Tolins Tyres Ltd
Price Range
₹215 - ₹226
Min. Quantity
66
Closes on
11 September 2024
Min. investment
₹14,916/858 Shares
Tolins Tyres Ltd IPO Timeline
Tolins Tyres Ltd was incorporated in the name and style of Tolins Tyres Private Limited' on July 10, 2003 by the Registrar of Companies, Kerala. Subsequently, upon the conversion of Company into a Public Limited Company, the name of Company changed to Tolins Tyres Limited' and a fresh Certificate of Incorporation on January 26, 2024 was issued by the Registrar of Companies, Ernakulam.
| Event | Date |
|---|---|
| Tolins Tyres Ltd IPO Opening Date | 9 September 2024 |
| Tolins Tyres Ltd IPO Closing Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds | 13 September 2024 |
| Credit of Shares to Demat | 13 September 2024 |
| Tolins Tyres Ltd IPO Listing Date | 16 September 2024 |
Tolins Tyres Ltd IPO Details
| Tolins Tyres Ltd IPO Date | 9 September 2024 to 11 September 2024 |
| Tolins Tyres Ltd IPO Face Value | ₹5 per share |
| Tolins Tyres Ltd IPO Price | ₹215 to ₹226 per share |
| Tolins Tyres Ltd IPO Lot Size | 66 |
| Issue Size | Shares of ₹5 (aggregating up to ₹230 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹200 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹30 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 21,39,534 of the Net Offer |
| Retail Shares Offered | Not less than 37,44,186 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 16,04,652 of the Net Offer |
| Company Promoters | Kalamparambil Varkey Tolin, Jerin Tolin |
Tolins Tyres Ltd IPO Lot Size
The Tolins Tyres Ltd IPO lot size is 66 shares. A retail-individual investor can apply for up to 13 lots (858 shares or ₹1,93,908).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 66 | ₹14,916 |
| Maximum | 13 | 858 | ₹1,93,908 |
- Strengths
- Risks
- Opportunities
- Diversified Product Range and Customised Product Offering.
- Quality of Products.
- Long standing relationship with large OEMs and dealer network in India and its Depots.
- Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions.
- Locational Advantage.
- Research and development and product development capabilities.
- Experienced and Dedicated Management Team.
- Track record of growth and financial performance.
Company Financials
Tolins Tyres Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 83.82 | 119.68 | 4.99 |
| 03-2022 | 99.14 | 114.39 | 0.63 |
| 03-2021 | 87.96 | 106.92 | 0.77 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the company
- Augmentation of long term working capital requiremnts of the company
- Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
- Augmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
- General corporate purposes
Tolins Tyres Ltd IPO Promoter Holding
| Pre Issue Share Holding | 44.01% |
| Post Issue Share Holding | 32.47% |
Tolins Tyres Ltd IPO Subscription Status (Bidding Detail)
The Tolins Tyres Ltd IPO is subscribed 23.89 times on 11 September 2024 05:00:00 PM. The public issue subscribed 21.52 times in the retail category, 25.42 times in the QIB category, and 27.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 25.42 | 27.41 | 21.52 | - | 23.89 |
Tolins Tyres Ltd IPO Prospectus
Tolins Tyres Ltd IPO Listing Date
| Listing Date | 16 September 2024 |
| BSE Script | 544254 |
| NSE Symbol | TOLINS |
| Listing In | BSE, NSE |
| ISIN | INE0RWQ01014 |
| IPO Price | ₹226 |
| Face Value | ₹5 |
Company Contact Information
No 1/47 M C RoadKalady Ernakumalm,Aluva-683574
Phone: +91 72592 87215
Email: cs@tolins.com
Website: www.tolinstyres.com
Tolins Tyres Ltd IPO Registrar
Tolins Tyres Ltd IPO Lead Manager(s)
- Saffron Capital Advisors Pvt Ltd
FAQ
What is the issue size of Tolins Tyres Ltd IPO?
I have pre-applied for Tolins Tyres Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.