Tolins Tyres IPO Details, Date, Review, Price

Tolins Tyres IPO Details, Date, Review, Price

OUR BUSINESS

Tolins Tyres was founded  In 1982 K P Varkey Company  We are a leading player in the Tyre & Treads industry all over India. The major products of the Company include two-wheelers, three-wheelers, light commercial vehicles, agricultural Tyres, procured tread rubber, and other accessories including bonding gum, Tyre Flap, and Vulcanizing Solutions. use in light commercial vehicles, agricultural vehicles, and two/three-wheeler vehicles.
We are one of the companies that are present in both verticals Manufacturing of new Tyres and Tread Rubber.
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 3 Manufacturing Facilities located at Mattoor in Kalady, Kerala, and the third one is located in the Al Hamra Industrial Zone in Ras Al Khaimah UAE. Our Company’s Manufacturing Facility is Approximately 8.99 Acres covering an Approximate built-up area of 126,488 square fee

Our Company Promoters

1. Dr. Kalamparambil Varkey Tolin
2. Jerin Tolin

Objects of Issue

  1.  Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company.
  2.  Augmentation of long-term working capital requirements of our Company.
  3.  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.
  4. General Corporate Purposes.

 

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.

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