Viaz Tyres was founded in 2018 as Viaz Tubes Pvt. Ltd. The company’s name was changed to Viaz tyres Pvt. Ltd. in May 2022. They have a nationwide network of fifteen domestic distributors and export to five international markets.
The company makes tyre tubes for bicycles, two-wheelers, passenger vehicles, and heavy-duty industrial vehicles. It also produces Off The Road Tyre Tubes and Animal Drawn Vehicles Tyre Tubes, engine oil, and grease on a contract basis.
Viaz Tyres IPO Objective
The company proposes to utilize 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 |
| Current ratio | 2.02 | 1.67 | 1.54 |
| Net increase/(decrease) in cash and cash equivalents | ₹ 2.95 lakhs | ₹ (9.76) lakhs | ₹ 7.06 lakhs |
Strengths
- An extensive product portfolio has helped Viaz acquire a wide base of customers in India and abroad.
- They have a network of fifteen domestic and seven international distributors and have formed strong, long-standing relationships with them.
- Robust and capable leadership has helped Viaz 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 labor-intensive industry, which makes it prone to labor issues.
- There is a continuous threat from unorganized small players in the market.
Viaz Tyres IPO FAQs:
Q1. What is the Viaz Tyres IPO?
Ans. Viaz Tyres SME IPO opens on February 16, 2023. The total IPO size is ₹20 crore. It is a fixed-priced IPO with shares available at ₹62 per equity share.
Q2. When will the Viaz Tyres IPO allotment be available?
Ans. The IPO shares of Viaz Tyres will be allotted on February 24, 2023.
Q3. What will be the Viaz Tyres IPO lot size?
Ans. One lot of Viaz Tyres’ IPO has 2000 shares.
Q4. When will the Viaz Tyres IPO be open for subscription?
Ans. The IPO will open on February 16, 2023.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q7. When will Viaz Tyres list exchanges?
Ans. The shares will list on the NSE exchange on March 1, 2023.
Q8. What would be the listing gains on the Viaz Tyres IPO?
Ans. 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-term vs. long-term outlooks.
Q9. I have finished the application process for the Viaz Tyres IPO, but the funds are not yet debited. What is the reason?
Ans. 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.
Q10. How do I approve the UPI mandate request for the Viaz Tyres IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q11. Can I submit more than one application for the public issue of Viaz Tyres using one PAN?
Ans. You can submit only one application using one PAN card.
Q12. What is the minimum order quantity for the Viaz Tyres IPO?
Ans. The minimum size of the application will be one lot of 20,600 shares.
