Tolins Tyres IPO
Open MainLineCurrent GMP
₹30 (+13.27%)
Price Band
₹ 215 – 226
Lot Size
66
Issue Size
₹230 Cr
Minimum Investment
₹14916 (66 Shares)
Listing Date
16 September 2024
Subscription
23.89x
About the Company
Tolins Tyres Limited is a leading player in tyre manufacturing, specialising in bias tyres, precured tread rubber, and ancillary products. Established in 1982, the company has expanded globally, exporting to 40 countries, including the Middle East and Africa. Its profitability, with a CAGR of 155.45% between Fiscal 2021 and 2023, reflects its success.
Tolins Tyres caters to diverse markets, including exports, domestic sales, and OEMs like Marangoni GRP and Kerala Agro Machinery Corporation Ltd. Backward integration ensures quality control from raw materials to manufacturing.
With in-house design capabilities and a network of 3,737 dealers and 8 depots across India, the company maintains high-quality standards and customer satisfaction. Tolins Tyres' forward integration strategy enhances market presence, offering reliable products and services globally.
Peer Details
The following are the listed peers of Tolins Tyres Limited:
- Indag Rubber Limited
- Vamshi Rubber Limited
- TVS Srichakra Limited
- GRP Limited
- Elgi Rubber Company Limited
Promoters
Promoters of the company.
- Kalamparambil Varkey Tolin
- Jerin Tolin
Promoters Holding
Holding Pre Issue
92.64%
Holding Post Issue
0.00%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the company.
- Augmentation of long-term working capital requirements of the company.
- Investment in our wholly owned subsidiary, Tolin Rubbers Private Limited, to repay and/or prepay, in full, certain of its short-term and long-term borrowings and augmentation of its working capital requirements.
- General corporate purposes
Address / Contact Info
Tolins Tyres Limited
No. 1/47, M C Road, Kalady,
Ernakulam, Aluva -683574
Kerala, India
Phone: +917259287215
Email: cs@tolins.com
Website: https://www.tolinstyres.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 09 September 2024
IPO Close Date
Wednesday, 11 September 2024
Basis of Allotment
Thursday, 12 September 2024
Initiation of Refunds
Friday, 13 September 2024
Credit of Shares to Demat
Friday, 13 September 2024
Listing Date
Monday, 16 September 2024 — NSE & BSE
Important Dates
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 |
|---|---|
| Assets | 221.6 |
| Revenue | 228.69 |
| Profit After Tax | 26.01 |
| Net Worth | 100.53 |
| Reserve & Surplus | 85.07 |
| Total Borrowings | 78.77 |
EPS Pre
8.48%
EPS Post
6.58%
P/E Pre
26.64
P/E (Post Issue)
34.33x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 25.87 |
| ROCE % | 36.08 |
| Debt / Equity | 0.78 |
| RoNW % | 25.87 |
| PbW | 6.14 |
| Pat Margin % | 11.45 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 3053097 | 30 | 0 |
| Qualified Institutions | 2035398 | 20 | 0 |
| Non-Institutional | 1526549 | 15 | 0 |
| BNII | 1017699 | 10 | 1101 |
| SNII | 508850 | 5 | 550 |
| Retail Investors | 3561947 | 0 | 53968 |
| Total | 10176991 | 0 | 0 |
Subscription Status ( Fri, 20 Sep 24 06:50 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2139534 | 54383274 | 25.42x |
| Non-Institutional | 1604652 | 43984578 | 27.41x |
| BNII | 1069768 | 26858634 | 25.11x |
| SNII | 534884 | 17125944 | 32.02x |
| Retail Investors | 3744186 | 80558676 | 21.52x |
| Total | 7488372 | 178926528 | 23.89x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 66 | 14,916.00 |
| Retail (Max) | 13 | 858 | 193,908.00 |
| S-HNI (Min) | 14 | 924 | 208,824.00 |
| S-HNI (Max) | 67 | 4,422 | 999,372.00 |
| B-HNI (Min) | 68 | 4,488 | 1,014,288.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Saffron Capital Advisors Private Limited IPO Lead Manager
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Tolins Tyres IPO is a Book-building IPO worth ₹230 crores. The price band is ₹215 to 226 per share. The IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Tolins Tyres IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Tolins Tyres IPO Price Band is ₹215 to 226.
Tolins Tyres IPO lot size is 66, and the minimum amount required for application is ₹14916.
The minimum investment for Tolins Tyres IPO is approximately ₹14916 based on the upper price band.
To apply for the Tolins Tyres IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 11, 2024. After submission, funds are blocked until the basis of allotment of Tolins Tyres IPO is finalised.
Tolins Tyres IPO issue size is ₹230 crores.
Tolins Tyres IPO allotment date is Sat, Jun 27, 2026.
The registrar for Tolins Tyres IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Tolins Tyres IPO through their official website or helpline.
The Tolins Tyres IPO GMP (Grey Market Premium) is ₹30 as of Wed, Sep 11, 2024. Based on the upper price band of ₹226 per share, the estimated Tolins Tyres IPO listing price is ₹256, indicating a potential listing gain of approximately 31% over the issue price.