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Viaz Tyres Limited IPO

Viaz Tyres Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 68.00 (+9.68%)

Viaz Tyres Limited's has transitioned to a publicly listed entity following its IPO debut on 01-03-2023 at the NSE exchange. The public offering successfully raised 32,26,000 Shares, consisting of 32,26,000 Sharesin new capital.

The IPO featured a competitive price range of ₹62 to ₹62 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between 16-02-2023 and 21-02-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 24-02-2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Viaz Tyres IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Viaz Tyres IPO Key Performance Indicator
Company Financials ( In Lakhs )

Viaz Tyres IPO About Company

Incorporated in 2018, Viaz Tyres Limited is an Ahmedabad-based company engaged in manufacturing rubber tubes for bicycles, two- and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. The company also produces ancillary products such as Off The Road (OTR) tyre tubes, Animal Driven Vehicle (ADV) tubes, engine oil, and grease on a white-label basis. Its products, including rubber tubes and bicycle tyres, are sold under the brand name "Viaz" in domestic and international markets. The company operates a production facility at Nandasan near Ahmedabad, Gujarat, with an installed capacity of 700,000 tubes per month, supported by 15 domestic distributors and a presence in five countries: USA, Turkey, Romania, UAE, and Colombia. Viaz Tyres has also started trading tyres through an exclusive distributorship of Maxxis Rubbers Private Limited in Turkey.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Viaz Tyres IPO Strength Factors

NA


Viaz Tyres IPO Risk Factors

NA


Viaz Tyres IPO Lead Manager(s)

  • Beeline Capital Advisors Private Limited

Viaz Tyres IPO Promoter(s)

  1. Mr. Janakkumar Mahendrakumar Patel
  2. Mr. Rajeshkumar Prabhudasbhai Patel
  3. Mr. Parichaykumar Maganbhai Patel
  4. Mrs. Himaben Janakkumar Patel
  5. Mrs. Nirmaben Rajeshkumar Patel
  6. Mrs. Kenaben Parichaykumar Patel

Viaz Tyres IPO Company Details

Viaz Tyres Limited
Phone:
address:

Viaz Tyres IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Viaz Tyres IPO FAQs