VK Tyre India IPO Details

SME BSE

VK Tyre India IPO Summary

VK Tyre India Logo | VK Tyre India IPO Details, Date, Price, GMP, Live Subscription

VK Tyre India IPO DRHP (Draft Red Herring Prospectus) has been Exchange Approval Received.

VK Tyre India IPO total issue size comprises 47,20,000 shares (aggregating up to ₹0.00 Cr.). This includes a fresh issue of 47,20,000 shares (aggregating up to ₹0.00 Cr.). Pre-issue shareholding stands at 1,31,25,000, which will increase to 1,78,45,000 post-issue.

VK Tyre India IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.

The Lead Managers for VK Tyre India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the VK Tyre India Limited DRHP.

VK Tyre India IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹0 - ₹0
Face Value
₹10 per share
Lot Size
0 Shares
GMP
₹0
Issue Type
IPO
Listing On
BSE
Type
Book Built Issue
Pre-issue Shareholding
1,31,25,000 shares
Post-issue Shareholding
1,78,45,000 shares
Total Issue Size
47,20,000 shares(aggregating up to ₹0.00 Cr.)
Fresh Issue
47,20,000 shares(aggregating up to ₹0.00 Cr.)
Offer for Sale
-
DRHP Status
Exchange Approval Received

VK Tyre India IPO Lot Size

ApplicationLotsSharesAmount
To be announced

VK Tyre India IPO Reservation

Promoter Holding

Pre Issue:
100%
Post Issue:
-
Promoter Names:
Raj Kumar Dhingra, Sushant Dhingra, Prashant Kumar Dhingra, Lata Dhingra, Geeta Dhinga, Pooja Dhingra

VK Tyre India IPO Valuations

ROE31.74%
ROCE15.58%
DEBT/EQUITY2.31
RONW27.39%
PAT MARGIN4.45%

VK Tyre India Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets87.4575.2961.66
Total Income122.81105.1682.24
Profit After Tax5.335.001.62
EBITDA10.4111.865.32
NET Worth19.4714.149.13
Reserves and Surplus6.356.641.63
Total Borrowing45.0337.9733.88
Amount in ₹ Crore

About VK Tyre India IPO

Founded in 2014, VK Tyre is a tyre manufacturing company based in Muradnagar, Uttar Pradesh, India. The company manufactures tyres for a wide range of vehicles, including Off-the-Road (OTR) vehicles used in agriculture, construction, and mining, Commercial vehicles like trucks, small and light commercial vehicles (SCVs and LCVs), and heavy vehicles (HCVs), and Two-wheelers and three-wheelers, including motorcycles, scooters, e-rickshaws, and e-bikes. It also trade tubes and flaps.

The company sells its products under different brand names like Pradhan Plus, Agri King, Flotking, Speedking, Milestar, Mine Gold, Smart Rider, Power Rider Plus, etc. It supply products to OEMs (Original Equipment Manufacturers) and replacement markets through distributors, retailers, fleet operators, and online platforms like Flipkart.

Manufacturing facility: Its factory is located in Muradnagar, Ghaziabad, and covers 14,530 square meters with a daily production capacity of 24 metric tonnes. It is equipped with modern machines for tyre production and testing. We follow strict quality control processes from raw materials to finished products. The facility is certified with ISO 9001:2015 and ISO 14001:2015 and also hold export-related certifications like SONCAP (Nigeria), REACH & EU Homologation (Europe), and SASO (Saudi Arabia).

Markets and Sales: Domestically, products are sold over 28 states and 6 union territories and also export to North America, Latin America, Europe, Middle East and South East Asia.

Competitive Strengths:

  • Revenue from multiple geographies from various countries across the Globe
  • Diverse product portfolio with customised offerings:
  • Quality and certifications
  • Strong in-house manufacturing Capabilities
  • Strong distribution network across domestic and international markets
  • Experienced and dedicated management team

Strength Of VK Tyre India IPO

To be announced

Risk Of VK Tyre India IPO

To be announced

Objectives VK Tyre India IPO

1. Funding of capital expenditure towards installation of machinery for manufacturing of radial tyres and modernization of existing machinery

2. General Corporate Purpose

Company Contact Details

VK Tyre India Ltd.
Pawan Puri Behind Sybly Industries Ltd,
Murad Nagar
Ghaziabad, Uttar Pradesh, 201206
Phone: 01232-29733031
Email: info@vktyre.com
Website: http://www.vktyre.com/

Registrar Contact Details

Name:
Bigshare Services Pvt Ltd
Phone:
+91-22-62638200

VK Tyre India FAQs

The VK Tyre India IPO is a SME public issue comprising 4720000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹0.00 Cr.. The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.

The IPO opens for subscription on TBA, and closes on TBA.

Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The VK Tyre India IPO opens on TBA.

VK Tyre India IPO lot size is 0, and the minimum amount required for application is ₹0.

You may apply for the VK Tyre India IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the VK Tyre India IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the VK Tyre India IPO allotment status for updates.

The listing date for the VK Tyre India IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

VK Tyre India IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.

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