Tolins Tyres IPO Details
| IPO Size | 230 |
| Price Range | ₹215 - ₹226 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 66 |
| Investment (cut-off price) | ₹14,916 |
| Pre IPO Promotor Holding | 92.64% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Tolins Tyres IPO Timelines
09/09/2024
Start Date11/09/2024
End Date13/09/2024
Refund Initiation13/09/2024
Credit of Shares to Demat Ac16/09/2024
Listing DateTolins Tyres IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 66 | ₹14,916 |
| Retail Maximum | 13 | 858 | ₹193,908 |
| S-HNI Minimum | 14 | 924 | ₹208,824 |
| B-HNI Minimum | 68 | 4488 | ₹1,014,288 |
Tolins Tyres IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 26.72 x | 28.80 x | 22.45 x | -- | 25.03 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹228 | ₹239.40 | ₹239.4 | ₹227.50 |
Tolins Tyres IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2024 | ₹228.69 | ₹195.80 | ₹26.01 |
About Company
Tolins Tyres Limited, incorporated in 2003, is a prominent tyre manufacturing company based in India. It specialises in tyre retreading solutions and exports its products to over 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. Tolins Tyres operates through two primary verticals: tyre manufacturing and tread rubber manufacturing.
As of March 31, 2024, the company’s diverse product portfolio includes light commercial vehicle tyres, off-road/Agriculture tyres, two-wheeler and three-wheeler tyres, tyre tubes, tyre flaps, precured tread rubber, conventional tread rubber, bonding gum, vulcanising solutions, rope rubber, and more. These products are manufactured across three facilities, two of which are located in Mattoor, Kalady, Kerala, and one in the Al Hamra Industrial Zone, Ras Al Khaimah, UAE.
Tolins Tyres boasts an extensive distribution network with 8 depots and 3,737 dealers across India. The company offers 163 SKUs in the tyre category and 1,003 SKUs in the tread rubber category, all backed by quality certifications like ISO 9001:2015 and IATF 16949:2016.
The company’s client base includes Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip. With a sales and marketing team of 55 employees, Tolins Tyres continues to innovate, developing 163 new designs and products by March 31, 2024.
Industry Outlook:
- The India tyre market is projected to grow from 196.3 million units in 2023 to 253.9 million units by 2032, with a CAGR of 3%.
- Rising automobile production and increasing income levels are key drivers for the tyre market, which is expected to reach 253.9 million units by 2032.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2003 | Tyres | Kalamparambil Varkey Tolin |
Know Before Investing
Tolins Tyres IPO Strengths
- Diversified product range with 1,166 SKUs across tyre and rubber categories.
- Strong quality assurance with ISO 9001:2015 and IATF 16949:2016 certifications.
- Extensive dealer network with 3,737 dealers and 8 depots nationwide.
- In-house R&D center, developing 163 new designs in FY 2024.
- Integrated manufacturing with three facilities in India and UAE.
- Long-standing relationships with major OEMs and global customers.
Tolins Tyres IPO Risks
- Dependence on 261 suppliers, with top 10 contributing 98%.
- Volatile raw material prices impacting profit margins and costs.
- Manufacturing facilities operating at low utilisation rates, below 50%.
- Reliance on OEM sales, contributing 5.06% of total revenue.
- Exposure to product liability risks with 311 claims in 2024.
- High working capital requirements with finance costs of ₹115.80 million.
Swot Analysis for Tolins Tyres IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Tolins Tyres Limited
No. 1/47, M C Road
Kalady, Ernakulam
Aluva – 683574
Phone: +917259287215
Email: [email protected]
Website: https://www.tolinstyres.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Tolins Tyres IPO are:
- Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the company.
- Augmentation of long-term working capital requirements of the company.
- Investment in our wholly owned subsidiary, Tolin Rubbers Private Limited, to repay and/or prepay, in full, certain of its short-term and long-term borrowings and augmentation of its working capital requirements.
- General corporate purposes
- Saffron Capital Advisors Pvt Ltd
are the book-running lead managers for the Tolins Tyres IPO.