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Open
9 Sep 2024
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Close
11 Sep 2024
3
Allotment
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Listing
Mon, Sep 16, 2024
Price Band
₹215 to ₹226
Issue Size
1,01,76,991 shares (agg. up to ₹230 Cr)
Lot Size
66 Shares
Listing Date
Mon, Sep 16, 2024
Latest GMP
₹30
Est. Gain
13.27%
✦ AI Insight
GMP Trend
16-09-2024₹30Est. ₹256+13.27%
15-09-2024₹30Est. ₹256+13.27%
14-09-2024₹30Est. ₹256+13.27%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 17.83x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 221.60 |
| Total Income | 228.69 |
| Profit After Tax | 26.01 |
| NET Worth | 100.53 |
| Reserves and Surplus | 85.07 |
| Total Borrowing | 78.77 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company; | 69.97 |
| 2 | Augmentation of long-term working capital requirements of the Company; | 75.00 |
| 3 | 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 | 23.15 |
| 4 | General corporate purposes | 15.68 |
About Tolins Tyres IPO
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 th
Contact Details
Tolins Tyres Ltd. AddressNo.1/47, M C RoadKalady, ErnakulamAluvaAluva, Kerala, 683574+917259287215cs@tolins.comVisit Website