Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Thu, Feb 16, 2023 - Tue, Feb 21, 2023
Viaz Tyres IPO is a fixed price issue of ₹20.00 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹20.00 crore.
Viaz Tyres IPO bidding started from Feb 16, 2023 and ended on Feb 21, 2023. The allotment for Viaz Tyres IPO was finalized on Feb 24, 2023. The shares got listed on NSE SME on Mar 1, 2023.
Viaz Tyres IPO price is ₹62 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Viaz Tyres IPO RHP for detailed Information.
IPO Open
Thu, Feb 16, 2023
IPO Close
Tue, Feb 21, 2023
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹75.96 Cr
| IPO Date | 16 to 21 Feb, 2023 |
| Listed on | Wed, Mar 1, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,26,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,62,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 30,64,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 30,64,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 90,25,000 shares |
| Share Holding Post Issue | 1,22,51,000 shares |
| NSE Symbol | VIAZ |
| ISIN | INE0MO401019 |
Viaz Tyres IPO comprises a total issue size of 32,26,000 shares. The net offer to the public is 30,64,000 shares, after excluding 1,62,000 shares allotted on a firm basis. Of the Net offer 15,32,000 (50.00%) allocated to NII 15,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,32,000 | 50.00% | 47.49% |
| Retail Shares Offered | 15,32,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,62,000 | 5.02% | |
| Total Shares Offered | 32,26,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Incorporated in 2018, Viaz Tyres Limited is Ahmedabad-based company engaged in the manufacturing of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. The company also 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.
Company sells rubber tubes, bicycle tires, and ancillary products under the brand name "Viaz" in domestic as well as international markets.
The company has its production facility with installed capacity of manufacturing 7,00,000 Tube per Month at Nandasan near Ahmedabad, Gujarat India. It has 15 domestic distributors for rubber tubes across India. Company also has presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia.
Company recently started trading Tyres through an exclusive distributorship of Maxxis Rubbers Private Limited tires for Turkey.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 34.06 | 28.98 | 27.13 | 24.30 |
| Total Income | 23.79 | 29.33 | 29.17 | 19.94 |
| Profit After Tax | 1.53 | 1.47 | 0.61 | 0.15 |
| NET Worth | 10.98 | 6.40 | 4.94 | 4.33 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 20.03 | 19.96 | 20.48 | 18.96 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or Prepayment or part repayment of Loan | 9.50 |
| 2 | To Meet Working Capital Requirements | 5.00 |
| 3 | General Corporate Purpose | 4.90 |
| 4 | Public Issue Expenses | 0.60 |
| KPI | |
|---|---|
| ROE | 25.91 |
| ROCE | 19.98 |
| Debt/Equity | 3.12 |
| RoNW | 22.94 |
| PAT Margin | 5.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.72 | |
| P/E (x) | 24.9 | |
| Promoter Holding | 99.2% | 73.07% |
| Market Cap | ₹75.96 Cr. |
The Viaz Tyres IPO is subscribed 5.79 times on February 21, 2023 7:00:00 PM (Day 4). The public issue subscribed 6.25 times in the retail category, [.] times in the QIB category, and 5.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.33 | 15,32,000 | 81,60,000 |
| Retail | 6.25 | 15,32,000 | 95,80,000 |
| Total | 5.79 | 30,64,000 | 1,77,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.15 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisor | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.33 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.04 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹68.00 |
| Low | ₹68.00 |
| High | ₹71.40 |
| Last Trade | ₹68.05 |
Lead Manager Reports
Viaz Tyres IPO is a SME IPO of 32,26,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Feb 16, 2023, and closes on Tue, Feb 21, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Viaz Tyres IPO using UPI as a payment gateway. Zerodha customers can apply in Viaz Tyres IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Viaz Tyres IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Viaz Tyres IPO opens on Thu, Feb 16, 2023 and closes on Tue, Feb 21, 2023.
Viaz Tyres IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Viaz Tyres IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Viaz Tyres IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tue, Feb 28, 2023. Check the Viaz Tyres IPO allotment status.
The Viaz Tyres IPO listing date is on Wed, Mar 1, 2023.
