₹ 14916 / 66 shares
IPO Details
RHP/DRHPIssue Date
09 Sep - 11 Sep'24
Investment/lot
₹ 14916
Price Range
215 - 226
Lot Size
66
IPO Size
₹ 230.00 Cr
IPO Listing Details
Listing On
16 Sep'24
Issue Price
226
Listed Price
₹ 228
Retail Gain/Listing Gain
▲0.44%
IPO Timeline
Tolins Tyres Company Background
Tolins Tyres Limited is a major tyre re-treading solutions provider across India. The company exports its products to 40 foreign countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
The company produces tyres for two-wheelers, three-wheelers, light commercial vehicles and agricultural equipment, pre-cured tread rubber and other accessories including bonding gum, tyre flap, vulcanizing solutions, etc.(Source: Company Commissioned CRISIL Report).
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Tolins Tyres Competitive Strengths
Diversified Product Range and Customised Product Offering
Products that adhere to various quality standards
Long standing relationship with large OEMs, dealer networks and Depots
Risk Factors
- They do not have any long-term contracts with their suppliers
- They depend on OEM customers for the sale of a significant portion of agricultural tyres. If the company is unable to maintain their relationship with OEM customers, it will hurt their business.
- All facilities and operations are currently concentrated in Kalady, Kerala and Ras Al Khaimah, UAE. Any disruption in manufacturing at, or temporary or permanent shutdown of, their manufacturing facilities can hurt their business.
Key Strategies
- Optimally utilise their production capacity of 1.51 million per annum tyre capacity, 12,486 tons per annum tread rubber and 17,160 tons per annum of rubber compounds
- Expand reach of domestic markets through collaboration with OEMs in India, and by tapping the untapped regions in the domestic market
- Expand product range by introducing new products and product range
Tolins Tyres Limited Key Financials
Here are the key financials for Tolins Tyres Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Tolins Tyres Ltd IPO?
Here are the steps to apply for Tolins Tyres Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Tolins Tyres Ltd IPO FAQs
When is Tolins Tyres Ltd IPO listing date?
Tolins Tyres Ltd IPO will list on 2024-09-16.
What is the issue size of Tolins Tyres Ltd IPO?
230.00 is the issue size of Tolins Tyres Ltd IPO.
What is the minimum lot size required for Tolins Tyres Ltd IPO?
The minimum lot size is 66 shares and the investment required is ₹14916.
What is the price band of the Tolins Tyres Ltd IPO?
The price band of Tolins Tyres Ltd IPO is ₹215 to ₹226.
Where can I read more about Tolins Tyres Ltd business?
You can read more about Tolins Tyres Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Tolins Tyres Limited IPO?
The Tolins Tyres Limited IPO has an issue size of ₹230 crores. The IPO opens for subscription on 9/9/2024 and closes on 11/9/2024.
Who is the Registrar for Tolins Tyres Limited IPO?
Cameo Corporate Services Limited is the registrar for this IPO.
