Viaz Tyres announces launch of initial public offering
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Viaz Tyres Ltd. has announced public offering of 3226000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 52.00 per share. The gross proceeds of the issue are expected to be Rs 2,000.12 lakhs. The company's initial public offer (IPO) will open on 16 February 2023 and is expected to close on 21 February 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 3226000 Equity Shares of the Company at an price of Rs 62.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000. Viaz Tyres Ltd. anticipates using the proceeds of the issue for . Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.
