Tolins Tyres IPO Alert: 10 Crucial Details You Must Know Before Investing

Tolins Tyres’ IPO is set to open soon. Here are 10 important things to know before you consider investing:

1. IPO Dates and Pricing
   • The Tolins Tyres IPO will be open for subscription from September 9, 2024, to September 11, 2024.
   • The price range for the shares is set between ₹215 and ₹226 each.
2. Subscription Details
   • You need to buy at least 66 shares, which will cost a minimum of ₹14,916.
   • The IPO will offer a total of 10,176,992 shares. Out of these, 8,849,558 shares are new, aiming to raise ₹200 crore. The remaining 1,327,434 shares are being sold by existing shareholders, raising up to ₹30 crore.
3. Listing Information
   • Allotment for the IPO is expected to be completed on September 12, 2024. Tolins Tyres will be listed on both the BSE and NSE, with a tentative listing date of September 16, 2024.
4. Purpose of the IPO
   • The IPO aims to raise ₹230 crore. This includes:
     • ₹30 crore from selling existing shares.
     • ₹200 crore from new shares.
   • The funds will be used to repay current debts, invest in a subsidiary, and support general corporate needs and working capital.
5. About Tolins Tyres
   • Tolins Tyres, established in 2003, is a tyre manufacturer. It sells products in 40 countries and offers tyre retreading services in India.
   • The company operates in two main areas: tyre production and tread rubber production.
6. Financials
   • In FY25, Tolins Tyres had revenues of ₹228.69 crore and a net profit of ₹100.53 crore.
   • The Return on Equity (RoE) was 25.87%, and the debt-to-equity ratio was 0.78 at the end of FY24.
7. Competitors
   • Some of Tolins Tyres’ competitors include Indag Rubber Ltd., Vamshi Rubber Ltd., TVS Srichakra Ltd., GRP Ltd., and Elgi Rubber Company Limited.
8. IPO Registrars and Managers
   • The IPO is managed by Cameo Corporate Services Limited, with Saffron Capital Advisors Private Limited as the lead manager.
9. Promoters
   • The promoters of Tolins Tyres are Jerin Tolin and Kalamparambil Varkey Tolin.
10. Grey Market Premium (GMP)
    • The Grey Market Premium (GMP) for Tolins Tyres is around +25. This means shares are trading ₹25 above the issue price. The market expects the stock to list at ₹251, which is 11.06% higher than the upper price band of ₹226.