Tolins Tyres Ltd IPO
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Tolins Tyres Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 101.77 L | ₹ 13.27 L | ₹ 35.62 L | ₹ 284.01 L | BSE | ₹ 230 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 09 Sep, 24 | 11 Sep, 24 | 66 | ₹ 14,190 | Book Building | 16 Sep, 24 |
Tolins Tyres Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Tyres |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 10.69x | 5088495 | 54383274 |
| NII | 28.81x | 1526549 | 43984578 |
| Retail | 22.62x | 3561947 | 80558676 |
| Employee | 0x | 0 | 0 |
| Total | 17.58x | 10176991 | 178926528 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Tolins Tyres Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.64 | 2.82 | 2.87 |
| EBITDA | 10.25 | 4.78 | 4.83 |
| PAT | 4.99 | 0.63 | 0.77 |
| Total Assets | 64.16 | 78.24 | 67.41 |
| Share Capital | 5.00 | 1.40 | 0.90 |
| Total Borrowings | 47.62 | 63.36 | 58.80 |
| Operating Activities (Net Cash) | 6.60 | 2.59 | 2.73 |
| Investing Activities (Net Cash) | 0.00 | -8.18 | -6.85 |
| Financing Activities (Net Cash) | 47.62 | 63.36 | 58.80 |
| Net Cashflow | 0.81 | 1.17 | 0.72 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Tolins Tyres Ltd
Tolins Tyres Limited was incorporated in the name and style of `Tolins Tyres Private Limited' and a certificate of incorporation was issued on July 10, 2003 by the Registrar of Companies, Kerala. Subsequently, upon the conversion of the Company into a public limited company, pursuant a special resolution passed by its Shareholders on January 1, 2024, the name of the Company was changed to `Tolins Tyres Limited' and a fresh certificate of incorporation dated January 26, 2024 was issued by the Registrar of Companies, Ernakulam, Kerala.
The domestic tyre industry is expected to expand in the coming years owing to higher demand for vehicles. With automobile sector growing, demand for replacement tyres is also increasing. Moreover, increasing acceptance of Indian tyres in the overseas markets is leading to a sharp growth in tyre exports from India. The treads industry in India is a thriving sector that caters to the growing demand for tyres in the country. Driven by factors such as increasing vehicle ownership, improvement in road infrastructure and rising disposable income, the industry is expected to witness steady growth in the coming years.
Tolins Tyres Limited is a company present in both verticals manufacturing of new tyres and tread rubber. It is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.
Peer Comparison:
- Indag Rubber Ltd
- Vamshi Rubber Ltd
- TVS Srichakra Ltd
- GRP Ltd
- Elgi Rubber Company Ltd
Tolins Tyres Ltd IPO Key Points
Strengths
- Diversified Product Range and Customised Product Offering.
- Quality of Products.
- Long standing relationship with large OEMs and dealer network in India and its Depots.
- Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions.
- Locational Advantage.
Risk
- The tyre manufacturing industry is encountering difficulties because of limited suppliers for key raw materials such as natural rubber and carbon black. Further, the company does not have any long-term contracts with its suppliers and engage them by way of placing purchase orders. Volatility in the prices and availability of raw materials or any failures by its suppliers to make timely delivery of raw materials or breakdown of its relationship with such suppliers could have an adverse effect on its business, financial condition and results of operations.
- The company is dependent on its automotive original equipment manufacturer (OEM) customers for the sale of a significant portion of its agricultural tyres.
- Its business is significantly dependent on the company's Manufacturing Facilities in India and abroad. Its entire infrastructure, facility and business operations are currently concentrated in Kalady, Kerala and Ras Al Khaimah, UAE. Any disruption in manufacturing at, or temporary or permanent shutdown of, its Manufacturing Facilities, may materially and adversely affect its business, prospects, financial condition and results of operations.
Strategy
- Optimisation of our Capacity Utilisation.
- Expanding Reach of Domestic Markets.
- Expand our Product Range by introducing new products and product range.
- Penetrate into New Geographies through an Increase in Exports.
- Strengthen Relationships with its Existing Customers and Expand Customer Base.
- Diversified Product Range and Customised Product Offering.
- Quality of Products.
- Long standing relationship with large OEMs and dealer network in India and its Depots.
- Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions.
- Locational Advantage.
How To Apply for Tolins Tyres Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.