Tolins Tyres IPO subscription status started on September 09, 2024, and closed on September 11, 2024. The company aims to raise approximately ₹203.00 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹215 to ₹226 per equity share.
The IPO consists of a minimum market lot of 66 Shares requiring an application amount of ₹14,916. Tolins Tyres is a Mainboard IPO that will be listed on the NSE & BSE.
Table of contents
IPO Overview
Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company specializing in tyre retreading solutions. Consequently, the company serves both the Indian market and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
The company operates in two main verticals:
- Tyre Manufacturing
- Tread Rubber Manufacturing
As of March 31, 2024, Tolins Tyres Limited’s product range includes, for instance, Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres (OTR), Two-wheeler & Three-wheeler Tyres, Tyre Tubes & Tyre Flaps, Precured Tread Rubber (PCTR), Conventional Tread Rubber, Bonding Gum, Vulcanizing Solutions, Rope Rubber, and various other products. Specifically, the company manufactures a diverse array of products, including tyres for two-wheelers, three-wheelers, light commercial vehicles, and agricultural tyres, as well as tread rubber and accessories like bonding gum, tyre flaps, and vulcanizing solutions.
Moreover, as of March 31, 2024, Tolins Tyres Limited operates 8 depots and maintains a network of 3,737 dealers nationwide. The company runs three manufacturing facilities: two in Mattoor, Kalady, Kerala, and one in Al Hamra Industrial Zone, Ras Al Khaimah, UAE. Notably, the company offers 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category. Furthermore, it has achieved several quality certifications, including ISO 9001:2015 and IATF 16949:2016 from UK Certifications.
The company’s clientele includes prominent names such as Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip, among others.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Tolins Tyres IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.13 | 0.48 | 26.72 |
| NII | 0.88 | 4.35 | 28.80 |
| RII | 3.41 | 8.98 | 22.45 |
| Total | 1.93 | 5.56 | 25.03 |
Tolins Tyres IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Tolins Tyres
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Tolins Tyres Energy IPO Form
To apply for the Tolins Tyres, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 09, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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