Tolins Tyres Limited IPO

Mainboard

Tyres & Rubber Products

Listed On: Sep 16, 2024 at ₹ 228.0(NSE)

₹ 14916 /66 Shares

Check Allotment

09 Sep, 2024

Open Date

11 Sep, 2024

Close Date

12 Sep, 2024

Allotment Date

16 Sep, 2024

Listing Date

Price Summary

Last Closing

144.80 (-35.93%)

52 Week High

259.20

52 Week Low

107.72

Last Update

3-Dec-2025 3:30 PM

Tolins Tyres IPO Issue Details

Issue Price ₹215-226 per equity share
Face Value ₹5 Per Equity Share
Total Issue Size 1,01,76,992 shares(aggregating up to ₹230 crore)
Fresh Share 88,49,558 shares(aggregating up to ₹200 crore)
Offer For Sale 13,27,434 shares(aggregating up to ₹30 crore)
Listing at BSE, NSE
List Price 228.0(NSE)
Listing Date 2024-09-16
Lead Manager Saffron Capital Advisors Private Limited
Registrar Cameo Corporate Services 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 offers total 1,01,76,991 shares. Out of which 20,35,398 (20%) allocated to QIB, 15,26,549 (15%) allocated to NII,35,61,947 (35%) allocated to RII, NA (NA%) allocated to employees and 30,53,097 (30%) allocated to 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%)
bNII < ₹10L	10,17,699 (10%)
sNII < ₹10L	5,08,850 (5%)
Retail Shares Offered	35,61,947 (35%)
Total Shares Offered	1,01,76,991 (100%)

Tolins Tyres IPO Documents

DRHP

RHP

ANCHOR

Tolins Tyres IPO Details

Tolins Tyres IPO is a book-built issue of ₹230 crores, The total issue size is ₹230 crores. The IPO of Tolins Tyres is priced at ₹215-226 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Sep 9, 2024 and ends on Sep 11, 2024. The allotment for Tolins Tyres IPO will be finalized on Sep 12, 2024. Tolins Tyres IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 16, 2024. The company shall list its equity shares on the BSE, NSE. Cameo Corporate Services Limited is the registrar of the issue.

Retail investors can bid for a minimum of 66 shares, extendable to 14,916. The book-running lead manager for the IPO is/are Saffron Capital Advisors Private Limited.

The total issue ₹230 crore, comprising a fresh issue of 88,49,558 shares ₹200 crore and having Offer for Sale (OFS) of 13,27,434 shares to mop up ₹30 crore.

The Tolins Tyres IPO sets its price band at 215-226 for each share. A single application for Tolins Tyres Limited IPO must contain at least 66 shares. Sentiment investors need to invest a minimum of 66 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,916

As on	QIB	NII bNII sNII	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	0.83 0.44 x 1.60 x	3.15 x	1.79 x
Day 2 10-09-24 05:00 PM	0.45 x	4.07 2.90 x 6.41 x	8.39 x	5.19 x
Day 3 11-09-24 05:00 PM	25.42 x	27.32 25.11 x 31.74 x	20.74 x	23.49 x

Total No of Applications

13,32,797

Subscription on the basis of Applications

Retail:24.48x BHNI:5.36x SHNI:31.96x

Tolins Tyres Valuations

EPS Pre IPO ₹8.48/-

EPS Post IPO ₹6.58/-

P/E Pre IPO 26.64

P/E Post IPO 34.33

ROE 25.87%

ROCE 36.08%

Debt/Equity 0.78

RoNW 25.87%

PAT Margin 11.45

Price to Book Value 6.14

Tolins Tyres Company Financials

In Crs.

In Cr.

	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

About Tolins Tyres Company

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

Pre Issue Share Holding : 92.64%

Post Issue Share Holding : 68.53%

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

Strength

Diversified product range with 1,166 SKUs across tyre and rubber categories.

Strong quality assurance with ISO 9001:2015 and IATF 16949:2016 certifications with Extensive dealer network with 3,737 dealers and 8 depots nationwide.

In-house R&D center, developing 163 new designs in FY 2024.

Weakness

Dependence on 261 suppliers, with top 10 contributing 98%.

Manufacturing facilities operating at low utilisation rates, below 50%.

Volatile raw material prices impacting profit margins and costs.

Contact Details

Tolins Tyres

No. 1/47, M C Road, Kalady, Ernakulam, Aluva - 683574

+917259287215

cs@tolins.com

https://www.tolinstyres.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

priya@cameoindia.com

https://ipo.cameoindia.com/

Tolins Tyres IPO - FAQs

Ans. Tolins Tyres Limited IPO is a Mainboard IPO. The issue is priced at ₹215-226 per equity share. The minimum order quantity is 66 Shares. The IPO opens on Sep 9, 2024, and closes on Sep 11, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Tolins Tyres Limited IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Tolins Tyres Limited IPO is 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).

Ans. The Tolins Tyres Limited IPO price band is set between ₹215-226 per equity share.

Ans. To apply for Tolins Tyres Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Tolins Tyres Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Tolins Tyres Limited IPO is Sep 12, 2024.

Ans. The Tolins Tyres Limited IPO will be listed on Sep 16, 2024.

Ans. Follow the steps to check the Tolins Tyres Limited IPO allotment status online.