74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Tolins Tyres IPO (Tolins Tyres Limited IPO) Detail

Tolins Tyres IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 230.00 Cr. The company is based in Ernakulam and caters to Rubber sector. Saffron Capital Advisors is the merchant banker of Tolins Tyres IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th February 2024.

Tolins Tyres IPO open date is 9th September 2024 and close date is 11th September 2024. IPO Allotment Date is 12th September 2024 and Listing date is 16th September 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 230.00 Cr. Avg IPO Size (Sector Based) : ₹ 125.90 cr.
  • Sector: Rubber IPO so far: 2
  • Merchant Banker: Saffron Capital IPO by BRLM so far: 6
  • City: Ernakulam IPO so far: 2
  • Revenue (annualised): ₹ 228.69 cr.
            PAT: (annualised): ₹ 26.01 cr. Read Financial Information >>
  • PE Ratio: 34.33x Average Sector PE Ratio: 24.12x

Tolins Tyres IPO Date

Date of DRHP:
16th February 2024
IPO Open Date:
9th September 2024
IPO Close Date:
11th September 2024
IPO Allotment Date:
12th September 2024
Initiation of Refund:
13th September 2024
IPO Listing Date:
16th September 2024

Tolins Tyres IPO Info, Size, Subscription

Tolins Tyres IPO size is ₹ 230.00 Cr. with IPO price of ₹ 226.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 230.00 Cr.

Issue Price:
₹ 226.00

Market Capitalisation :
₹ 892.90 Cr.

PE multiple :
34.33

Subscription :
25.03 times

Pre Issue Promoter Holding :
92.64 %

Post Issue Promoter Holding :
68.53 %

Tolins Tyres IPO Information

Sub Sector : tyre manufacturing company
Tolins Tyres Limited is a leading player in the Tyre & Treads industry with a nationwide presence and a diverse product range. It operates in both verticals: manufacturing new tyres and tread rubber. The company is a major tyre retreading solutions provider in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. Its major products include tyres for two-wheelers, three-wheelers, light commercial vehicles, agricultural tyres, precured tread rubber, and other accessories such as bonding gum, tyre flaps, and vulcanizing solutions (Source: Company Commissioned CRISIL Report).
The company primarily manufactures bias tyres for a variety of vehicles, including light commercial, agricultural, and two/three-wheelers, as well as precured tread rubber. It also produces ancillary products like bonding gum, vulcanizing solution,
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Object of Issue (Tolins Tyres IPO Objectives)

  • 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
  • General Corporate Purposes

Saffron Capital Advisors Private Limited is the book-running lead manager of the Tolins Tyres IPO. Cameo Corporate Services Limited is the Registrar for Tolins Tyres IPO.

Tolins Tyres IPO Registrar (RTA)

Cameo Corporate Services Limited

Tolins Tyres IPO Lead Manager (BRLM)

Saffron Capital Advisors Private Limited

Tolins Tyres IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Tolins Tyres IPO?

Tolins Tyres IPO, based in Ernakulam, operates in the   Rubber sector with a focus on tyre manufacturing company. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Tolins Tyres IPO size is ₹ 230.00 Cr. with fresh issue size of ₹ 200.00 Cr. and Offer for sale being ₹ 30.00Cr.

When is Tolins Tyres IPO allotment?

The IPO allotment date for Tolins Tyres IPO is expected to be 12th September 2024, after the finalization of basis of allotment. Investors can check Tolins Tyres IPO allotment status on the registrars website, Cameo Corporate Services Limited . Tolins Tyres IPO refund dates are 13th September 2024.

When is Tolins Tyres IPO listing date?

Tolins Tyres IPO is expected to be listed on 16th September 2024.

What is the price band for Tolins Tyres IPO?

The upper price band for the Tolins Tyres IPO is set at ₹ 226.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Tolins Tyres IPO Review?

For IPO analysis on Tolins Tyres IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Tolins Tyres IPO?

To apply for the Tolins Tyres IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 11th September 2024. After submission, funds are blocked until the basis of allotment of Tolins Tyres IPO is finalised.

Who is the merchant banker of Tolins Tyres IPO?

The merchant banker for Tolins Tyres IPO is Saffron Capital Advisors Private Limited . Saffron Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Tolins Tyres IPO RHP for further details.

Who is the Registrar of Tolins Tyres IPO?

The registrar for Tolins Tyres IPO is Cameo Corporate Services Limited . Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Tolins Tyres IPO through their official website or helpline.

What is the Tolins Tyres IPO subscription?

Tolins Tyres IPO was subscribed 25.03 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Tolins Tyres IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Tolins Tyres Financial Review Page

Tolins Tyres IPO subscription was 25.03 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Tolins Tyres IPO listed at a listing price of 238.30 against the offer price of 226.00.

The current market price of Tolins Tyres is 159.50.

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