About VK Tyre India IPO
VK Tyre India IPO Details
The VK Tyre India IPO is a 100% book-built issue of 47.20 lakh equity shares, entirely a fresh issue offering, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE SME platforms. The book-running lead manager of this issue is HEM Securities Ltd., while the registrar to the issue is BigShare Services Pvt. Ltd.
VK Tyre India IPO Date & Timeline
VK Tyre India Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on September 30, 2025. However, the specific VK Tyre India IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
VK Tyre India IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
VK Tyre India IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,20,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | 1,31,25,000 shares |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,31,25,000 shares |
| Share Holding Post Issue | 1,31,25,000 shares |
VK Tyre India IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The VK Tyre India IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
VK Tyre India Ltd. was incorporated as "VK Tyre India Private Limited" on September 3, 2014, in Uttar Pradesh. Then, on June 18, 2024, the company converted into a public limited company in Muradnagar, Ghaziabad, to proceed with its public listing procedures.
The company provides strategic proximity to major industrial hubs in Northern India. From its inception, the focus has been on catering to the high-volume bicycle and e-rickshaw segments, scaling operations through indigenous manufacturing and an expanding product portfolio to meet the changing needs of the Indian transport sector.
Operations and Product Range
The operational process of VK Tyre India Ltd. revolves around the production and trading of rubber-based products, such as tyres and tubes for bicycles and two/three-wheelers like e-rickshaws. By controlling the complete production process, ranging from the acquisition of raw materials to the final assembling of the product, quality is ensured as well as production efficiency.
The target audience for the product consists of the local distributors and retailers who cater to the requirements of the rural/semi-urban masses using mass transit transport options.
Facilities and Capacity
VK Tyre India Ltd. operates its manufacturing unit from its registered office in Muradnagar, Ghaziabad, Uttar Pradesh, equipped with specialised machinery for rubber processing, tyre building and vulcanisation. The strategic location in Ghaziabad allows for efficient sourcing of raw materials and distribution of finished goods across the North Indian market. With the listing, the company aims to support growth and handle rising demand in the e-mobility sector to manage working capital more effectively, enabling higher capacity utilisation of existing plant and machinery.
Brands and Market Presence
VK Tyre India Ltd. brand offers its products under two brand names—the 'VK TYRE' and 'VIKAS' brands, which have built a reputation in regional markets for being reliable. With a niche created in the 'essential transportation' segment, VK Tyres has been successful in creating a mark for itself by offering value-for-money products catering mainly to bicycles and e-rickshaws. The branding strategy focuses on building trust through the long-term performance of its tyres across diverse Indian road conditions.
Revenue Streams and Business Model
Revenue generation at VK Tyre India Ltd. comes from the sale of the produced and distributed tyres and tubes on a large scale using its multi-level distribution channel. For FY25, the company generated total revenue of ₹122.80 crore and PAT was reported at ₹5.33 crore, mostly generated from domestic markets, mainly from the bicycle and e-rickshaw tyres segments. By balancing its production and trade activities, it can offer various sizes of tyres without any additional investment.
Management and Shareholding
VK Tyre India Ltd. is promoted by Raj Kumar Dhingra, Sushant Dhingra, Prashant Kumar Dhingra, Lata Dhingra, Geeta Dhingra and Pooja Dhingra. Before the IPO, the promoters held 92% stake and the promoter group held a 8% stake in the company, but after the IPO, the promoters’ shareholding will be slightly diluted as the offering includes entirely a fresh issue of 47.20 lakh shares, which invites public to join.
Board and Key Management
The leadership of VK Tyre India Ltd. is led by a team of experts with many years of experience. Raj Kumar Dhingra serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors Sushant Dhingra and Prashant Kumar Dhingra. To ensure good governance, the board includes Independent Directors Kuldeep Bansal and Ravi Kant Jain for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
VK Tyre India IPO Financial Information
Latest Revenue
122.81
₹ Crore
Profit After Tax
5.33
₹ Crore
Net Worth
19.47
₹ Crore
Total Borrowing
45.03
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 87.45 | 122.81 | 5.33 | 19.47 | 6.35 | 45.03 | |||
| 31 Mar 2024 | 75.29 | 105.16 | 5.0 | 14.14 | 6.64 | 37.97 | |||
| 31 Mar 2023 | 61.66 | 82.24 | 1.62 | 9.13 | 1.63 | 33.88 | |||
| Amount in ₹ Crore | |||||||||
VK Tyre India Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.74% |
| ROCE | 15.58% |
| Debt/Equity | 2.31 |
| RoNW | 27.39% |
| PAT Margin | 4.45% |
| EBITDA Margin | 8.68% |
| Price to Book Value | - |
VK Tyre India IPO Objectives
The company intends to utilise the VK Tyre India IPO proceeds from the fresh issue for:
- • Funding the working capital requirements
- • Reduction of debt (prepayment or repayment)
- • General corporate purposes
VK Tyre India IPO Review
VK Tyre India Ltd. is positioning itself within a critical segment of the Indian transportation market. As the country witnesses a boom in e-rickshaw usage and steady demand for bicycles in rural areas, the company's product focus is well-aligned with current market trends. By specialising in 2 and 3-wheelers, it avoids direct competition with larger tyre giants focused on heavy commercial vehicles.
Financially, the company has shown strong and healthy financial statements. For FY25, the revenue was reported at ₹119.92 crore and the PAT was reported at ₹5.33 crore with an EBITDA of ₹10.40 crore. Notably, the top 10 customers of the company contributed around ₹61.09 crore.
However, the investors must be aware of the potential risk of the company, including the competitive environment of the tyre industry and the volatile pricing of raw materials like natural rubber should be kept in mind by investors. Overall, the review shows that the company is maintaining a healthy projection level, but the post-IPO success would depend largely on the scaling up of operations and cost management.
Conclusion
The VK Tyre India IPO is an opportunity for investors to invest in a company that has built its foundation in the industrial hub of Ghaziabad. Its clear focus on using proceeds for working capital and debt reduction reflects a strategy aimed at stabilising the balance sheet for future expansion. Despite the stiff competition within the sector, the strong reputation of the “VK TYRE” brand and experienced management offer a sound base.
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Proven track record of more than ten years in the production of tyres for the small vehicles segment
Conveniently situated in Muradnagar, Ghaziabad, making it easy to access important industrial centres in the NCR region
Comprehensive product line offering tyres and tubes suited to the growing demand for e-rickshaws and bicycles
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 01/01/2026 | - |
| 2 | Filed with SEBI/Exchange | 30/09/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 0 | 0 | 0 |
| Individual investors (Retail) (Max) | 0 | 0 | 0 |
| S-HNI (Min) | 0 | 0 | 0 |
| S-HNI (Max) | 0 | 0 | 0 |
| B-HNI (Min) | 0 | 0 | 0 |