Company Profile
Open Date 16-02-2023
Close Date 21-02-2023
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹ 62 per share
Issue Size 3,226,000 shares
Application Amount ₹ 1,24,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was originally formed by Mr. Keval Manuprasad Bhatt and Mr. Vaibhav Girish Kanakia in year 2018. Company is engaged in manufacturing of rubber tubes for bicycles, two and three wheelers, passenger vehicles and heavy load industrial vehicles. They also deal in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil and Grease on white labelling bases. Further, they have recently started selling bicycle tyres which they get manufactured on job work basis, depending upon the market demands. They sell rubber tubes, bicycle tyres and ancillary products under the brand names. They sell their products in domestic as well as international markets. In order to capture more market share they are developing alternate brand. They have recently ventured into trading of Tyres through exclusive distributorship of Maxxis Rubbers Private Limited tyres for Turkey. We have exclusive distributorship for selling tyres in the brand name Maxxis Rubbers Private Limited, for the territorial limits of Turkey. They have started the said business operations in the financial year 2022-23.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Sep-22
Total Assets 2,713.32 2,898.38 3,405.87
Net Assets 493.56 640.47 1,098.19
Total Borrowings 2,047.89 1,996.09 2,003.36
Total Revenue 2,917.26 2,933.04 2,379.10
Profit After Tax 60.64 146.91 152.72

Tentative Timeline

Opening Date 16-02-2023
Closing Date 21-02-2023
Basis of Allotment 24-02-2023
Initiation of Refunds 27-02-2023
Credit of Shares to Demat 28-02-2023
Listing Date 01-03-2023

Objects of the Issue

Repayment or Prepayment or part repayment of Loan
To Meet Working Capital Requirements
General Corporate Purpose
To meet Public Issue Expenses

Contact Information

Registered Office Viaz Tyres Limited 915/916, Maple Trade, Near Surdhara Circle, SAL Hospital Road, Thaltej, Ahmedabad, 380059
Phone 079-46016174

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

Market Maker Shares Offered 1,62,000 (5.02%)
Other Shares Offered 15,32,000 (47.49%)
Retail Shares Offered 15,32,000 (47.49%)
Total Shares Offered 32,26,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.2%
Share Holding Post Issue (Promoters) 73.07%

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