Tolins Tyres IPO Details: Tolins Tyres Limited is set to launch its Initial Public Offering (IPO) on September 9, 2024, with the subscription period closing on September 11, 2024. This IPO follows the Book Built Issue method, aiming to raise approximately ₹230.00 crores. The offering includes a fresh issue of shares worth ₹200.00 crores, alongside an offer for sale (OFS) of up to [.] equity shares, each with a face value of ₹5.
The price band for the Tolins Tyres IPO is set at ₹[.] per share. The allocation for the IPO is divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). The company’s shares are scheduled to be listed on both the BSE and NSE on September 16, 2024. The basis of allotment is expected to be finalized on September 12, 2024.
For the financial year 2024, Tolins Tyres reported a revenue of ₹228.69 crores and a net profit of ₹26.01 crores. Based on its financial performance, long-term investors may find this IPO to be a promising opportunity.
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 Review (Apply or Not)
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Tolins Tyres IPO Date & Price Band Details:
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹230 Crores |
| Fresh Issue: | Approx ₹200 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Tolins Tyres IPO Lot Size:
The minimum lot size for the Tolins Tyres IPO is [.] shares, requiring an application amount of ₹[.]. Retail investors are permitted to apply for up to 13 lots, which amounts to [.] shares or an investment of ₹[.].
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Tolins Tyres IPO Timeline:
The Tolins Tyres IPO will open on September 9, 2024, and close on September 11, 2024. Allotment results will be finalized on September 12, 2024, with the shares expected to be listed on the BSE and NSE on September 16, 2024.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| IPO Listing Date: | September 16, 2024 |
Tolins Tyres IPO GMP Today:
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Promoters of Tolins Tyres
Tolins Tyres is led by its promoters, Kalamparambil Varkey Tolin and Jerin Tolin.
About Tolins Tyres
Founded in 1982 by K.P. Varkey, Tolins Tyres has established itself as a leading player in the Tyre & Treads sector in India. The company offers a comprehensive range of products, including new tyres and tread rubber, and has built a reputation as a major provider of tyre retreading solutions. Tolins Tyres not only serves the Indian market but also exports its products to 40 countries worldwide.
Tolins Tyres specializes in the manufacture of bias tyres for various vehicles, precured tread rubber, and ancillary products such as bonding gum, vulcanizing solutions, tyre flaps, and tubes. The company operates from three facilities: two in India and one in the UAE.
Tolins Tyres Company Financial Report
The company reported revenue of ₹228.69 crores in 2024 and The company reported a profit of ₹26.01 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2024 | ₹228.69 | ₹195.80 | ₹26.01 | ₹221.60 |
Tolins Tyres IPO Valuation – FY2024
Check Tolins Tyres IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 25.87% |
| ROCE: | 36.08% |
| EBITDA Margin: | 20.41% |
| PAT Margin: | 11.45% |
| Debt to equity ratio: | 0.78 |
| Earning Per Share (EPS): | ₹9.52 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.87% |
| Net Asset Value (NAV): | ₹36.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Indag Rubber Limited | 6.15 | 39.94 | 6.79% | 87.46 | 251.19 Cr. |
| Vamshi Rubber Limited | 1.87 | 27.94 | 4.46% | 32.54 | 77.42 Cr. |
| TVS Srichakra Limited | 140.98 | 33.76 | 9.70% | 1451.55 | 2926.0 Cr. |
| GRP Ltd | 169.78 | 24.07 | 13.58% | 1250.57 | 461.38 Cr. |
| Elgi Rubber Company Limited | 2.33 | 45.12 | 6.15% | 37.91 | 386.45 Cr. |
Tolins Tyres IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Saffron Capital Advisors Private Limited
Company Address
Tolins Tyres Limited
No. 1/47, M C Road
Kalady, Ernakulam
Aluva – 683574
Phone: +917259287215
Email: cs@tolins.com
Website: https://www.tolinstyres.com/
Tolins Tyres IPO FAQs
1. What are the key dates for the Tolins Tyres IPO?
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
2. What is the price band for the Tolins Tyres IPO?
The price band for the Tolins Tyres IPO is ₹[.] per share.
3. How many shares can I apply for in the Tolins Tyres IPO?
- Minimum Lot Size: [.] shares, with an application amount of ₹[.]
- Maximum Shares for Retail Investors: Up to 13 lots, which amounts to [.] shares or ₹[.]
4. How is the Tolins Tyres IPO allocation divided?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (HNI): 15%
5. Who are the promoters of Tolins Tyres?
The promoters of Tolins Tyres are Kalamparambil Varkey Tolin and Jerin Tolin.
6. What does Tolins Tyres do?
Tolins Tyres, established in 1982 by K.P. Varkey, is a leading player in the Tyre & Treads sector. The company manufactures new tyres, tread rubber, and provides tyre retreading solutions. They offer a wide range of products including bias tyres for various vehicles, precured tread rubber, bonding gum, vulcanizing solutions, tyre flaps, and tubes. Tolins Tyres operates from three facilities: two in India and one in the UAE.
7. Where will Tolins Tyres be listed?
Tolins Tyres shares will be listed on both the BSE and NSE.
8. What should investors consider before applying for the IPO?
Investors should review Tolins Tyres’ financial performance and consider their long-term investment goals. For the financial year 2024, the company reported a revenue of ₹228.69 crores and a net profit of ₹26.01 crores. Evaluating the company’s growth potential and market position can help in making an informed decision.
