16 Feb 2023
21 Feb 2023
01 Mar 2023
₹62 per share
Incorporated in 2013, Viaz Tyres is engaged in manufacturing of rubber tubes for bicycles, two and three wheeleres, passanger vehicles and heavy load industrial vehicles. Apart from this, the company deals in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil and Grease on white labeling bases, and it started selling bicycle tyres which are manufactured on job work basis, depending upon the market demands.
The Viaz Tyres SME IPO comprises of fresh issuance of 3,226,000 shares aggregating upto ₹20 Cr.
The net proceeds from the issue will be utilised towards: • Repayment or Prepayment or part repayment of Loan • To Meet Working Capital Requirements • General Corporate Purpose • To meet Public Issue Expenses
The Viaz Tyres IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹124,000).
The allotment date of the Viaz Tyres IPO is 24th February 2023.
Agarwal Float Glass India IPO Promotors are: ● Mr. Janakkumar Mahendrakumar Patel ● Mr. Rajeshkumar Prabhudasbhai Patel ● Mr. Parichaykumar Maganbhai Patel ● Mrs. Himaben Janakkumar Patel ● Mrs. Nirmaben Rajeshkumar Patel ● Mrs. Kenaben Parichaykumar Patel
Beeline Capital Advisors Pvt Ltd is the book-running lead manager to the issue.