Viaz Tyres IPO Details
- Open Date 16-Feb-23
- Close Date 21-Feb-23
- Lot Size 2000
- IPO Size ₹ 20.00 Cr
- IPO Price Range ₹ 62
- Min Investment ₹ 124000
- Listing Exchange NSE SME
- Basis of Allotment 24-Feb-23
- Refunds 27-Feb-23
- Credit to Demat Account 28-Feb-23
- Listing Date 01-Mar-23
Viaz Tyres IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 21-Feb-23 | 5.33x | 6.25x | 5.79x |
| 20-Feb-23 | 1.63x | 2.30x | 1.96x |
| 17-Feb-23 | 0.32x | 1.24x | 0.78x |
| 16-Feb-23 | 0.10x | 0.60x | 0.35x |
Viaz Tyres IPO Synopsis
Ahmedabad based Viaz Tyres IPO opens on 16th February, and closes on 21st February. The issue entails of fresh issue of 3,226,000 equity shares aggregating the issue size upto Rs. 20 cr. The company has set the lot size to 2000 shares per lot and the price band to Rs. 62 per share. The issue is to be listed on NSE SME on 1st March and the investors will be allotted shares on 24th February. Beeline Capital Advisors are the leading managers to the issue.
Objective of the Viaz Tyres IPO
The net proceeds from the issue will be utilized towards:
• Repayment or Prepayment or part repayment of Loan
• To Meet Working Capital Requirements
• General Corporate Purpose
• To meet Public Issue Expenses
About Viaz Tyres
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 company has e total 15 domestic distributors for rubber tubes across India. Our distribution network is spread across 19 states, namely, Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nādu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal. It also has presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia and 7 international distributors for sale of rubber tubes and tyres.
The firm has recently ventured into trading of Tyres through exclusive distributorship of Maxxis Rubbers Private Limited tyres for Turkey and has an exclusive distributorship for selling tyres in the brand name Maxxis Rubbers Private Limited, for the territorial limits of Turkey.
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Viaz Tyres Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 29.20 | 29.14 | 19.87 |
| EBITDA | 4.55 | 3.89 | 2.32 |
| PAT | 1.47 | 0.61 | 0.15 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 28.98 | 27.13 | 24.30 |
| Share Capital | 4.25 | 4.25 | 4.25 |
| Total Borrowings | 19.96 | 20.48 | 18.96 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.1 | 4.5 | -10.7 |
| Net cash from / (used in) investing activities | -1.1 | -0.1 | -7.8 |
| Net cash flow from / (used in) financing activities | 2.1 | -3.4 | 18.5 |
| Net increase (decrease) in cash and cash equivalents | -0.1 | 0.1 | 0.1 |
Peer Comparison
The company does not have comparable listed peer.
Viaz Tyres IPO Key Points
-
Strength
• The company has e total 15 domestic distributors for rubber tubes across 19 states and 7 international distributors across 5 countries.
• The company manufactures wide range of butyl rubber tubes, suitable for tyres of vehicles which has enabled it to cater to large customer base in domestic market
• Long standing relationship with distributors
-
Risks
• The company does not own the trademarks used by them. It operates under the registered trademark of “VIAZ” and “CVAZ” which are a registered trademark of third party, who have given their consent to use the brand name which may be withdrawn by them
• Increase in costs of the raw materials to manufacture the finished products
• There is no contract with the distributors
• Since it’s a labour-intensive industry, the company can suffer from strikes, work stoppages or increased wage demands by the employees or those of the suppliers
• The company has negative cash flow and requires a stable cash flow to sustain its business
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Viaz Tyres IPO FAQs
What is the price band of the Viaz Tyres IPO?
The price for the Viaz Tyres IPO is set at Rs. 62 per share.
When does the Viaz Tyres IPO opens and closes?
The Viaz Tyres IPO opens on 16th February and closes on 21st February.
What is the allotment date of Viaz Tyres IPO?
The allotment date of Viaz Tyres IPO is set for 24th February.
What is the Viaz Tyres IPO’s listing date?
The Viaz Tyres IPO will be listed on 1st March.
What is the size of Viaz Tyres IPO?
The Viaz Tyres IPO comprises of fresh issuance of 3,226,000 shares aggregating upto ₹20 Cr.
What is the lot size and investment required for the Viaz Tyres IPO?
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).
What is the objective of the Viaz Tyres IPO?
The net proceeds from the issue will be used for:
• Repayment or Prepayment or part repayment of Loan
• To Meet Working Capital Requirements
• General Corporate Purpose
• To meet Public Issue Expenses
How to apply for the Viaz Tyres IPO?
To apply for the Viaz Tyres IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app
Who are the book runners for Viaz Tyres IPO?
Beeline Capital Advisors is the book running lead managers of Viaz Tyres IPO.
Who are the promoters/key personnels of Viaz Tyres IPO?
Viaz Tyres IPO is promoted by Mr. Janakkumar Mahendrakumar Patel, Mr. Rajeshkumar Prabhudasbhai Patel, Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel, Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar Patel.
Contact Details of Viaz Tyres IPO
Contact Information
Viaz Tyres Limited
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 Register
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
Beeline Capital Advisors Pvt Ltd