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IPO Status: Listed [9th Sep 2024 to 11th Sep 2024]
Tolins Tyres IPO, a Mainline IPO of ₹230.00 Cr was launced on 09-09-2024 to 11-09-2024 and the shares got listed on BSE, NSE on 16-09-2024.
The public issue of Tolins Tyres IPO (TOLINS,544254) was offered at ₹226.00 per share and the ipo was listed at ₹228.00. It has delivered listing gain of 0.88%.
As the minimum lot size was 66 shares, the IPO has offered Rs 132.00 per lot return on listing.
| IPO Issue Opening Date: | 9th Sep 2024 |
| IPO Issue Closing Date: | 11th Sep 2024 |
| IPO Issue Price: | ₹215.00-226.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹230.00 Cr |
| Offer for Sale: | ₹30.00 Cr |
| Fresh Issue: | ₹200.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.64% |
| Promoter Holding Post IPO: | 68.53% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544254 |
| NSE Code: | TOLINS |
Get important updates regarding Tolins Tyres IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Sep 2024 |
| Refunds Initiation* | 13th Sep 2024 |
| Credit of Shares to Demat* | 13th Sep 2024 |
| IPO Listing Date* | 16th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹215.00-226.00 |
| Market Lot: | 66 Shares |
| 1 Lot Amount: | ₹14916 |
| Min Small HNI Lots(2-10 Lakh): | 924 shares (14 lots) - ₹208824 |
| Min Big HNI Lots(10+ Lakh): | 4488 shares (68 lots) - ₹1014288 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-09-2024 | 226.00 | 30 | 1500/21000 | ₹256 (13.27%) | 16-Sep-2024 10:27 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
TolinsTyres Limited was founded in July 2003. The company is one of the leading players in the industry with an India-wide presence and a diverse product range. It is one of the companies present in both segments – manufacturing of new tyres and tread rubber. The company has established itself as a major provider of tyre reading solutions across India and exports to 40 countries including the Middle East, East Africa, Jordan, Kenya and Egypt.
The company's key products include two-wheeler, three-wheeler, light commercial vehicle and agricultural tyres, pre-vulcanised tread rubbers and other accessories such as adhesive tape, tyre tabs, vulcanization solutions, etc.
The company primarily manufactures bias-ply tyres for a wide range of vehicles (including light commercial vehicles, agricultural vehicles and two/three-wheelers) and pre-vulcanised tread rubbers and is also involved in the production of ancillary products such as adhesive tape, vulcanization solutions, tyre flaps and tubes.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Rubber | ₹230.00 Cr | https://www.tolinstyres.com/ |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from BSE, NSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,035,398 (28.57%) | 1,526,549 (21.43%) | 3,561,947 (50%) | 7,123,894 | |
| 1 | 9th Sep 2024 19:04 | 0.13x | 0.88x | 3.41x | 1.93x |
| 2 | 10th Sep 2024 19:04 | 0.48x | 4.32x | 8.98x | 5.56x |
| 3 | 11th Sep 2024 18:21 | 26.72x | 28.80x | 22.45x | 25.03x |
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 221.6 | |||||||||
| Revenue | 228.69 | |||||||||
| Profit After Tax | 26.01 | |||||||||
| Net Worth | 100.53 | |||||||||
| Reserves and Surplus | 85.07 | |||||||||
| Total Borrowing | 78.77 | |||||||||
| Amount in ₹ Crore | ||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Tolins Tyres Limited | 9.52 | 9.52 | 36.8 | 25.87 | Consolidated | |
| Indag Rubber Ltd. | 6.15 | 6.15 | 87.46 | 39.94 | 6.79 | Consolidated |
| Vamshi Rubber Ltd. | 1.87 | 1.87 | 32.54 | 27.94 | 4.46 | Standalone |
| Tvs Srichakra Ltd. | 140.98 | 140.98 | 1451.55 | 33.76 | 9.7 | Consolidated |
| Grp Ltd. | 169.78 | 169.78 | 1250.57 | 24.07 | 13.58 | Consolidated |
| Elgi Rubber Company Limited | 2.33 | 2.33 | 37.91 | 45.12 | 6.15 | Consolidated |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tolins Tyres IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tolins Tyres IPO with Zerodha.
Alternate approch to apply in Tolins Tyres IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Tolins Tyres IPO Review and Important Updates
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To subscribe or apply in Tolins Tyres IPO, you can use the following methods:
| Tolins Tyres IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Tolins Tyres IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Tolins Tyres IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Tolins Tyres IPO. Most of the Syndicate Banks provide access to apply in Tolins Tyres IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tolins Tyres IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Tolins Tyres IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Tolins Tyres IPO Review and Important Updates
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Applying in Tolins Tyres IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Tolins Tyres IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Tolins Tyres IPO, please refer article >> Link
Tolins Tyres IPO Review and Important Updates
Steps to download the online application form for Tolins Tyres IPO
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Tolins Tyres IPO is going to be list on 16-09-2024. NSE Code for Tolins Tyres is TOLINS. BSE Code for Tolins Tyres is 544254.
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Tolins Tyres IPO Allotment Date is 12-09-2024.
Other relevant questions:
Tolins Tyres IPO share allotment date?Tolins Tyres IPO allotment date?
