment of certain borrowings 
  • To meet working capital requirements 
  • Cover the public issue expenses 
  • General corporate purposes 

Why should you invest in the Viaz Tyres IPO?

Here are your top reasons to invest in the IPO. 

  • They are one of the top five tyre tube manufacturers. 
  • Repayment of loans will boost the company’s revenue and ensure more funds to boost the company’s marketing activities.

Viaz Tyres Company Financials

ParametersYear ending on 30th Sept, 2022Year ending on As on 31st March, 2022
Total revenue₹ 23.79 cr₹ 29.33 cr
Profit After Tax₹ 1.52 cr₹ 1.46 cr
Current Assets₹ 26.54 cr₹ 20.78 cr
Current Liabilities₹ 13.16 cr₹ 12.45 cr
Current ratio2.021.67
Net increase/(decrease) in cash and cash equivalents₹ 2.95 lakhs₹ (9.76) lakhs

Know before investing

Strengths

3

  1. An extensive product portfolio has helped Viaz to acquire a wide base of customers in India and abroad.

  2. They have a network of fifteen domestic and seven international distributors and formed strong, long-standing relationships with them.

  3. Robust and capable leadership has helped Viaz to gain a competitive edge.

Risks

3

  1. The company lacks brand awareness and may lose to large competition due to a lack of brand visibility.

  2. They operate in a labour-intensive industry, which makes it prone to labour issues.

  3. There is a continuous threat from unorganised small players in the market space.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Viaz Tyres IPO FAQs

Viaz Tyres SME IPO opens on February 16, 2023. The total IPO size is ₹20 crore. It is a fixed price issue IPO with shares available at ₹62 per equity share. 
The IPO shares of Viaz Tyres will be allotted on February 24, 2023.
One lot of Viaz Tyres’ IPO has 2000 shares.
The IPO will open on February 16, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the NSE exchange on March 1, 2023.
Angel One customers can log in to their accounts to check Viaz Tyres IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO's opening and offer prices. The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 20600 shares.
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