Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Tolins Tyres IPO is a book build issue of ₹230.00 crores. The issue is a combination of fresh issue of 0.88 crore shares aggregating to ₹200.00 crores and offer for sale of 0.13 crore shares aggregating to ₹30.00 crores.
Tolins Tyres IPO bidding started from Sep 9, 2024 and ended on Sep 11, 2024. The allotment for Tolins Tyres IPO was finalized on Sep 12, 2024. The shares got listed on BSE, NSE on Sep 16, 2024.
Tolins Tyres IPO price band is set at ₹226.00 per share . The lot size for an application is 66. The minimum amount of investment required by an retail is ₹14,190 (66 shares). The lot size investment for sNII is 14 lots (924 shares), amounting to ₹2,08,824, and for bNII, it is 68 lots (4,488 shares), amounting to ₹10,14,288.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Tolins Tyres IPO RHP for detailed Information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹215 to ₹226 per share |
| Issue Price Final | ₹226 per share |
| Lot Size | 66 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,01,76,991 shares (aggregating up to ₹230.00 Cr) |
| Fresh Issue | 88,49,559 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 13,27,432 shares of ₹5 (aggregating up to ₹30.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,06,59,272 shares |
| Share Holding Post Issue | 3,95,08,830 shares |
Tolins Tyres IPO offers total 1,01,76,991 shares. Out of which 50,88,495 (50.00%) allocated to QIB, 20,35,398 (20.00%) allocated to QIB, 15,26,549 (15.00%) allocated to NII, 35,61,947 (35.00%) allocated to RII and 30,53,097 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 50,88,495 (50.00%) | NA |
| − Anchor Investor Shares Offered | 30,53,097 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,35,398 (20.00%) | NA |
| NII (HNI) Shares Offered | 15,26,549 (15.00%) | NA |
| − bNII > ₹10L | 10,17,699 (10.00%) | 1,101 |
| − sNII < ₹10L | 5,08,850 (5.00%) | 550 |
| Retail Shares Offered | 35,61,947 (35.00%) | 53,968 |
| Total Shares Offered | 1,01,76,991 (100.00%) |
Tolins Tyres IPO raises ₹69.00 crore from anchor investors. Tolins Tyres IPO Anchor bid date is September 6, 2024. Tolins Tyres IPO Anchor Investors list
| Bid Date | September 6, 2024 |
| Shares Offered | 30,53,097 |
| Anchor Portion Size (In Cr.) | 69.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 12, 2024 |
Tolins Tyres IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Mon, Sep 9, 2024 |
| IPO Close Date | Wed, Sep 11, 2024 |
| Tentative Allotment | Thu, Sep 12, 2024 |
| Initiation of Refunds | Fri, Sep 13, 2024 |
| Credit of Shares to Demat | Fri, Sep 13, 2024 |
| Tentative Listing Date | Mon, Sep 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 11, 2024 |
Investors can bid for a minimum of 66 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 | ₹10,14,288 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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.
| Period Ended | 31 Mar 2024 |
| Assets | 221.6 |
| 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 | |
The market capitalization of Tolins Tyres IPO is ₹892.90 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.87% |
| ROCE | 36.08% |
| Debt/Equity | 0.78 |
| RoNW | 25.87% |
| PAT Margin | 11.45% |
| Price to Book Value | 6.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.48 | 6.58 |
| P/E (x) | 26.64 | 34.33 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is in the business of tyres and tread rubber manufacturing and marketing along with supply of related products. It marked setback for FY23 following market conditions and volatile crude oil and natural rubber prices. It marked improved performance for FY24 following consolidation of activities with added capacities. Based on FY24 earnings, the issue relatively appears fully priced. Investors may park funds for medium to long term. Read detail review...
Note: Restated Standalone Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 83.82 | 99.14 |
| Revenue | 119.68 | 114.39 |
| Profit After Tax | 4.99 | 0.63 |
| Net Worth | 8.25 | 6.98 |
| Reserves and Surplus | 14.41 | 9.42 |
| Total Borrowing | 47.03 | 48.87 |
| Listing Date | September 16, 2024 |
| BSE Script Code | 544254 |
| NSE Symbol | TOLINS |
| ISIN | INE0RWQ01014 |
| Final Issue Price | ₹226 per share |
| NSE Listing Group | BE |
| BSE Listing Group | T |
Tolins Tyres Ltd.
No. 1/47, M C Road
Kalady, Ernakulam
Aluva - 683574
Aluva, Kerala
Phone: +917259287215
Email: cs@tolins.com
Website: https://www.tolinstyres.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Tolins Tyres IPO is a main-board IPO of 1,01,76,991 equity shares of the face value of ₹5 aggregating up to ₹230.00 Crores. The issue is priced at ₹226 per share. The minimum order quantity is 66.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tolins Tyres IPO using UPI as a payment gateway. Zerodha customers can apply in Tolins Tyres IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tolins Tyres IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tolins Tyres IPO opens on September 9, 2024 and closes on September 11, 2024.
Tolins Tyres IPO lot size is 66, and the minimum amount required for application is ₹14,916.
You can apply in Tolins Tyres IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tolins Tyres IPO will be done on Thursday, September 12, 2024, and the allotted shares will be credited to your demat account by Friday, September 13, 2024. Check the Tolins Tyres IPO allotment status.
The Tolins Tyres IPO listing date is on Monday, September 16, 2024.
Useful Articles
RHP