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09 February 2023

Viaz Tyres Limited IPO Date, Allotment, and All Details

Viaz Tyres Limited

Viaz Tyres Limited, a 2018 incorporation situated in Ahmedabad, produces rubber tubes for bicycles, two- and three-wheelers, passenger cars, and heavy-load industrial vehicles. The business also deals in supplementary goods like white-labelled engine oil, grease, and off-road (OTR) and animal-driven vehicle (ADV) tubes. Under the brand name "Viaz," the company sells rubber tubes, bicycle tyres, and related goods in both domestic and foreign markets.

The business has a production plant in Nandasan, a town near Ahmedabad, Gujarat, India, with an established capacity to produce 7,00,000 tubes per month. In India, it has 15 domestic distributors for rubber tubes.

The company is also present in the following 5 nations: Colombia, the United States of America, Turkey, Romania, and the United Arab Emirates. The company just began trading tyres through an exclusive tyre distributorship for Turkey for Maxxis Rubbers Private Limited.

Objects of the Issue

The proceeds from the most recent issue will go towards the following goals:

1. Loan payback, prepayment, or partial repayment
2. To Meet the Needs for Working
3. broader corporate objectives
4. in order to cover public issue costs.

Viaz Tyres IPO Tentative Timetable

The IPO for Viaz Tyres begins on February 16 and ends on February 21, 2023. From February 16, 2023, at 10:00 A.M., to February 21, 2023, at 5:00 P.M., is the Viaz Tyres IPO bid period. On the day of the issue's conclusion, at 5 PM, UPI Mandate confirmation must be received.

Event	Tentative Date
Opening Date	Feb 16, 2023
Closing Date	Feb 21, 2023
Basis of Allotment	Feb 24, 2023
Initiation of Refunds	Feb 27, 2023
Credit of Shares to Demat	Feb 28, 2023
Listing Date	Mar 1, 2023

Viaz Tyres IPO Lot Size

2000 shares make up the Viaz Tyres IPO lot size. Retail investors may submit applications for up to 1 lot (2000 shares, or $124,00).

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹124,000
Retail (Max)	1	2000	₹124,000
HNI (Min)	2	4000	₹248,000

Viaz Tyres IPO Details

IPO Date	Feb 16, 2023 to Feb 21, 2023
Listing Date	[.]
Face Value	10 per share
Price	₹62 per share
Lot Size	2000 Shares
Issue Size	3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr)
Fresh Issue	3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
NII (HNI) Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue
Market Maker	SUNFLOWER BROKING PVT. LTD.
Company Promoters	Mr. Janakkumar Mahendrakumar Patel, Mr. Rajeshkumar Prabhudasbhai Patel, Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar Patel are the promoters of the company.