₹ 14916
₹215- ₹226
66
₹228
1
11 Sep 2024
Download13 Sep 2024
16 Sep 2024
Application Details
Tolins Tyres IPO is scheduled to open on September 9, 2024, and close on September 11, 2024. The IPO will feature shares with a face value of ₹5 each, offered within a price band of ₹215 to ₹226 per share. Investors can apply in lots, with each lot consisting of 66 shares. The total issue size of the IPO is 10,176,992 shares, amounting to ₹230.00 crore. This includes a fresh issue of 8,849,558 shares, aggregating up to ₹200.00 crore, and an offer for sale of 1,327,434 shares, aggregating up to ₹30.00 crore.
Key dates in the IPO timetable include the basis of allotment on September 12, 2024, followed by the initiation of refunds and credit of shares to demat accounts on September 13, 2024. The shares are expected to be listed on the stock exchange on September 16, 2024.
For retail investors, the minimum application is for one lot, which consists of 66 shares amounting to ₹14,916. The maximum application allowed for retail investors is 13 lots, totaling 858 shares and amounting to ₹1,93,908.
About Tolins Tyres Limited
Company Overview
Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company based in Kerala, India. Initially established as Tolins Tyres Pvt. Ltd by K.P. Varkey in 1982, the company transitioned to a public limited entity in January 2024. It is a prominent player in the tyre and tread sector, providing tyre retreading solutions and exporting to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
Business Verticals
Tolins Tyres operates in two primary verticals: tyre manufacturing and tread rubber manufacturing. The company focuses primarily on manufacturing bias tyres for various vehicles and precured tread rubber, along with ancillary products such as bonding gum, vulcanizing solutions, tyre flaps, and tubes. Its product range includes Light Commercial Vehicle Tyres, Off Road/Agricultural Tyres, Two-wheeler & Three-wheeler Tyres, Tyre Tubes, and Tyre Flaps.
Manufacturing Facilities and Capacity
Tolins Tyres operates three strategically located manufacturing facilities—two in Mattoor, Kalady, Kerala, and one in Al Hamra Industrial Zone in Ras Al Khaimah, UAE. The company boasts a consolidated capacity of 1.51 million tyres, 12,486 tons of tread rubber, and 17,160 tons of rubber compound across the company and its subsidiaries. This infrastructure allows Tolins Tyres to be integrated backward with raw materials, design, process engineering, casting, and machining capabilities.
Sales and Distribution Network
Tolins Tyres markets and sells its products under the “Tolins Tyres” brand through a robust distribution network comprising 8 depots and 3,737 dealers nationwide. This extensive sales network ensures wide market reach and accessibility, allowing the company to serve domestic and international markets effectively.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.