Tolins Tyres IPO
Tolins Tyres IPO is listed on BSE and NSE, priced at ₹215–₹226 per share. The stock debuted at ₹228, delivering a listing gain of 0.9%. The IPO had a lot size of ₹66 shares and a minimum investment of ₹14,916.
Tolins Tyres Limited IPO
- IPO Dates
- Sep 9, 2024 – Sep 11, 2024
- Price band
- ₹215-226 per equity share
- Minimum Investment
- ₹14,916
- Issue size
- ₹230 Cr
- Lot size
- 66
- Allotment Date
- Sep 12, 2024
- Listing
- Sep 16, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 9, 2024
Open Date
Completed
-
Sep 11, 2024
Close Date
Completed
-
Sep 12, 2024
Allotment Date
Completed
-
Sep 16, 2024
Listing Date
Completed
Price Summary
- Last closing
- 103.20 (-54.34%)
- 52 week high
- 202.00
- 52 week low
- 83.04
- Last update
Tolins Tyres IPO Essentials
Tolins Tyres IPO Details
Tolins Tyres IPO is priced at ₹215-226 per share with a total issue size of 230 crore. The IPO has a lot size of 66 shares and is listed on BSE and NSE.
- Issue price
- ₹215-226 per equity share
- Lot size
- 66 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total ₹230.0 Cr :
#Fresh Issue : 8,849,558 shares(aggregating up to ₹200.0 Cr) +
#OFS : 1,327,434 shares of ₹5(aggregating up to ₹30.0 Cr) - Total issue size
- 1,01,76,992 shares
(aggregating up to ₹230 crore) - Fresh issue
- 88,49,558 shares
(aggregating up to ₹200 crore) - Offer for sale (OFS)
- 13,27,434 shares
(aggregating up to ₹30 crore) - Listing at
- BSE, NSE
- List price
- 228.0(NSE)
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Saffron Capital Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 66 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors 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 |
Tolins Tyres IPO Reservation
Tolins Tyres IPO reservation details show category-wise allocation of shares. Out of the total 1,01,76,991 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 30,53,097 (30%) | |
| QIB Shares Offered | 20,35,398 (20%) | |
| NII (HNI) Shares Offered | 15,26,549 (15%) | |
| bHNI > ₹10L | 10,17,699 (10%) | 1,101 |
| sHNI < ₹10L | 5,08,850 (5%) | 550 |
| Retail Shares Offered | 35,61,947 (35%) | 53,968 |
| Total Shares Offered | 1,01,76,991 (100%) |
Tolins Tyres IPO Analytics
Tolins Tyres IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Tolins Tyres IPO Subscription Status
Tolins Tyres IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,035,398 |
1,526,549
1,017,699
508,850
|
3,561,947 | 7,123,894 |
|
Day 1
09-09-24 05:00 PM
|
0.12 x |
0.83x
0.44x
1.60x
|
3.15 x | 1.79 x |
|
Day 2
10-09-24 05:00 PM
|
0.45 x |
4.07x
2.90x
6.41x
|
8.39 x | 5.19 x |
|
Day 3
11-09-24 05:00 PM
|
25.42 x |
27.32x
25.11x
31.74x
|
20.74 x | 23.49 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 13,32,797 (Approx) | —x | —x | 24.48x |
Tolins Tyres Valuations
Earnings
- EPS Pre IPO
- ₹8.48/-
- EPS Post IPO
- ₹6.58/-
- P/E Pre IPO
- 26.64
- P/E Post IPO
- 34.33
Returns
- ROE
- 25.87%
- ROCE
- 36.08%
- RoNW
- 25.87%
- PAT Margin
- 11.45
Fundamentals
- Debt / Equity
- 0.78
- Price / Book
- 6.14
Tolins Tyres Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 221.6 | 83.82 | 99.14 |
| Revenue | 228.69 | 119.68 | 114.39 |
| Profit After Tax | 26.01 | 4.99 | 0.6 |
| Net Worth | 100.53 | N/A | N/A |
| Reserves & Surplus | 85.07 | N/A | N/A |
| Total Borrowing | 78.77 | N/A | N/A |
Tolins Tyres Company & Offer Insights
About Tolins Tyres
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 Promoter(s)
Kalamparambil Varkey Tolin, Jerin Tolin are the company's promoters of Tolins Tyres.
Tolins Tyres IPO Issue 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.
Tolins Tyres IPO - Anchor Investors
Tolins Tyres garners Rs 69 Crores from anchor investors ahead of IPO.
BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, Moneywise Financial Services, Vikasa India EIF I Fund, Invicta Continuum Fund I and Steptrade Revolution Fund are the anchor investors that have been allotted shares.
Tolins Tyres IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Tolins Tyres | 6.14 | 34.3 | 25.87% | 229 |
| Indag Rubber | 2.75 | 52.6 | % | 243 |
| Vamshi Rubber | 1.55 | 32.1 | 4.59% | 81 |
| TVS Srichakra | 3.11 | 35.0 | 10.6% | 3,015 |
| GRP Limited | 11.1 | 69.6 | 15.6% | 488 |
| Elgi Rubber | 2.88 | 144 | 0.97% | 388 |
Tolins Tyres IPO - Strengths and Risks
Tolins Tyres IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Tolins Tyres
+917259287215
No. 1/47, M C Road, Kalady, Ernakulam, Aluva - 683574
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Tolins Tyres IPO is a book-built IPO worth ₹230 crore. The price band is ₹215–₹226 per share. The IPO opens on Sep 9, 2024 and closes on Sep 11, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The price band of Tolins Tyres IPO is ₹215 to ₹226 per share.
The lot size of Tolins Tyres IPO is 66 shares.
The minimum investment for Tolins Tyres IPO is approximately ₹14,916 based on the upper price band .
Tolins Tyres IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
The allotment date of Tolins Tyres IPO is Sep 12, 2024.
Tolins Tyres IPO is expected to be listed on Sep 16, 2024, on BSE and NSE .
Tolins Tyres IPO listed on Sep 16, 2024. It was issued at ₹228.0(NSE) and is currently around ₹103.20 as on 15-May-2026 3:30 PM, which is approximately -54.3% versus issue price. The 52-week high is ₹202.00.
Based on listing and post-listing performance, Tolins Tyres IPO delivered around -54.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Tolins Tyres IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Tolins Tyres IPO valuation snapshot: P/E 34.33, EPS ₹6.58/-, P/B 6.14, RoNW 25.87%, and market cap N/A.
To apply for Tolins Tyres IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Tolins Tyres IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Tolins Tyres IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Tolins Tyres IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tolins Tyres IPO allotment status on IPO Ji for quick and easy access.