Tolins Tyres IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 09 Sep 2024
Close Date
Wed, 11 Sep 2024
Price Band
₹ 215 – 226
Lot Size
66
Issue Size
₹ 230.00 Cr
Minimum Investment
₹ 14,916 (66 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Tolins Tyres IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹230.00 Crore, comprising a fresh issue of 88.50 Lakh equity shares aggregating to ₹200.00 Crore and an offer for sale (OFS) of 13.27 Lakh equity shares aggregating to ₹30.00 Crore by the existing shareholders.
The Tolins Tyres IPO remained open for subscription from September 09, 2024, to September 11, 2024. The basis of allotment was finalized on September 12, 2024, and the company's shares were listed on the NSE and BSE on September 16, 2024.
The company had fixed the price band at ₹215 to ₹226 per share, with a lot size of 66 shares. Retail investors were required to make a minimum investment of ₹14,916 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Saffron Capital Advisors Private Limited IPO Lead Manager acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Tolins Tyres Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Tolins Tyres IPO Timeline (Tentative)
- IPO Open Date
- Mon, 09 Sep 24
- IPO Close Date
- Wed, 11 Sep 24
- Basis of Allotment
- Thu, 12 Sep 24
- Initiation of Refunds
- Fri, 13 Sep 24
- Credit of Shares to Demat
- Fri, 13 Sep 24
- Listing Date
- Mon, 16 Sep 24 — NSE & BSE
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
IPO Subscription
Check Live Subscription →The Tolins Tyres IPO has received bids for 17,89,26,528 shares against 74,88,372 shares offered, resulting in an overall subscription of 23.89x. the NII category is subscribed 27.41x, Retail Investors 21.52x, and QIBs 25.42x. Within the NII category, BNII is subscribed 25.11x, while SNII is subscribed 32.02x.
QIB
25.42x
NII
27.41x
BNII
25.11x
SNII
32.02x
RII
21.52x
Total
23.89x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 35,61,947 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 20,35,398 shares (20%), while Non-Institutional Investors (NIIs) receive 15,26,549 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 3,053,097 | 30% |
| Qualified Institutions | 2,035,398 | 20% |
| Non-Institutional | 1,526,549 | 15% |
| BNII | 1,017,699 | 10% |
| SNII | 508,850 | 5% |
| Retail Investors | 3,561,947 | 0% |
| Total | 10,176,991 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Tolins Tyres Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Tolins Tyres Limited
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
Tolins Tyres IPO Promoters
Promoters of the company.
- Kalamparambil Varkey Tolin
- Jerin Tolin
Promoters Holding
Holding Pre Issue
92.64%
Holding Post Issue
0.00%
Tolins Tyres IPO Objective
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
Tolins Tyres Limited Address / Contact Details
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
Tolins Tyres IPO Lot Size
The Tolins Tyres IPO has a lot size of 66 shares. Retail investors require a minimum investment of ₹14,916 by applying for 1 lot (66 shares). The maximum application allowed for the retail category is 13 lots (858 shares), requiring an investment of ₹1,93,908.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 0%
Book Running Lead Managers
- Saffron Capital Advisors Private Limited IPO Lead Manager
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Tolins Tyres IPO?
Tolins Tyres IPO is a Book-building IPO with a total issue size of ₹230 crore. The Tolins Tyres IPO price band is ₹215 to 226 per share. The Tolins Tyres IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Tolins Tyres IPO will be listed on the NSE,BSE. Cameo Corporate Services Limited is the registrar for the Tolins Tyres IPO.
When will the Tolins Tyres IPO open for subscription?
The Tolins Tyres IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
What is Tolins Tyres IPO Price Band?
Tolins Tyres IPO Price Band is ₹215 to 226 per share.
What is Tolins Tyres IPO Lot Size?
Tolins Tyres IPO lot size is 66 shares, Retail investors need a minimum investment of ₹14916 based on the upper price band
What is the minimum investment for Tolins Tyres IPO?
The minimum investment for Tolins Tyres IPO is ₹14916, based on one lot of 66 shares at the upper price band of ₹226 per share.
How to apply for Tolins Tyres IPO?
Investors can apply for the Tolins Tyres IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Tolins Tyres IPO allotment is finalized.
What is Tolins Tyres IPO Issue Size?
Tolins Tyres IPO issue size is ₹230 crores.
What is the Tolins Tyres IPO Allotment Date?
Tolins Tyres IPO allotment date is Thu, Sep 12, 2024.
Who is the Tolins Tyres IPO Registrar?
The registrar for Tolins Tyres IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Tolins Tyres IPO allotment status, refund processing, and other IPO-related information.
What is the Tolins Tyres IPO GMP?
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 13.27% over the issue price.
Who is the Tolins Tyres IPO Lead Manager?
The book-running lead managers (BRLMs) for the Tolins Tyres IPO are Saffron Capital Advisors Private Limited IPO Lead Manager. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Tolins Tyres IPO Red Herring Prospectus (RHP).