IPO Details
Bidding Dates
15 Feb '23 - 20 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 15, 2023
IPO Close Date
Feb 20, 2023
IPO Allotment Date
Feb 23, 2023
Initiation of Refunds
Feb 26, 2023
Credit of Shares to Demat Account
Feb 27, 2023
Listing Date
Feb 28, 2023
Viaz Tyres IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Feb 15, 2023 |
0.10 | 0.60 | 0.35 |
Day 2Feb 16, 2023 |
0.32 | 1.24 | 0.78 |
Day 3Feb 19, 2023 |
1.63 | 2.30 | 1.96 |
Day 4Feb 20, 2023 |
5.32 | 6.21 | 5.77 |
Viaz Tyres IPO Subscription Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 5.32 |
| Retail Investors | 6.21 |
| Employees | [.] |
| Others | [.] |
| Total | 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 | 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 |
Know before investing
Strengths
3-
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
3-
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 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.
