247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Tolins Tyres Limited IPO (Tolins Tyres IPO) Details

Tolins Tyres Limited is an Rubber based company, located in Ernakulam, Tolins Tyres Limited IPO size was 230.00 Cr. and was issued at 226.00 per share. The share of Tolins Tyres Limited were listed at 238.30 per share and are currently trading at 187.86 per share.

Type :
Sub Sector : Tyre Manufacturing Company
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
228.69 Cr.

PAT :
26.01 Cr.

Pricing Report

Issue Price :
226.00

Listing Price :
238.30

Current Market Price :
187.86

Issue Price vs CMP :
38.14 (16.88%)

listing Price vs CMP :
50.44 (21.17%)

Performance Report (CAGR* wise)

CAGR : -41.21
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Tolins Tyres

Company Information
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
  • 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 and
  • General Corporate Purposes

Tolins Tyres MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Sep, 2024
IPO Size :
230.00 Cr.
Market Cap :
892.90 Cr.   
IPO Subscription :
25.03 X     
PE Multiple :
34.33
IPO Registrar:
Cameo Corporate Services Limited

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FAQs

Tolins Tyres operates in Rubber and Tyre Manufacturing Company. The Issue is listed on MainBoard in Sep, 2024. Tolins Tyres IPO size was 230.00 Cr. with Issue price of 226.00 .

Merchant Banker(s) of Tolins Tyres IPO: Saffron Capital Advisors Private Limited

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 187.86.

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