Viaz Tyres Limited Company
Viaz Tyres Limited Company
Viaz Tyres Ltd. is an Ahmedabad-based company that makes rubber tubes for passenger vehicles, two and three-wheelers, bicycles, and industrial vehicles for heavy loads. The company sells bicycle tires, rubber tubes, and supplementary products across domestic and international markets.
This company also works on products, like ADV (Animal Driven Vehicle) tubes, OTR (Off The Road) tyre tubes, and Engine oil. They have 20 years of experience in manufacturing inner tubes for all types of vehicles.
Further, the company has its own production plants in Nandasan, near Ahmedabad, which have the capacity to manufacture around 7,00,000 tubes per month.
Viaz Tyres Limited has around 16 networks across India, including Gujarat, Rajasthan, Uttar Pradesh, Karnataka, West Bengal, Punjab, Kerala, Madhya Pradesh, Chattisgarh, Haryana, Bihar, Tamil Nadu, Delhi, Telangana, and Andhra Pradesh. Also, they have around 9 networks globally, including Florida USA, Dubai, Turkey, Romania, Oman, Libya, Sudan, Egypt, and Colombia.
The company also has operations in Colombia, Turkey, the United States of America, Romania, and the United Arab Emirates.
Objectives of the IPO
- To fulfill the working capital requirement
- Repayment of loan
- To meet Public Issue Costs
Company Financials (Amt. in lakhs)
Period Ended | Total Assets | Total Borrowing | Total Revenue | Profit After Tax | Net Worth |
31-Mar-21 | 2713.32 | 2047.89 | 2917.26 | 60.64 | 493.56 |
31-Mar-22 | 2898.38 | 1996.09 | 2933.04 | 146.41 | 640.47 |
30-Sep-22 | 3405.87 | 2003.36 | 2379.1 | 152.72 | 1098.19 |
Viaz Tyres IPO Details
Opening Date | Feb 16, 2023 |
Closing Date | Feb 21, 2023 |
Face Value | Rs.10 per share |
Price | Rs.62 per share |
Listing Date | Mar 1, 2023 |
Issue Size | 3,226,000 shares (Total up to Rs. 20.00 Cr.)
|
Fresh Size | 3,226,000 shares (Total up to Rs. 20.00 Cr.)
|
Lot Size | 2000 shares |
Listing At | NSE SME |
Issue Type | Fixed Price Issue type |
