Tolins Tyres IPO Date : Tolins Tyres IPO Date is Open on 9 September 2024 and Close on 11 September 2024. Tolins Tyres IPO to Raise 10,176,992 shares (Approx ₹230.00 Cr) via IPO. The Fresh issue of 8,849,558 shares (Approx ₹200.00 Cr) and The Offer For Sale is 1,327,434 shares of ₹5 (Approx ₹30.00 Cr).
Our Company incorporation July 10, 2003 We are one of the leading players in the industry with all India presence with a diverse product range.
- Light Commercial Vehicle Tyres (LCV)
- Off the Road/Agriculture Tyres (OTR)
- Two-wheeler & Three-wheeler Tyres
- Tyre Tubes & Tyre Flaps
- Precured Tread Rubber (PCTR)
- Conventional Tread Rubber
- Bonding Gum
- Vulcanising Solution
- Rope Rubber & Others
- Rope Rubber & Others
Our Company has established itself as a major tyre retreading solutions provider across India and exported to 40 foreign countries, including the Middle East, East Africa, Jordan, Kenya and Egypt.
The major products of the Company include twowheeler, three- wheelers, light commercial vehicle and agricultural tyres, precured tread rubber and other accessories including bonding gum, tyre flap, vulcanizing solutions, etc.
Our Company has established itself as a major Tyre retreading solutions provider across India and exported to 40 foreign countries including the Middle East, East Africa, Jordan, Kenya, and Egypt.
Our company caters to all three segments of the market viz. exports, domestic sales and Original Equipment Manufacturers (“OEMs”) like, Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, Tyre Grip etc .
We have a total of 8 depots and 3 ,737 dealers across the Country. We operate from three Manufacturing Facilities out of which two are located at Mattoor in Kalady, Kerala and the third one is located in Al Hamra Industrial Zone in Ras Al Khaimah in UAE.
Our Company’s manufacturing facility is spread over approximately 8.99 acres covering approximate built-up area of 126,488 square feet for end-to-end manufacturing of tyres and tread rubber including an in-house design development, production and quality testing at various levels in processes from receiving of raw material to final products.
Our other facility in India is situated within the same premise and is spread over 2.21 acres covering an approximate built-up area of 64,537 square feet and is engaged in manufacturing complete compound mixing which is used by our Company as a raw material to
manufacture our products.
manufacture our products.
Tolins Tyres IPO Date & Price Band Details
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| IPO Size | 10,176,992 shares (Approx ₹230.00 Cr) |
| Fresh Issue | 8,849,558 shares (Approx ₹200.00 Cr) |
| Offer For Sale | 1,327,434 shares of ₹5 (Approx ₹30.00 Cr) |
| Lot Size | 66 Shares |
| IPO Face Value | ₹5 Per Equity Share" |
| IPO Price Band | ₹215 to ₹226 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Tolins Tyres IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 66 | ₹14,916 |
| Retail Maximum | 13 | 858 | ₹1,93,908 |
| S-HNI Minimum | 14 | 924 | ₹2,08,824 |
| B-HNI Minimum | 68 | 4,488 | ₹10,14,288 |
Object of the Issue
- Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company.
- Augmentation of long-term working capital requirements of our Company.
- Investment in our 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 Allotment & Listings (Details)
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| Basis of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Credit to Demat Account | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Tolins Tyres Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹227.22 | ₹195.80 | ₹26.01 |
| 2023 | ₹118.25 | ₹112.65 | ₹4.99 |
Our Company Promoters
- Dr. Kalamparambil Varkey Tolin
- Jerin Tolin
Qualitative Factors
- Diversified Product Range and Customised Product Offering.
- Quality of Products.
- Long-standing relationship with large OEMs and dealer networks in India and our Depots.
- Integrated manufacturing operations Coupled with in-house products and process design capabilities offer scale, flexibility, and comprehensive solutions.
- Locational Advantage.
- Research and development and product development Capabilities.
- Experienced and Dedicated Management Team.
- Track record of growth and financial performance.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Tolins Tyres Limited | 5.00 | 9.52 | [.] | 25.87 | 36.80 | 2,272.18 |
| Peer Group | ||||||
| Indag Rubber Limited | 2.00 | 6.15 | 39.94 | 6.79 | 87.46 | 2,511.85 |
| Vamshi Rubber Limited | 10.00 | 1.87 | 27.94 | 4.46 | 32.54 | 774.21 |
| TVS Srichakra Limited | 10.00 | 140.98 | 33.76 | 9.70 | 1451.55 | 29,260.00 |
| GRP Ltd | 10.00 | 169.78 | 24.07 | 13.58 | 1250.57 | 4,613.79 |
| Elgi Rubber Company Limited | 1.00 | 2.33 | 45.12 | 6.15 | 37.91 | 3,864.45 |
Also Read: Shree Tirupati Balajee Agro IPO
Tolins Tyres Company Contact Details
No. 1/47, M C Road, Kalady,
Ernakulam, Aluva – 683 574, Kerala, India
Telephone: +91 72592 87215
Contact Person: Umesh Muniraj
Email: cs@tolins.com
Website: www.tolinstyres.com
Tolins Tyres Lead Manager
Saffron Capital Advisors Private Limited
605, Center Point, 6th Floor, J.B, Nagar, Andheri Kurla Road,
Andheri (East), Mumbai – 400 059,
Maharashtra, India.
Telephone: +91 22 4973 0394
Email: ipos@saffronadvisor.com
Investor Grievance Email: investorgrievance@saffronadvisor.com
Website: www.saffronadvisor.com
Contact Person: Gaurav Khandelwal/ Vipin Gupta
Tolins Tyres IPO Registrar
Cameo Corporate Services Limited
Subramanian Building No. 01,
Club House Road,
Chennai – 600 002, India.
Telephone: 044 4002 0700
Email: priya@cameoindia.com
Investor Grievance Email: tolins@cameoindia.com
Website: www.cameoindia.com
Contact Person: K. Sreepriya
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