VK Tyre India IPO Details

SME

VK Tyre India IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.

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.

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 Limited. 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
GMP
₹0
Issue Type
IPO
Listing On
BSE
Type
Book Built Issue
Share holding pre issue
13125000
Share holding post issue
17845000
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
Filed with Exchange

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

Documents

VK Tyre India IPO Valuations

ROE:31.74%
ROCE:15.58%
DEBT/EQUITY:2.31
RONW:27.39%
PAT MARGIN:4.45%

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

Market Maker

To be announced

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