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.

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50years

Tolins Tyres Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 101.77 L₹ 13.27 L₹ 35.62 L₹ 284.01 LBSE₹ 230 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
09 Sep, 2411 Sep, 2466 ₹ 14,190 Book Building16 Sep, 24

Tolins Tyres Ltd IPO Dates

  • 09 Sep 2024

    Opening date

  • 11 Sep 2024

    Closing date

  • 12 Sep 2024

    Basis of
    Allotment

  • 13 Sep 2024

    Initiation of
    Refunds

  • 13 Sep 2024

    Credit of
    Shares

  • 16 Sep 2024

    Listing date

Details

SectorType
SectorTyres
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB10.69x508849554383274
NII28.81x152654943984578
Retail22.62x356194780558676
Employee0x00
Total17.58x10176991178926528

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)FY23FY22FY21
Revenue from operations8.642.822.87
EBITDA10.254.784.83
PAT4.990.630.77
Total Assets64.1678.2467.41
Share Capital5.001.400.90
Total Borrowings47.6263.3658.80
Operating Activities (Net Cash)6.602.592.73
Investing Activities (Net Cash)0.00-8.18-6.85
Financing Activities (Net Cash)47.6263.3658.80
Net Cashflow0.811.170.72

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.

Get your FAQs right

Tolins Tyres Ltd's IPO offers shares for up to ₹ 0 L It begins on Sep 9, 2024 and ends on Sep 11, 2024.

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

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

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.

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

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

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.'

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.

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.