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Tolins Tyres Ltd.

Tolins Tyres Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹226
₹226
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹226
Based on GMP
Min. Investment
₹14,916
1 lot × 66 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
09 Sep 2024
Close Date
11 Sep 2024
Allotment
12 Sep 2024
Listing Date
16 Sep 2024
Exchange
NSE & BSE
Price Band
₹226
Listing Price
See chart
Allotment Status
Price Band
₹226
Per share
Face Value
₹5 per share
 
Lot Size
66 Shares
per lot
Issue Size
1,01,76,991 shares (aggregating up to ₹230.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,916
1 lot
Pre-IPO Holding
3,06,59,272 shares
Promoters
Post-IPO Holding
3,95,08,830 shares
Promoters
P/E (Pre)
26.64x
 
P/E (Post)
34.33x
 
EPS (Pre)
₹8.48
 
EPS (Post)
₹6.58
 
UPI Deadline
2024-09-11
Mandate
Anchor AllotmentFri, 06 Sep 2024
Basis of AllotmentThu, 12 Sep 2024
Refund InitiationFri, 13 Sep 2024
Demat CreditFri, 13 Sep 2024
Listing DayMon, 16 Sep 2024
UPI Mandate Deadline2024-09-11
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares88,49,559 shares (aggregating up to ₹200.00 Cr)
Offer for Sale13,27,432 shares of ₹5 (aggregating up to ₹30.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Tolins Tyres Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Sep 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
10,176,991
100% ₹230.00
IPO Shares Offered
Tolins Tyres Ltd. IPO total issue size: ₹230.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 10,176,991 ₹230.00
100.00%
* Based on upper price band ₹226 per share
Lot Size & Investment
Lot Size
66
Shares per Lot
Issue Price
₹226.00
Upper Band
Min Investment
₹14,916
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2132₹29,832
Retail (Max — 13 Lots)13858₹193,908
S-HNI (Min — 14 Lots)14924₹208,824
B-HNI (Min — 68 Lots)684,488₹1,014,288
* Issue Price ₹226 × Lot Size 66 shares
IPO Schedule
Anchor
06 Sep 2024
✓ Done
IPO Open
09 Sep 2024
✓ Done
IPO Close
11 Sep 2024
✓ Done
Allotment
12 Sep 2024
✓ Done
Refunds
13 Sep 2024
✓ Done
Demat Credit
13 Sep 2024
✓ Done
Listing Day
16 Sep 2024
✓ Done
Tolins Tyres Ltd. — Live Price LIVE
₹226.00
INR · BSE
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Issue ₹226.00 Live Price
About Tolins Tyres Ltd.
Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company. The company provides tyre retreading solutions in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.The company's business can be divided into two verticals:Tyre manufacturing andTread Rubber manufacturing.As of March 31, 2024, the company's products include Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres (OTR), Two-wheeler & Three-wheeler Tyres, Tyre Tubes & Tyre Flaps, Precured Tread Rubber (PCTR), Conventional Tread Rubber, Bonding Gum, Vulcanizing solution, Rope Rubber & Others.The company manufactures a range of products, including two-wheelers, three-wheelers, light commercial vehicles, agricultural tyres, tread rubber, and various accessories such as bonding gum, tyre flaps, and vulcanizing solutions.As of March 31, 2024, the company operated 8 depots and had 3,737 dealers nationwide.The company operates three manufacturing facilities, with two located at Mattoor in Kalady, Kerala, and the third in Al Hamra Industrial Zone in Ras Al Khaimah, UAE.The company has 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category. The company has obtained various quality certifications such as ISO 9001:2015, IATF 16949:2016 issued by UK Certifications.The company's clientele includes Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip. etc. for products.As of March 31, 2024, the company has developed 163 new designs and products and has also created moulds for them.As of March 31, 2024, the company's sales and marketing team comprised 55 employees, including contract workers who reported to the Chairman and Managing Director.
Objects of the Issue
1
Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company;
2
Augmentation of long-term working capital requirements of the company;
3
Investment in the 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; and
4
General corporate purposes.
Tolins Tyres Ltd. Financials (Amount in Crore)
Revenue from Operations
N/A
FY 2022-23
N/A
FY 2023-24
₹228.7
31 Mar 2024
Profit After Tax (PAT)
N/A
FY 2022-23
N/A
FY 2023-24
₹26.0
31 Mar 2024
Particulars31 Mar 2024FY 2023-24FY 2022-23
Revenue from Operations 228.69 N/A N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 26.01 N/A N/A
Net Worth 100.53 N/A N/A
Total Assets 221.60 N/A N/A
Reserves & Surplus 85.07 N/A N/A
Borrowings 78.77 N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) 11.45%
P/BV Ratio
6.14
RoE
25.87%
RoCE
36.08%
RoNW
25.87%
PAT Margin
11.45%
Debt/Equity
0.78
Issue Structure & Shareholding
Total Shares Offered1,01,76,991 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding3,06,59,272 shares
Post-Issue Promoter Holding3,95,08,830 shares
P/BV Ratio6.14
RoE25.87%
RoCE36.08%
Debt / Equity0.78
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Saffron Capital Advisors Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Tolins Tyres Ltd. IPO subscribed?

Tolins Tyres Ltd. IPO is subscribed 1.00 times by Sep 11, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Tolins Tyres Ltd. IPO retail subscription status?

The Tolins Tyres Ltd. IPO retail category is subscribed 1.00 times as of 11 Sep 2024. The retail portion is oversubscribed.

How to subscribe Tolins Tyres Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 09 Sep 2024 and closes 11 Sep 2024. Min investment: ₹14,916 (1 lot = 66 shares). UPI mandate: 2024-09-11.

How many times Tolins Tyres Ltd. IPO subscribed?

The Tolins Tyres Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Tolins Tyres Ltd. IPO allotment?

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Sep 2024. Refunds: on 13 Sep 2024.

When Tolins Tyres Ltd. IPO will be listed?

The Tolins Tyres Ltd. IPO listing date is 16 Sep 2024, Monday. Listed on: NSE & BSE. Issue price: ₹226. Estimated listing: ₹226. GMP: NIL.

When Tolins Tyres Ltd. IPO close?

The Tolins Tyres Ltd. IPO closes on 11 Sep 2024, Wednesday. UPI mandate: 2024-09-11. Allotment: 12 Sep 2024. Listing: 16 Sep 2024.