The Viaz Tyres date has been confirmed from February 16 and ended on February 21. Read the post to learn about Viaz Tyres IPO GMP.
Viaz Tyres IPO price is ₹62 per share. The minimum lot size for an application is 2000 shares. Retail investors are needed to invest a minimum of ₹124,000. The minimum investment for HNI is 2 lots (4,000 shares) worth ₹248,000.
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Key Details Of Viaz Tyres IPO:
Bidding Dates
February 16 – 21
Price Range
₹62 per share
Face Value
₹10 per share
GMP
₹2
Viaz Tyres GMP
The Viaz Tyres IPO GMP Today is ₹2.
Viaz Tyres IPO Overview
The IPO price for Viaz Tyres stands at ₹62 per share. Retail investors are required to apply for a minimum lot size of 2000 shares, which translates to a minimum investment of ₹124,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 4,000 shares, with a total amount of ₹248,000.
The company manufactures tire tubes for bicycles, motorcycles, cars, and heavy-duty industrial vehicles. Additionally, it offers Off The Road Tire Tubes and Animal Drawn Vehicles Tire Tubes, as well as engine oil and grease through contractual agreements.
Viaz Tyres IPO Date & Price Band Details
| IPO Date | February 16, 2023 to February 21, 2023 |
| Listing Date | March 1, 2023 |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Fresh Issue | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 162,000 shares |
Viaz Tyres IPO Market Lot
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Viaz Tyres IPO 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 |
Company Profile
Viaz Tyres Limited, an Ahmedabad-based company, was established in 2018. The company specializes in the production of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. Additionally, they offer ancillary products such as Off The Road (OTR) Tyre tubes, Animal Driven Vehicle (ADV) Tubes, Engine Oil, and Grease under their white labeling program. The company markets its rubber tubes, bicycle tires, and ancillary products both domestically and internationally under the brand name “Viaz”. Their production facility, located in Nandasan near Ahmedabad, Gujarat, India, has a monthly manufacturing capacity of 700,000 tubes. Viaz Tyres Limited has a network of 15 domestic distributors across
India for their rubber tubes. Furthermore, they have established a presence in five countries, including the United States of America, Turkey, Romania, United Arab Emirates, and Colombia. Recently, the company expanded its offerings by entering into an exclusive distributorship agreement with Maxxis Rubbers Private Limited for the trading of tires in Turkey.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Viaz Tyres Limited |
| Phone number | 079-46016174 |
| Email ID | [email protected] |
| Website | https://www.viaztyres.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Viaz Tyres IPO FAQs
When Viaz Tyres IPO will open?
The Viaz Tyres IPO opens on February 16, 2023 and closes on February 21, 2023.
What is the lot size of Viaz Tyres IPO?
Viaz Tyres IPO lot size is 2000 Shares, and the minimum amount required is ₹124,000.
When is Viaz Tyres IPO allotment?
The completion of the Basis of Allotment for Viaz Tyres IPO is scheduled for Friday, February 24, 2023. Subsequently, the allocated shares will be deposited into your demat account by Tuesday, February 28, 2023.
When is Viaz Tyres IPO listing date?
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