Viaz Tyres was incorporated on August 29, 2018. The company is engaged in manufacturing rubber tubes for bicycles, two- and three-wheelers, passenger vehicles and heavy-load industrial vehicles.
| Bidding Dates |
|---|
| 16 Feb 2023 - 21 Feb 2023 |
| Subscription |
|---|
| 5.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 3.2 M | ₹62 | 73.67 % | ₹200.0 M | RHP DOC |
Viaz Tyres IPO SUBSCRIPTION STATUS
21 Feb '23Viaz Tyres IPO overall subscription rate was 5.76 times the total available shares
Viaz Tyres IPO retail subscription rate was 6.21 times in the retail segment
Viaz Tyres IPO non-institutional investor subscription rate was 5.32 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Feb 2023 (Day 4) | 6.21x | 5.32x | - |
20 Feb 2023 (Day 3) | 2.3x | 1.63x | - |
17 Feb 2023 (Day 2) | 1.24x | 0.32x | - |
16 Feb 2023 (Day 1) | 0.6x | 0.1x | - |
Viaz Tyres FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 15.3 | 235.5 | -15.6 | -16.4 |
| FY22 | 14.7 | 292.0 | -11.4 | -22.3 |
| FY21 | 6.1 | 291.4 | 44.7 | 34.8 |
| FY20 | 1.5 | 198.7 | -106.6 | -182.4 |
Viaz Tyres IPO SUBSCRIPTION STATUS DETAILS
Viaz Tyres had 3.2 M shares on offer
Viaz Tyres IPO offer price was ₹62
Viaz Tyres IPO minimum Investment was ₹124000
Viaz Tyres IPO issue size was ₹ 200.0 M
Viaz Tyres had a minimum lot size of 2000 Shares per application
Viaz Tyres NUMBER OF SHARES ON OFFER
Viaz Tyres IPO IMPORTANT DATES
| Issue Open Date | 16 Feb 2023 |
| Issue close Date | 21 Feb 2023 |
| Allotment Date | 24 Feb 2023 |
| Refund Date | 27 Feb 2023 |
| Demat Account Credit Date | 28 Feb 2023 |
| Listing Date | 01 Mar 2023 |
| Listing on Exchange(s) | NSE |
| Viaz Tyres Allotment Status | Exchange |
Viaz Tyres IPO subscription opened on 16 Feb 2023, and closed on 21 Feb 2023
IPO allotment for Viaz Tyres was finalized on Friday, 24 Feb 2023
IPO listing for Viaz Tyres was on NSE on Wednesday, 01 Mar 2023
Viaz Tyres IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 68.0 |
| Listing Close Price | 68.0 |
| Listing Gain% | 9.7% |
| Current Gain% | -1.9% |
Viaz Tyres Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Viaz Tyres Ltd. | 60.8 | 74.5 | 16.5 | 0.5 | 0.7 | 8.6 | 6 | 109.3 | 89.1 | 5.3 | 58 | 3.7 | 35.3 |
| MRF Ltd. | 134190 | 56911.3 | 23.5 | 0.8 | 1.8 | 11.6 | 7.6 | 31653.6 | 10.8 | 2426.1 | 29.8 | 5706.5 | 29.5 |
| Balkrishna Industries Ltd. | 2466.3 | 47677.8 | 33.9 | -10.3 | 4.1 | 11.3 | 7 | 11074.9 | 0.8 | 1243.1 | -24.9 | 72.7 | -3.3 |
| Apollo Tyres Ltd. | 445 | 28262 | 16.5 | 0.2 | 1 | 8.2 | 4.7 | 28604 | 9.1 | 1372.4 | 22.4 | 26.9 | 105.3 |
| Ceat Ltd. | 3723.1 | 15060 | 25.5 | 0.7 | 0.9 | 13.8 | 5 | 15718.4 | 18.8 | 698 | 47.7 | 145.7 | 36.8 |
| JK Tyre & Industries Ltd. | 394.9 | 11384.6 | 17.5 | 0.4 | 0.7 | 12.8 | 4.8 | 16384.3 | 10.9 | 776.1 | 56.8 | 22.6 | 45 |
Viaz Tyres INFORMATION ON IPO ISSUE
About Viaz Tyres
Viaz Tyres was incorporated on August 29, 2018. The company is engaged in manufacturing rubber tubes for bicycles, two- and three-wheelers, passenger vehicles and heavy-load industrial vehicles.
Object of the Issue
- Repayment or prepayment or part repayment of loans
- To meet working capital requirements
- General corporate purpose
- To meet public issue expenses
Viaz Tyres - PROMOTERS
| Name |
|---|
| Janakkumar Mahendrakumar Patel |
| Rajeshkumar Prabhudasbhai Patel |
| Parichaykumar Maganbhai Patel |
| Himaben Janakkumar Patel |
| Nirmaben Rajeshkumar Patel |
| Kenaben Parichaykumar Patel |
Viaz Tyres Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Viaz Tyres Registrar to the Issue
Link Intime India Private Limited
viaztyres.ipo@linkintime.co.in
Viaz Tyres Strengths
Widespread distribution network
As on September 30, 2022, the company has total of 15 domestic distributors for rubber tubes across India. Its distribution network is spread across 19 states
Wide range of products
The company manufactures a wide range of butyl rubber tubes suitable for tyres of vehicles viz two-wheelers, three-wheelers, cars, jeeps, heavy commercial vehicles such as buses, trucks, tractors, animal-driven vehicles, etc
Viaz Tyres Risks
Certain litigations and claims
The company, promoters, promoters group and group companies are party to certain litigations and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities
Negative cash flow
The company has had negative cash flow from operating activity in recent fiscals. Sustained negative cash flow could adversely impact the business, financial condition and results of operations
IPO FAQs
The promoters of the company are Janakkumar Mahendrakumar Patel, Rajeshkumar Prabhudasbhai Patel, Parichaykumar Maganbhai Patel, Himaben Janakkumar Patel, Nirmaben Rajeshkumar Patel and Kenaben Parichaykumar Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 62.0 - 62.0.
The IPO application opens on Feb 16, 2023 and closes on Feb 21, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Feb 24, 2023.
The refund will be credited to your account on Feb 27, 2023.
The allotted shares will be credited to your demat on Feb 28, 2023.
Viaz Tyres Ltd.’s shares listed on the stock exchanges on Mar 01, 2023.