Tolins Tyres IPO
ListedTolins Tyres IPO Details
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Bidding Date
09-Sep-2024 to
11-Sep-2024 -
Issue Size
₹230 Cr
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Price Band
₹215 to ₹226
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Allotment date
12-Sep-2024
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Listing date
16-Sep-2024
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Lot size
66
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No. of shares
1,01,76,992
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Fresh issue/OFS
₹200 Cr/₹30 Cr
About Tolins Tyres Company
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
Subscription Status
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Category
Status
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QIBs
25.4x
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NIIs
27.3x
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Retail
20.5x
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Others
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Total
23.4x
FAQs for Tolins Tyres IPO.
What is the issue size of Tolins Tyres IPO?
The issue size of Tolins Tyres is ₹230.00 Cr.
What is the industry of Tolins Tyres?
Tolins Tyres falls into Auto Ancillaries industry.
Where Tolins Tyres IPO will be listed?
The Tolins Tyres IPO will be listed on both NSE and BSE.
What are the open and close dates for the Tolins Tyres IPO?
The open and close dates for the Tolins Tyres are 09-Sep-2024 & 11-Sep-2024.
What are the price band for Tolins Tyres IPO?
The price band for the Tolins Tyres ipo is ₹215 to ₹226
What is the listing date of Tolins Tyres IPO?
The listing date of Tolins Tyres IPO is 16-Sep-2024.
What is the purpose for the Tolins Tyres IPO?
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
How much times Tolins Tyres IPO subscribed?
Tolins Tyres total subscription ratio is 23.4X.
What are the key financials for the Tolins Tyres IPO?
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 |