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Bidding Date
09-Sep-2024 to
11-Sep-2024
Issue Size
₹230 Cr
Price Band
₹215 to ₹226
Allotment date
12-Sep-2024
Listing date
16-Sep-2024
Lot size
66
No. of shares
1,01,76,992
Fresh issue/OFS
₹200 Cr/₹30 Cr
Established in 1982 as a proprietorship concern focused on manufacturing tread rubber, Tolins Tyres transitioned into a corporate entity in 2003, commencing production and sales in 2005. Their extensive product portfolio includes tyres for light commercial vehicles, agricultural vehicles, and two/three-wheelers, as well as a wide range of ancillary products such as tyre tubes, flaps, bonding gum, and vulcanizing solutions. They market their products under the "Tolins Tyres" brand, catering primarily to the Indian market while also exporting to the Middle East, ASEAN region, and Africa. The company's manufacturing operations are based out of three facilities: two located in Kalady, Kerala, and one in Ras Al Khaimah, UAE. With a consolidated capacity of 1.51 million tyre units and 12,486 tons of tread rubber production annually, Tolins Tyres is well-equipped to serve a broad customer base, including OEMs, through a network of 8 depots and 3,737 dealers nationwide.
Read our in-depth analysis of the Tolins Tyres Ltd IPO Here 
Category
Status
QIBs
25.4x
NIIs
27.3x
Retail
20.5x
Others
--
Total
23.4x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Tolins Tyres is ₹230.00 Cr.
Tolins Tyres falls into Auto Ancillaries industry.
The Tolins Tyres IPO will be listed on both NSE and BSE.
The open and close dates for the Tolins Tyres are 09-Sep-2024 & 11-Sep-2024.
The price band for the Tolins Tyres ipo is ₹215 to ₹226
The listing date of Tolins Tyres IPO is 16-Sep-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Tolins Tyres total subscription ratio is 23.4X.
Key financial of the Tolins Tyres are:
| Tolins Tyres | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 227.22 | 118.2 | 113.4 |
| EBIT (₹ Cr) | 43.86 | 10.6 | 4.2 |
| Proft after Tax (₹ Cr) | 26.01 | 5 | 0.6 |
| Debt (₹ Cr) | 78.77 | 47 | 48.9 |
| Net Worth (₹ Cr) | 100.53 | 19.4 | 10.8 |
| RoE (%) | 25.87 | 25.77 | 5.56 |
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