Viaz Tyres Limited IPO
i. Viaz Tyres is engaged in manufacturing of rubber tubes for bicycles, two and three wheeleres, passanger 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 labeling bases.
ii. Further, they have recently started selling bicycle tyres which they get manufactured on job work basis, depending upon the market demands. The company sells rubber tubes, bicycle tyres and ancillary products under the brand names. Viaz . They sell their products in domestic as well as international markets. In order to capture more market share they are developing alternate brand CVAZ.
iii. Viaz Tyres has recently ventured into trading of Tyres through exclusive distributorship of Maxxis Rubbers Private Limited tyres for Turkey.
iv. They have state-of-the-art infrastructure with latest production facility with installed capacity of manufacturing 7,00,000 Tube per Month, located at Nandasan near Ahmedabad, Gujarat India. Their production facility is latest and updated with employee and environment friendly measures
v. As of 2022, they have total 15 domestic distributors for rubber tubes across India. Their distribution network is spread across 19 states, namely, Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nādu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal.
vi. Company’s Core business can be divided in following categories:
i. Manufacturing of rubber tubes for bicycles, two and three wheeleres, passanger vehicles and heavy load industrial vehicles and sale of ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil and Grease on white labeling bases; and
ii. Trading of Tyres through exclusive distributorship of Maxxis Rubbers Private Limited for sale of tyres in Turkey
vii. As of 2022, they have 7 international distributors. They also have a presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia.
i. Experienced Promoters and Management Team:
ii. Widespread distribution network
iii. Wide range of Products
Objects of the Viaz Tyres Limited IPO:
Viaz Tyres Limited IPO Details:
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Price:||₹ 62 Per Equity Share|
|Listing At:||NSE Emerge|
Promoters And Management:
Financials of Viaz Tyres Limited IPO:
|Particulars ( In Lakhs )||6MFY23||2022||2021||2020|
|Revenue from Operations||2354||2919||2914||1986|
|Cost of Materials Consumed||1804||2189||1777||751|
|Purchase of Stock-in-Trade||-||-||-||2000|
|Changes in inventories||25||-7||340||-1136|
|Employee Benefits Expense||53||63||210||43|
|Depreciation & Amortisation||63||144||185||102|
Comparison With Peers:
Recommendation on Viaz Tyres Limited IPO:
To be updated shortly