16 Feb '23 - 21 Feb '23
₹124,000 / 1 Lots ( 2000 Shares )
₹248,000 / 2 Lots ( 4000 Shares )
To be announced
Investor category and sub categoryQualified 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, 2023
IPO Close Date
Feb 21, 2023
IPO Allotment Date
Feb 24, 2023
Initiation of Refunds
Feb 27, 2023
Credit of Shares to Demat Account
Feb 28, 2023
Mar 1, 2023
Viaz Tyres IPO Subscription Details
Day 1Feb 16, 2023
Day 2Feb 17, 2023
Day 3Feb 20, 2023
Day 4Feb 21, 2023
Viaz Tyres IPO Subscription Status
|Investor Category||Subscription (Times)|
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||Year ending on 31st March, 2021|
|Total revenue||₹ 23.79 cr||₹ 29.33 cr||₹ 29.17 cr|
|Profit After Tax||₹ 1.52 cr||₹ 1.46 cr||₹ 0.6 cr|
|Current Assets||₹ 26.54 cr||₹ 20.78 cr||₹ 18.6 cr|
|Current Liabilities||₹ 13.16 cr||₹ 12.45 cr||₹ 12.04 cr|
|Net increase/(decrease) in cash and cash equivalents||₹ 2.95 lakhs||₹ (9.76) lakhs||₹ 7.06 lakhs|
Know before investing
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.
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.
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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.
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You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 20600 shares.