Viaz Tyres IPO: GMP, Size, Price & Dates

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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 
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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

Viaz Tyres IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Viaz Tyres IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)


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