Tolins Tyres IPO Important Dates, Price, GMP – September 9 is the date of Tolins Tyres IPO opening. In order to raise ₹230 crores, Tolins Tyres is a Mainline IPO. With 66 shares in the market, the Tolins Tyres IPO price range is set at ₹215 to ₹226. With a broad range of products, K.P. Varkey founded Tolins Tyres in 1982, and it has since grown to be a significant participant in India’s tire and tread market. They have become a leading supplier of tyre retreading solutions in India and have expanded their exports to forty other countries. They make new tires and tread rubber.
Tolins Tyres IPO Details
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹215 to ₹226 per share |
| Lot Size | 66 Shares |
| Total Issue Size | 10,176,992 shares
(aggregating up to ₹230.00 Cr) |
| Fresh Issue | 8,849,558 shares
(aggregating up to ₹200.00 Cr) |
| Offer for Sale | 1,327,434 shares of ₹5
(aggregating up to ₹30.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Tolins Tyres Financials
| FY 2024 | |
| Assets | 221.6 |
| Revenue | 228.69 |
| Profit After Tax | 26.01 |
| Net Worth | 100.53 |
| ROE | 25.87% |
| ROCE | 36.08% |
| Debt/Equity | 0.78 |
| RoNW | 25.87% |
| P/BV | 6.14 |
| PAT Margin (%) | 11.45 |
About the Company – Tolins Tyres
In July 2003, TolinsTyres Limited was established. The company has a vast range of products and is one of the top players in the market, with a presence throughout India. It is a company that operates in the tread rubber and new tire manufacturing areas. The business has made a name for itself as one of India’s leading suppliers of tire reading solutions, and it exports to 40 nations, including Egypt, Kenya, Jordan, and East Africa.
Two- and three-wheeler tires, light commercial vehicle and agricultural tires, pre-vulcanized tread rubbers, and additional accessories like adhesive tape, tire tabs, vulcanization solutions, etc. are among the company’s main offerings. They produce new tires and tread rubber, and they have become one of the leading suppliers of retread solutions in India, exporting to forty other countries. The company’s main products are bias tires for different kinds of cars, precured tread rubber, and supplementary items like tubes, bonding gum, vulcanizing solution, and tire flaps.
