The Tolins Tyres IPO, which is a book-built issue, will open on September 9, 2024, and close on September 11, 2024. The company aims to raise approximately ₹230 crore through this offering, comprising a fresh issue of ₹200 crore, along with an offer for the sale of equity shares with a face value of ₹5 each.
Table of contents
- Tolins Tyres IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Tolins Tyres IPO GMP (Grey Market Premium)
- Tolins Tyres IPO Application Form PDF
- Tolins Tyres IPO Subscription Status
- Tolins Tyres IPO Allotment Status
- IPO Review
- Tolins Tyres IPO Registrar
- Tolins Tyres IPO Lead Manager
- Tolins Tyres Limited Contact
- FAQs
Tolins Tyres IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Tolins Tyres Limited |
| Industry | Tyre Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 09, 2024 |
| Close Date | September 11, 2024 |
| Total Issue Size | ₹203.00 Crores(8,982,300 Equity Shares) |
| Face Value | ₹5 Per Equity Share |
| Fresh Issue | ₹200 Crores(8,849,557 Equity Shares) |
| Price Band | ₹215 to ₹226 per share |
| Listing on | BSE & NSE |
| Lot Size | 66 Shares |
| Offer for Sale | ₹3.00 Crores(132,743 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company specializing in tyre retreading solutions. Consequently, the company serves both the Indian market and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
The company operates in two main verticals:
- Tyre Manufacturing
- Tread Rubber Manufacturing
As of March 31, 2024, Tolins Tyres Limited’s product range includes, for instance, 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 Solutions, Rope Rubber, and various other products. Specifically, the company manufactures a diverse array of products, including tyres for two-wheelers, three-wheelers, light commercial vehicles, and agricultural tyres, as well as tread rubber and accessories like bonding gum, tyre flaps, and vulcanizing solutions.
Moreover, as of March 31, 2024, Tolins Tyres Limited operates 8 depots and maintains a network of 3,737 dealers nationwide. The company runs three manufacturing facilities: two in Mattoor, Kalady, Kerala, and one in Al Hamra Industrial Zone, Ras Al Khaimah, UAE. Notably, the company offers 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category. Furthermore, it has achieved several quality certifications, including ISO 9001:2015 and IATF 16949:2016 from UK Certifications.
The company’s clientele includes prominent names such as Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip, among others.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | ₹221.6 |
| Revenue | ₹228.69 |
| Profit After Tax | ₹26.01 |
| Net Worth | ₹100.53 |
| Reserves and Surplus | ₹85.07 |
| Total Borrowing | ₹78.77 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹14,916 |
| Retail (Max) | 13 | 858 | ₹193,908 |
| S-HNI (Min) | 14 | 924 | ₹208,824 |
| S-HNI (Max) | 67 | 4,422 | ₹999,372 |
| B-HNI (Min) | 68 | 4,488 | ₹1,014,288 |
The objective of the Issue
- Firstly, repayment and/or prepayment, in full, of certain outstanding loans, including any foreclosure charges.
- Additionally, augmentation of the company’s long-term working capital requirements.
- Furthermore, investment in the wholly owned subsidiary, Tolin Rubbers Private Limited, to facilitate the repayment and/or prepayment of its short-term and long-term borrowings, as well as to enhance its working capital.
- Lastly, for general corporate purposes.
Company Promoters
- Mr. Kalamparambil Varkey Tolin
- Mrs. Jerin Tolin
Tolins Tyres IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Tolins Tyres IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Tolins Tyres Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Tolins Tyres IPO Application Form PDF
To download the Tolins Tyres IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Tolins Tyres IPO Subscription Status
This IPO subscription kicks off on September 9, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Tolins Tyres IPO Allotment Status
To check the Tolins Tyres IPO allotment status go to the IPO registrar website Saffron Advisors or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Tolins Tyres Limited offers a diverse range of tyres and tread rubber, featuring 154 SKUs in tyres and 993 in tread rubber, which consequently enhances its market presence.
- Furthermore, the company prioritizes high product quality through strict guidelines and inspections, supported by ISO 9001:2015 and IATF 16949:2016 certifications.
- Moreover, with over thirty years in operation, Tolins Tyres has developed strong relationships with OEMs and dealers, thereby boosting market reach and customer satisfaction.
- Additionally, by operating three facilities in India and the UAE, Tolins Tyres integrates raw materials, design, and production, which ensures efficient and controlled manufacturing processes.
Risks:
- Tolins Tyres Limited relies on a few suppliers for key raw materials; consequently, disruptions or the absence of long-term contracts could lead to increased costs and production delays.
- Moreover, the company’s revenue heavily depends on automotive OEMs, making it vulnerable to sector fluctuations and potential loss of demand.
- Additionally, legal issues and risks at manufacturing facilities, such as equipment failure or natural disasters, could harm the company’s reputation and financial stability.
- Furthermore, product liability claims and the necessity to maintain strong dealer relationships are crucial; therefore, defects or poor dealer relations could adversely affect the company’s financial performance.
Tolins Tyres IPO Registrar
Cameo Corporate Services Limited
Subramanian Building, 1, Club House Rd,
near Spencers Signal on, Anna Salai, Royapettah, Salai, Royapettah,
Chennai, Tamil Nadu 600002
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Tolins Tyres IPO Lead Manager
Saffron Capital Advisors Private Limited
605 Center Point, Andheri Kurla Road,
J B Nagar, Andheri East, Mumbai 59
Phone: +91-22-49730394
Email: info@saffronadvisor.com
Website: http://www.saffronadvisor.com/index.php
Tolins Tyres Limited Contact
Tolins Tyres Limited
No. 1/47, M C Road
Kalady, Ernakulam
Aluva – 683574
Phone: +917259287215
Email: cs@tolins.com
Website: https://www.tolinstyres.com/
FAQs
The IPO is set to open for subscription on September 9, 2024, and will close on September 11, 2024, for QIB, NII, and Retail Investors.
Specifically, the allocation for the Tolins Tyres IPO is 50% for QIBs, 15% for NIIs, and 35% for Retail investors.
To apply for the Tolins Tyres IPO, you can use ASBA online via your bank account. Alternatively, you can apply via UPI through your stock broker or by filling out an offline form with your stock broker.
The issue size for Tolins Tyres is ₹230 crores.
The allotment date for the Tolins Tyres IPO is scheduled for September 12, 2024.
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