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Tolins Tyres Ltd

Tyres

Offer Period :

9th to 11th Sep 2024

Tolins Tyres Limited is a company specializing in the manufacturing and distribution of tires. Established details, specific product lines, and market presence may Read more... vary depending on the company's operations and offerings within the tire industry. Read less

Tolins Tyres Ltd IPO Details

IPO Date 9th to 11th Sep 2024 Minimum Investment ₹14916 / 1 Lots
Listing Date 2024-09-16 Maximum Investment ₹193908 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹230 Crores
Price ₹226 to ₹226 per share Fresh Issue ₹200 Crores
Lot Size 1 Lots (66 Shares) Offer For Sale ₹ 30
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 9th to 11th Sep 2024
Listing Date 2024-09-16
Face Value ₹5 per share
Price ₹226 to ₹226 per share
Lot Size 1 Lots (66 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14916 / 1 Lots
Maximum Investment ₹193908 / 13 Lots
Total Issue Size ₹230 Crores
Fresh Issue ₹200 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

9th Sep

IPO Starts

11th Sep

IPO Ends

12th Sep

Allotment Date

13th Sep

Initiation of Refund

13th Sep

Credit of Shares to Demat Account

16th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 92.64 0
Public Group 7.36 0

Tolins Tyres Ltd IPO Reservation

QIB Shares Offered 2035398(20%)
NII (HNI) Shares Offered 1526549(15%)
Retail Shares Offered 3561947(35%)
Anchor Investor Shares Offered 3053097(30%)
Total Shares Offered 10176991
Total Shares With Anchor Investor 10176991

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Tolins Tyres Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number 044 4002 0700
Email Id priya@cameoindia.com
Our Website www.cameoindia.com

Tolins Tyres Ltd IPO Lead Manager

1. Saffron Capital Advisors Pvt Ltd

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Tolins Tyres Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 20,35,398 9,80,364 5,12,009.0
Non Institutional Investors (NIIs) 15,26,549 66,28,644 5,12,009.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 10,17,699 31,39,422 5,12,009.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 5,08,850 34,89,222 5,12,009.0
Retail Individual Investors (RIIs) 35,61,947 3,26,59,770 5,12,009.0
Total 71,23,894 4,02,68,778 5,12,009.0

Strength of Tolins Tyres Ltd

1. Diversified Product Range and Customised Product Offering.

2. Quality of Products.

3. Long standing relationship with large OEMs and dealer network in India and its Depots.

4. Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions.

5. Locational Advantage.

6. Research and development and product development capabilities.

7. Experienced and Dedicated Management Team.

8. Track record of growth and financial performance.

Risks Involved

1. The tyre manufacturing industry is encountering difficulties because of limited suppliers for key raw materials such as natural rubber and carbon black. Further, the company does not have any long-term contracts with its suppliers and engage them by way of placing purchase orders. Volatility in the prices and availability of raw materials or any failures by its suppliers to make timely delivery of raw materials or breakdown of its relationship with such suppliers could have an adverse effect on its business, financial condition and results of operations.

2. The company is dependent on its automotive original equipment manufacturer ("OEM") customers for the sale of a significant portion of its agricultural tyres.

3. Its business is significantly dependent on the company's Manufacturing Facilities in India and abroad. Its entire infrastructure, facility and business operations are currently concentrated in Kalady, Kerala and Ras Al Khaimah, UAE. Any disruption in manufacturing at, or temporary or permanent shutdown of, its Manufacturing Facilities, may materially and adversely affect its business, prospects, financial condition and results of operations.

4. The company derives a portion of its revenue from the sale of bias tyres, which may result in pricing pressure that could adversely affect its profitability.

5. If the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose it to costs and liabilities and adversely affect its reputation, business, revenues and profitability.

6. A significant portion of its tyre products are sold to dealers & distributors. The company does not enter into contractual agreements with its distributors and dealers and any failures to maintain the relationship with these dealers & distributors or find competent replacements could affect the sales of its products.

7. Its may faces an adverse impact on the company international sales and earnings as a result of risks associated with its international sales.

8. The Company and its Subsidiaries namely Tolin Rubbers Private Limited and Tolins Tyres LLC (One Person), have reported negative cash flow in the past. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting its financial condition.

9. The company is subject to various laws and regulations relating stringent environmental, health and safety laws, regulations and standards in India and abroad. Non-compliance with and adverse changes in health, safety and environmental laws and other similar regulations to its manufacturing operations may adversely affect the company's business, results of operations and financial condition.

10. The company faces competition from both domestic as well as multinational corporations and its inability to compete effectively could result in the loss of customers and its market share, which could have an adverse effect on the company's business, results of operations, financial condition and future prospects.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024
Total Assets 221.6
Total Liabilities 221.6
Total Expenses 195.79
Total Revenue 
228.69
Profit After Tax 26.01
EBITDA 47.85
Adjusted EBITDA 0

Tolins Tyres Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-16 544254 TOLINS
INE0RWQ01014
₹226 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹226 ₹226
Open ₹227 ₹228
Low ₹226.5 ₹227.5
High ₹238.3 ₹239.4
Low ₹226.5 ₹227.5

Frequently Asked Questions

What is Tolins Tyres Ltd IPO?

Answer Field

Tolins Tyres Ltd IPO is a Mainboard IPO of 1,01,76,991 equity shares of a face value of ₹5 aggregating up to ₹230 Crores. The issue is priced at ₹226 to ₹226 per share. The minimum order quantity is 66 Shares. The IPO opens on September 09, 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.

When Tolins Tyres Ltd IPO will open?

Answer Field

The Tolins Tyres Ltd IPO opens on September 09, 2024 and closes on September 11, 2024.

What is the lot size of Tolins Tyres Ltd?

Answer Field

Tolins Tyres Ltd lot size is 66 shares, and the minimum amount required is ₹14,916.

How to apply for Tolins Tyres Ltd IPO?

Answer Field

You can apply in Tolins Tyres Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Tolins Tyres Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Tolins Tyres Ltd IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.

When is Tolins Tyres Ltd IPO listing date?

Answer Field

The Tolins Tyres Ltd listing date is September 16, 2024.

Who is the registrar of Tolins Tyres Ltd IPO?

Answer Field

The registrar of Tolins Tyres Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Saffron Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Tolins Tyres Ltd IPO?

Answer Field

The fresh issue size is ₹200 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Tolins Tyres Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 66 shares and ₹14,916 amount.

How can I approve the UPI mandate request for Tolins Tyres Ltd IPO?

Answer Field

To apply for Tolins Tyres Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Tolins Tyres Ltd?

Answer Field

The price of each Tolins Tyres Ltd share will be ranging in between ₹226 to ₹226 per share.

What is the cut-off time for the UPI mandate for Tolins Tyres Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 11, 2024.

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