Viaz Tyres IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 21, 2023Let’s have a detailed review of the company and analytics of the Viaz Tyres IPO release date, IPO offer price, subscription, Viaz Tyres Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 62 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Mar 1, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2,000 Lakh |
| IPO Size | Rs 2,000 Lakh |
| Tick Size | 1 |
Viaz Tyres IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Viaz Tyres Share Price |
Viaz Tyres IPO – Summary
Their Company was originally incorporated as “Viaz Tubes Private Limited” as a Private Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 29, 2018, issued by the Registrar of Companies, Central Registration Centre.
Pursuant to a special resolution passed by their Shareholders in the Extra-Ordinary General Meeting held on May 20, 2022, the name of their Company was changed to “Viaz Tyres Private Limited”.
The Promoter of this company is MR. JANAKKUMAR MAHENDRABHAI PATEL, MR. RAJESHKUMAR PRABHUDASBHAI PATEL, MR. PARICHAYKUMAR MAGANBHAI PATEL, MRS. HIMABEN JANAKKUMAR PATEL, MRS. NIRMABEN RAJESHKUMAR PATEL AND MRS. KENABEN PARICHAYKUMAR PATEL. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Viaz Tyres IPO Date
The opening and closing dates of Viaz Tyres IPO are Feb 16, 2023 and Feb 21, 2023 respectively.
Viaz Tyres IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Feb | 0.10x | 0.60x | 0.35x |
| 2nd Day – 17th Feb | 0.32x | 1.24x | 0.78x |
| 3rd Day – 20th Feb | 1.63x | 2.30x | 1.96x |
| 4th Day – 21st Feb | 5.32x | 6.21x | 5.77x |
| Shares Offered or Net Issue | 1,532,000 | 1,532,000 | 3,064,000 |
The shares subscribed by the public will be updated here.
Viaz Tyres IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Viaz Tyres Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 24, 2023 |
| Refunds Initiation | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| Share Listing Date | Mar 1, 2023 |
Viaz Tyres IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.62
Viaz Tyres IPO Equity Size
This Initial Public Issue of 3,226,000 Equity Shares of Rs.10 each for cash at a price of Rs.62 per equity share aggregating to Rs.2,000 Lakh.
Viaz Tyres IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,226,000 Equity Shares of Rs.10/ each.
Issue Size: 3,226,000 Equity Shares of Rs.10 each, aggregating to Rs.2,000 Lakh
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Viaz Tyres IPO – Live Performance
The listing date of this IPO is Mar 1, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Viaz Tyres Share Price |
Viaz Tyres IPO Grey Market Premium
The Viaz Tyres Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Viaz Tyres IPO – Company Overview
Their company was originally formed by Mr. Keval Manuprasad Bhatt and Mr. Vaibhav Girish Kanakia in year 2018. Subsequently, existing promoters of their company namely Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel, Mrs. Nirmaben Rajeshkumar Patel and Mrs.
Kenaben Parichaykumar Patel acquired control by way of acquisition of Equity Share of the company in year 2019 and Mr. Janakkumar Mahendrabhai Patel and Mr. Rajeshkumar Prabhudasbhai Patel acquired control by way of acquisition of Equity Shares in year 2021.
Their promoters have a combined experience of more than 12 years in the rubber industry. Driven by the passion for building an integrated rubber tube manufacturing company, backed by their experience, their Promoters have been the pillars of their Company’s growth and have built a strong value system for their Company.
With their enriching experience and progressive thinking, they aim to continue to grow in the rubber tube manufacturing industry.
Viaz Tyres IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3,405.87 | 2,898.38 | 2,713.32 | 2,429.97 |
| *Total Revenue | 2,429.97 | 2,933.04 | 2,917.26 | 1,994.37 |
| Total Expense | 2,175.02 | 2,732.06 | 2,852.70 | 1,974.77 |
| Profit After Tax | 152.72 | 146.91 | 60.64 | 14.51 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic | 1.72 | 3.46 | 1.43 | 0.39 |
| Diluted | 1.72 | 1.72 | 0.71 | 0.18 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 152.72 Lakh, Rs. 146.91 Lakh, Rs. 60.64 Lakh and Rs. 14.51 Lakh respectively.
Viaz Tyres IPO – Promoters
The Promoter of this company is:
- MR. JANAKKUMAR MAHENDRABHAI PATEL,
- MR. RAJESHKUMAR PRABHUDASBHAI PATEL,
- MR. PARICHAYKUMAR MAGANBHAI PATEL,
- MRS. HIMABEN JANAKKUMAR PATEL,
- MRS. NIRMABEN RAJESHKUMAR PATEL
- MRS. KENABEN PARICHAYKUMAR PATEL
List of Related Parties (Key Managerial Personnel)
- Mr. Janakkumar Mahendrabhai Patel, Chairman cum Managing Director
- Mr. Rajeshkumar Prabhudasbhai Patel, Whole Time Director & CFO
- Mrs. Himaben Janakkumar Patel, Non-Executive Director
- Ms. Amita Chhaganbhai Pragada, Independent Director
- Ms. Pratima Singh, Independent Director
Viaz Tyres IPO – Promoters Holding
- Pre-Issue Share Holding – 99.2%
- Post Issue Share Holding – 73.07%
Viaz Tyres IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 32,26,000 Equity Shares aggregating up to Rs. 2,000.12 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,62,000 Equity Shares aggregating up to Rs.100.44 Lakh |
| Net Issue to the Public | Up to 30,64,000 Equity Shares aggregating up to Rs.1,899.68 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 15,32,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 15,32,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 90,25,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,22,51,000 Equity Shares |
Viaz Tyres IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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 IPO – Business Strategy
- Improve Sales
- Leveraging their market skills and relationship
- To increase brand visibility
- Maintaining edge over competitors
Viaz Tyres IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Widespread distribution network
- Wide range of Products
- Long standing relationship with distributors
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 1.72 | 22.94 | 7.51 |
| 31-Mar-21 | 0.71 | 12.29 | – |
| Mar-20 | 0.18 | 3.35 | – |
Viaz Tyres IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Viaz Tyres Limited | 10 | [●] | 1.72 | 22.94 | 2,919.61 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Viaz Tyres IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009, Gujarat. Telephone Number: +91 79 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Viaz Tyres IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra, India – 400 083. Tel. Number: +91 810 811 4949 Email Id: viaztyres.ipo@linkintime.co.in Investors Grievance Id: viaztyres.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Viaz Tyres IPO – Other Details
- Statutory Auditor – M/s. Doshi Doshi & Co., Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – STATE BANK OF INDIA
Viaz Tyres IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Viaz Tyres Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Viaz Tyres IPO Review FAQs
Check out various FAQs related to Viaz Tyres IPO:
What is the Issue Size of Viaz Tyres IPO?
The Company is making an initial public offer of 3,226,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Viaz Tyres IPO?
The price band for this particular IPO ranges between Rs 62. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Viaz Tyres IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 16, 2023, while the closing date is set at Feb 21, 2023.
What is the Viaz Tyres IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 24, 2023, refund initiation is on Feb 27, 2023, credit of shares is on Feb 28, 2023, and share listing date is on Mar 1, 2023.
What is the Viaz Tyres IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 1, 2023. The date, when the listing would be done, is stagnant on Mar 1, 2023.
Who is the Registrar of Viaz Tyres IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Viaz Tyres IPO?
Here are the promoters of this IPO – MR. JANAKKUMAR MAHENDRABHAI PATEL, MR. RAJESHKUMAR PRABHUDASBHAI PATEL, MR. PARICHAYKUMAR MAGANBHAI PATEL, MRS. HIMABEN JANAKKUMAR PATEL, MRS. NIRMABEN RAJESHKUMAR PATEL AND MRS. KENABEN PARICHAYKUMAR PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Viaz Tyres IPO?
We have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Viaz Tyres IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Viaz Tyres Company?
We have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 146.91, 2021 is 60.64, and 2020 is 14.51. PAT from Sep 2022 is 152.72.
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