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Tolins Tyres Limited IPO

Tolins Tyres Limited IPO

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Listed Price: ₹ 228.00 (+0.88%)

Tolins Tyres Limited's successfully transitioned to public market status with its listing on NSE, BSE on 16-09-2024. The IPO mobilized 1,01,76,991 Shares in cumulative capital, including 88,49,559 Shares for corporate expansion and ₹30.00 Cr for shareholder liquidity management.

The public offering was conducted within the price parameters of ₹215 to ₹226, with minimum investment lots of 66 shares. subscription activity between 09-09-2024 and 11-09-2024 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 12-09-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Tolins Tyres IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Tolins Tyres IPO Key Performance Indicator
Company Financials ( In Crores )

Tolins Tyres IPO About Company

Tolins Tyres Limited, incorporated in 2003, is a leading tyre manufacturing and retreading company in India with a strong export presence across 40 countries, including regions in the Middle East and Africa. The company operates through two core verticals—tyre manufacturing and tread rubber production—offering a wide range of products such as tyres for light commercial vehicles, off-road/agriculture use, two- and three-wheelers, along with tyre tubes and tread rubber products like Precured Tread Rubber (PCTR) and conventional tread rubber. It also manufactures related accessories, including bonding gum, tyre flaps, and vulcanizing solutions. Tolins runs three manufacturing facilities—two in Mattoor, Kalady, Kerala, and one in Ras Al Khaimah, UAE—supported by 8 depots and a nationwide network of 3,737 dealers. As of March 31, 2024, its portfolio includes 163 tyre SKUs and 1,003 tread rubber SKUs, with significant in-house development of new designs and moulds. The company holds ISO 9001:2015 and IATF 16949:2016 certifications and serves reputed clients such as Marangoni GRP and KAMCO, backed by a dedicated sales and marketing team of 55 members.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Tolins Tyres IPO Strength Factors

  1. Wide Product Range: Tolins Tyres Limited offers 163 types of tyres and 1,003 types of tread rubber, providing solutions for various needs and customized options.
  2. Certified Quality: The company holds top certifications like ISO 9001:2015, IATF 16949:2016, BIS, DOT (USA), and E Mark E32 (Europe), ensuring high-quality products that meet global standards.
  3. Strong Distribution Network: With 8 depots and 3,737 dealers across India, Tolins ensures seamless distribution and support for both OEMs and retail dealers.

Tolins Tyres IPO Risk Factors

  1. Raw Material Supply Risks: The company depends on a few suppliers for essential materials like natural rubber and carbon black. Without long-term supply contracts, price changes or delivery delays could affect production and profits.
  2. Dependence on OEM Customers: A large part of the company's sales comes from selling agricultural tyres to vehicle manufacturers (OEMs). If demand from these manufacturers drops or the industry changes, it could hurt the business.
  3. Manufacturing Facility Dependence: The company mainly produces its products in two locations – Kalady (Kerala, India) and Ras Al Khaimah (UAE). Any problems or shutdowns at these facilities could seriously affect operations and revenue.

Tolins Tyres IPO Lead Manager(s)

  • Saffron Capital Advisors Private Limited

Tolins Tyres IPO Promoter(s)

  1. Kalamparambil Varkey Tolin
  2. Jerin Tolin

Tolins Tyres IPO Company Details

Tolins Tyres Limited
Phone:
address:

Tolins Tyres IPO Registrar

Cameo Corporate Services Limited
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Phone:

Tolins Tyres IPO FAQs