Tolins Tyres IPO GMP Today, Tolins Tyre IPO Grey Market Premium Updates |
Tolins Tyres IPO, Latest target, Opening gain
Tolins Tyres IPO began on 09 September 2024. It will close on 11 September 2024. The Total IPO Size is ₹230.00 Crore Approx. The company set its IPO price is ₹215 to ₹226 per share Per Share. There are three basic categories in Tolins Tyres IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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 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.
The company’s business can be divided into two verticals:
- Tyre manufacturing and
- Tread 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.
As of March 31, 2024, the company operated 8 depots and had 3,737 dealers nationwide. The company has obtained various quality certifications such as ISO 9001:2015, IATF 16949:2016 issued by UK Certifications. The company has 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category.
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’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’s sales and marketing team comprised 55 employees, including contract workers who reported to the Chairman and Managing Director. As of March 31, 2024, the company has developed 163 new designs and products and has also created moulds for them.
Tolins Tyres IPO Details:
| Issuer | Tolins Tyres IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 09 September, 2024 | |
| Issue Closes: 11 September, 2024 | ||
| Price Brand | ₹215 to ₹226 per share | |
| Issue Size | ₹230.00 Cr | |
| Face Value | ₹5 per share | |
| Market Lot | 66 Shares | |
| Retail (Max) | ₹193,908 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 10,176,992 shares | |
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Tolins Tyres IPO GMP Rates day by day
Tolins Tyres IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹14,916 |
| Retail (Max) | 13 | 858 | ₹1,93,908 |
| S-HNI (Min) | 14 | 924 | ₹2,08,824 |
| S-HNI (Max) | 67 | 4,422 | ₹9,99,372 |
| B-HNI (Min) | 68 | 4,488 | ₹1,014,288 |
Tolins Tyres IPO Date, Allotment & Listing:
| Tolins Tyres IPO Opening Date: | September 09, 2024 |
| Tolins Tyres IPO Closing Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Initiation of Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| Listing Date: | September 16, 2024 |
Tolins Tyres Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 221.6 | |||||||||
| Revenue | 228.69 | |||||||||
| Profit After Tax | 26.01 | |||||||||
| Net Worth | 100.53 | |||||||||
| Reserves and Surplus | 85.07 | |||||||||
| Total Borrowing | 78.77 | |||||||||
| Amount in ₹ Crore | ||||||||||
Key Performance Indicator
The market capitalization of Tolins Tyres IPO is Rs 892.9 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.87% |
| ROCE | 36.08% |
| Debt/Equity | 0.78 |
| RoNW | 25.87% |
| P/BV | 6.14 |
| PAT Margin (%) | 11.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.48 | 6.58 |
| P/E (x) | 26.64 | 34.33 |
Objects of the Issue (Tolins Tyres IPO Objectives)
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 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 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
- General corporate purposes.
Tolins Tyres IPO ALLOTMENT STATUS
How to Apply for Tolins Tyres IPO?
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How to Apply Tolins Tyres IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Tolins Tyres“. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Tolins Tyres IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Tolins Tyres“. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Tolins Tyres IPO is a main-board initial public offering of 10,176,992 Equity shares of the face value of ₹5 aggregating up to ₹230.00 Crores. The issue price of the IPO is ₹215 to ₹226 Per Equity Share. The minimum order quantity is 66 Shares per application and the offer type is Book Built Issue. The IPO opens on September 09, 2024 and closes on September 11, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Tolins Tyres IPO opens on September 09, 2024 and closes on September 11, 2024.
You can apply in Tolins Tyres IPO online using either UPI or ASBA as payment method. Saffron Capital Advisors Private Limited is the book running lead manager of the Tolins Tyres IPO, while Cameo Corporate Services Limited is the registrar for the issue.
The finalization of Basis of Allotment for Tolins Tyres IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.
Check the Tolins Tyres IPO allotment status.
The Tolins Tyres IPO listing date is not yet announced. The tentative date of Tolins Tyres IPO listing is September 16, 2024.
Tolins Tyres lot size is 66 Shares and the minimum order quantity is 1 Shares.