Viaz Tyres Limited IPO is set to launch on 16 Feb, 2023. The company initiated its business operations in 2018. It is based in Ahmedabad and is involved in manufacturing rubber tubes for bicycles, two wheeler, Heavy vehicles, passenger vehicles etc. It sells its products under the brand name Viaz Tyres in intentional markets. Its manufacturing facility is located in Nandasan. Its production capacity is 7 Lakh tubes per month. The company has 15 domestic sellers for local markets and also exports its products to Romania, Colombia, America, Turkey and UAE.
Viaz Tyres Limited IPO DETAILS
Viaz Tyres Limited IPO is set to launch on 16 Feb., 2023. The subscription timeline extends till 21 Feb, 2023. The size for the IPO is 20.00 Crore Rs. Shares issued through fresh issues are worth 20.00 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 2000 shares and the price is 62 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Viaz Tyres Limited IPO
IPO OPENING DATE | 16 Feb., 2023 |
CLOSING DATE FOR IPO | 21 Feb, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 62 Rs. per share |
LOT SIZE | 2000 shares |
MINIMUM ORDER QUANTITY | 2000 shares |
ISSUE SIZE | 20 Crore Rs. |
OFFER FOR SALE | No shares are issued through Offer for Sale mode. |
FRESH ISSUE | 20 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 1 March, 2023 |
Viaz Tyres Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 16 Feb., 2023 |
CLOSING DATE FOR IPO | 21 Feb, 2023 |
IPO ALLOTMENT DATE | 24 Feb, 2023 |
REFUNDS | 27 Feb, 2023 |
DEMAT A/C CREDITED ON | 28 Feb, 2023 |
IPO LISTING DATE | 1 March, 2023 |
Viaz Tyres Limited IPO begins for subscription from 16 Feb., 2023. The IPO subscription would continue till 21 Feb, 2023. The allotment status for the shareholders who applied would come on 24 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 27 Feb, 2023. The DEMAT accounts of shareholders would be credited on 28 Feb, 2023. The listing of the company would be accompanied on 1 March 2023.
Viaz Tyres Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Securities Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 124000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 248000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 2000 shares | 124000 Rs. |
Maximum | 4000 shares | 248000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- The funds can be used for working capital requirements.
- For repayment of the loan taken before.
COMPANY FINANCIALS
Particularly (in Lakh Rs.) | 2020-21 | 2020-21 | 2021-22 |
ASSETS | 2430 | 2713 | 2898 |
Revenue | 1994 | 2917 | 2933 |
PAT | 14 | 61 | 147 |
Viaz Tyres Limited had an asset base of 2430 Lakh Rs in 2020. This increased to a whopping 2713 Lakh Rs in 2021 and 2898 Lakh Rs in 2022. This signifies that the company is constantly upgrading its manufacturing capacity and also increasing the asset base it holds. The revenues on the other hand are also increasing. The revenue for 2020 was 1994 Lakh Rs which increased to 2917 Lakh Rs and 2933 Lakh Rs.
The revenue for 2021 increased by almost 1000 Lakh Rs. The profit for 2020 was recorded at 14 Lakh Rs which increased to a massive 61 Lakh Rs. This further on increased to 147 Lakh rs. However the assets are increasing at a slow pace but the revenue and profits are increasing at a huge speed. The revenue increase for 2022 is just 15 Lakh Rs but the profit increase in its comparison is 86 Lakh Rs.
PROS
- Its production capacity is 7 Lakh tubes per month.
- The company has 15 domestic sellers for local markets and also exports its products to Romania, Colombia, America, Turkey and UAE.
CONS
- The company works in a highly competitive segment.
Viaz Tyres Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Viaz Tyres Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.