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Tolins Tyres Ltd IPO

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.

Tolins Tyres Ltd IPO Details

Total Shares Offered

₹ 1,01,76,991

Offer to Public

13,27,434

Retail Max (Shares)

₹ 35,61,947

Pre Issue Promoters Holding

₹ 2,84,00,899

Exchange

BSE

Issue size

₹ 230 Cr

IPO Open Date

Sep 9, 2024

Close Date

Sep 11, 2024

Lot Size

Min Investment

₹ 14,190

Issue Type

Book Building

Listing Date

Sep 16, 2024

Tolins Tyres Ltd IPO Dates

Sep 9, 2024

Opening date

Sep 11, 2024

Closing date

Sep 12, 2024

Basis of Allotment

Sep 13, 2024

Initiation of Refunds

Sep 13, 2024

Credit of Shares

Sep 16, 2024

Listing date

Details

Sector	Type
Sector	Tyres
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	5088495
NII	0x	1526549
Retail	0x	3561947
Employee	0x	0
Total	0x	10176991

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

5088495

1526549

3561947

10176991

Tolins Tyres Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	292.45	227.22	8.64
EBITDA	31.40	22.97	10.25
PAT	20.76	13.64	4.99
Total Assets	196.56	109.35	64.16
Share Capital	19.75	15.33	5.00
Total Borrowings	4.49	68.37	47.62
Operating Activities (Net Cash)	22.81	15.74	6.60
Investing Activities (Net Cash)	58.52	35.44	0.00
Financing Activities (Net Cash)	4.49	68.37	47.62
Net Cashflow	54.80	1.25	0.81

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.

Peer Comparison:

Indag Rubber Ltd
Vamshi Rubber Ltd
TVS Srichakra Ltd
GRP Ltd
Elgi Rubber Company Ltd

Tolins Tyres Ltd 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.

How To Apply for Tolins Tyres Ltd IPO Online?

Step 1:

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Tolins Tyres Ltd IPO?

Tolins Tyres Ltd's IPO offers shares for up to 200 It begins on Sep 9, 2024 and ends on Sep 11, 2024.

What is the price of the Tolins Tyres Ltd IPO?

The price of Tolins Tyres Ltd IPO ranges between ₹215 to ₹226 per share.

What are the open and close dates for the Tolins Tyres Ltd IPO?

The Tolins Tyres Ltd IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.

When will the Tolins Tyres Ltd IPO be allotted?

The allotment for the Tolins Tyres Ltd IPO will be finalised on Sep 12, 2024. The shares will be listed on BSE and NSE on Sep 16, 2024.

What is the minimum lot size required for Tolins Tyres Ltd IPO?

The minimum lot size for Tolins Tyres Ltd IPO is 66 shares, priced between ₹215 to ₹226 per share.

What is the GMP of Tolins Tyres Ltd IPO?

The GMP (Grey Market Premium) of Tolins Tyres Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Tolins Tyres Ltd IPO?

To check the allotment status of Tolins Tyres Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Tolins Tyres Ltd IPO getting listed?

The Tolins Tyres Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 9, 2024, and closes on Sep 11, 2024. The allotment is finalised on Sep 12, 2024.

How do you apply for the Tolins Tyres Ltd IPO?

To apply for the Tolins Tyres Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.