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Tolins Tyres Limited IPO (Tolins Tyres IPO ) Details
Tolins Tyres Limited
Tolins Tyres IPO 's overview
Tolins Tyres IPO is a book built issue of ₹230.00 Cr (2,30,00,00,192). The issue is a combination of fresh issue of 88.50 Lakh (88,49,558) shares aggregating to ₹200.00 Cr (2,00,00,00,108) and offer for sale of 13.27 Lakh (13,27,434) shares aggregating to ₹30.00 Cr (30,00,00,084).
Tolins Tyres IPO bidding started from Sep 09, 2024 and ended on Sep 11, 2024. The allotment for Tolins Tyres IPO was finalized on Sep 12, 2024. The shares got listed on NSE, BSE on Sep 16, 2024.
Tolins Tyres IPO price band is set at ₹215 to ₹226 per share. The minimum lot size for an application is 66 Shares. The minimum amount of investment required by retail investors is ₹14,190.
Refer to Tolins Tyres IPO RHP for detailed information.
IPO date
Sep 09,2024 - Sep 11,2024
Listing Date
Sep 16,2024
Face value
₹5
Price Band
₹215 to ₹226 per share
Lot
₹66 Shares
Total Issue Size
1.02 Cr (1,01,76,992)
aggregating up to ₹230.00 Cr (2,30,00,00,192)
Fresh Issue
88.50 Lakh (88,49,558)
aggregating up to ₹200.00 Cr (2,00,00,00,108)
Offer for sale
13.27 Lakh (13,27,434)
aggregating up to ₹30.00 Cr (30,00,00,084)
Issue Type
Book Building
IPO Type
Main BoardListing At
NSEBSE
Mon, Sep 09, 2024
IPO Open
Wed, Sep 11, 2024
IPO Close
Thu, Sep 12, 2024
Basis of Allotment
Fri, Sep 13, 2024
Initiation of Refunds
Fri, Sep 13, 2024
Credit of Shares to Demat
Mon, Sep 16, 2024
Listing
Tolins Tyres IPO Day-wise IPO GMP Trend
Tolins Tyres IPO last GMP is ₹30, last updated Sep 15,2024. With the price band of 226.00, Tolins Tyres IPO 's estimated listing price is ₹256 (cap price + today's GMP).The expected percentage gain/loss per share is 13.27%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 15-Sep-24 | 226.00 | 30 | 256(13.27%) | 15-Sep-2024 16:25 |
| 14-Sep-24 | 226.00 | 30 | 256(13.27%) | 14-Sep-2024 23:28 |
| 13-Sep-24 | 226.00 | 30 | 256(13.27%) | 13-Sep-2024 23:26 |
| 12-Sep-24 | 226.00 | 30 | 256(13.27%) | 12-Sep-2024 23:25 |
| 11-Sep-24 | 226.00 | 30 | 256(13.27%) | 11-Sep-2024 23:24 |
| 10-Sep-24 | 226.00 | 39 | 265(17.26%) | 10-Sep-2024 23:28 |
| 09-Sep-24 | 226.00 | 39 | 265(17.26%) | 9-Sep-2024 23:29 |
| 08-Sep-24 | 226.00 | 30 | 256(13.27%) | 8-Sep-2024 23:32 |
| 07-Sep-24 | 226.00 | 30 | 256(13.27%) | 7-Sep-2024 23:27 |
| 06-Sep-24 | 226.00 | 30 | 256(13.27%) | 6-Sep-2024 23:30 |
| 05-Sep-24 | 226.00 | 25 | 251(11.06%) | 5-Sep-2024 23:31 |
| 04-Sep-24 | 226.00 | 25 | 251(11.06%) | 4-Sep-2024 23:31 |
| 03-Sep-24 | 226.00 | 25 | 251(11.06%) | 3-Sep-2024 23:32 |
| 02-Sep-24 | 0 | (0.00%) | 2-Sep-2024 13:32 |
Tolins Tyres IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 66 | ₹14,916 |
Retail(Max) | 13 | 858 | ₹1.94 Lakh (1,93,908) |
SHNI(Min) | 14 | 924 | ₹2.09 Lakh (2,08,824) |
SHNI(Max) | 67 | 4,422 | ₹9.99 Lakh (9,99,372) |
BHNI(Min) | 68 | 4,488 | ₹10.14 Lakh (10,14,288) |
About Tolins Tyres Limited
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 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.
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.
Tolins Tyres IPO 's documents
Tolins Tyres Limited Contact Details
Tolins Tyres Limited
No. 1/47, M C Road
Kalady, Ernakulam
Aluva - 683574
Phone: +917259287215
Email: [email protected]
Website: https://www.tolinstyres.com/
Tolins Tyres IPO 's Promoters
The Promoters of the company are Kalamparambil Varkey Tolin and Jerin Tolin.