Viaz Tyres IPO

Small CapTyresSME

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

Date	NII	Retail	Total
Day 1Feb 16 2023	0.10	0.60	0.35
Day 2Feb 17 2023	0.32	1.24	0.78
Day 3Feb 20 2023	1.63	2.30	1.96
Day 4Feb 21 2023	5.32	6.21	5.77

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

Parameters	Year ending on 30th Sept, 2022	Year 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 ratio	2.02	1.67
Net increase/(decrease) in cash and cash equivalents	₹ 2.95 lakhs	₹ (9.76) lakhs

Know before investing

Strengths

An extensive product portfolio has helped Viaz to acquire a wide base of customers in India and abroad.
They have a network of fifteen domestic and seven international distributors and formed strong, long-standing relationships with them.
Robust and capable leadership has helped Viaz to gain a competitive edge.

Risks

The company lacks brand awareness and may lose to large competition due to a lack of brand visibility.
They operate in a labour-intensive industry, which makes it prone to labour issues.
There is a continuous threat from unorganised small players in the market space.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Viaz Tyres IPO FAQs

What is the Viaz Tyres IPO?

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.

When will Viaz Tyres IPO allotment be available?

The IPO shares of Viaz Tyres will be allotted on February 24, 2023.

What will be the Viaz Tyres IPO lot size?

One lot of Viaz Tyres’ IPO has 2000 shares.

When will Viaz Tyres IPO open for subscription?

The IPO will open on February 16, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Viaz Tyres list on exchanges?

The shares will list on the NSE exchange on March 1, 2023.

How to check the allotment status of Viaz Tyres IPO?

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.

What would be the listing gains on the Viaz Tyres IPO?

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.

I have finished the application process for Viaz Tyres IPO, but the funds are not yet debited. What is the reason?

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.