Viaz Tyres Ltd, a 2018 incorporation situated in Ahmedabad, produces rubber tubes for bicycles, two- and three-wheelers, passenger cars, and heavy-load industrial vehicles. The business also deals in supplementary goods like white-labeled engine oil, grease, and off-road (OTR) and animal-driven vehicle (ADV) tubes.
Under the brand name “Viaz,” the company sells rubber tubes, bicycle tyres, and related goods in both domestic and foreign markets. The business has a production plant in Nandasan, a town near Ahmedabad, Gujarat, India, with an established capacity to produce 7,00,000 tubes per month. In India, it has 15 domestic distributors for rubber tubes. The company is also present in the following 5 nations: Colombia, the United States of America, Turkey, Romania, and the United Arab Emirates.
Viaz Tyres IPO Details
| IPO Dates | 16 – 21 February 2023 |
| IPO Price | INE 62 per share |
| Fresh issue | 32,26,000 shares (INR 20 crore) |
| Offer For Sale | Nil |
| Total IPO size | 32,26,000 shares (INR 20 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,32,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Viaz Tyres IPO Dates
| Offer Opening Date | 16 February 2023 |
| IPO Closing Date | 21 February 2023 |
| Finalisation of Basis of Allotment | 24 February 2023 |
| Initiation of refunds | 27 February 2023 |
| Transfer of shares to demat accounts | 28 February 2023 |
| IPO Listing Date | 1 March 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 1,994.37 | 2,917.26 | 2,933.04 | 2,379.10 |
| Expenses | 1,974.77 | 2,852.70 | 2,732.06 | 2,175.02 |
| Net income | 14.51 | 60.64 | 146.91 | 152.72 |
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Repayment or Prepayment or part repayment of Loan
2. To Meet Working Capital Requirements
3. General Corporate Purpose
4. To meet Public Issue Expenses
Viaz Tyres Offer News
Company Contact Information
915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital Road,
Thaltej, Ahmedabad, 380059
Phone: 079-46016174
Email: cs@viaztyres.com
Website: https://www.viaztyres.com/
Viaz Tyres IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Viaz Tyres IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
