Tolins Tyres Limited IPO: Analysis, GMP & Subscription Status
Introduction
Tolins Tyres Limited, a prominent player in the tyre manufacturing sector, is set to launch its Initial Public Offering (IPO) on September 9, 2024. The IPO offers a mix of fresh issues and an offer for sale (OFS) to raise funds for the company’s expansion and general corporate purposes. This blog provides all the essential details, including the price band, lot size, financial performance, Grey Market Premium (GMP), and subscription stats.
Tolins Tyres Limited IPO Details
- Price Band: ₹215 to ₹226 per share
- Face Value: ₹5 per share
- Lot Size: 66 Shares
- Total Issue Size: 10,176,992 shares, aggregating up to ₹230.00 Crores
- Fresh Issue: 8,849,558 shares, aggregating up to ₹200.00 Crores
- Offer for Sale: 1,327,434 shares, aggregating up to ₹30.00 Crores
- Listing At: BSE, NSE
- Issue Type: Book Built Issue IPO
- Shareholding Pre-Issue: 30,659,272 shares
- Shareholding Post-Issue: 39,508,830 shares
Important Dates for Tolins Tyres Limited IPO
- IPO Open Date: Monday, September 9, 2024
- IPO Close Date: Wednesday, September 11, 2024
- Basis of Allotment: Thursday, September 12, 2024
- Initiation of Refunds: Friday, September 13, 2024
- Credit of Shares to Demat: Friday, September 13, 2024
- Listing Date: Monday, September 16, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on September 11, 2024
Financial Performance of Tolins Tyres Limited
Here is the updated financial summary for Tolins Tyres Limited, covering the fiscal years FY24, FY23, and FY22:
| Particulars |
FY24 |
FY23 |
FY22 |
| Assets (₹ in Lakhs) |
2,215.98 |
838.24 |
991.42 |
| Revenue (₹ in Lakhs) |
2,286.93 |
1,196.79 |
1,143.86 |
| Profit After Tax (₹ in Lakhs) |
260.06 |
49.92 |
6.31 |
| Net Worth (₹ in Lakhs) |
1,005.33 |
194.23 |
108.25 |
| Reserves and Surplus (₹ in Lakhs) |
852.03 |
144.23 |
94.25 |
| Total Borrowing (₹ in Lakhs) |
787.72 |
470.29 |
488.72 |
These figures reflect the company’s steady financial growth, driven by increased revenue and profit margins over the years.
Objectives of the IPO
The proceeds from the IPO will be used for:
- Expanding the company’s production capacity.
- Upgrading existing manufacturing facilities.
- Enhancing working capital and supporting general corporate purposes.
Tolins Tyres IPO Grey Market Premium (GMP) and Subscription Stats
IPO Grey Market Premium (GMP)
| Date |
GMP (₹ per share) |
| September 9, 2024 |
₹38 |
| September 10, 2024 |
₹39 |
| September 11, 2024 |
₹30 |
The Grey Market Premium (GMP) will be updated daily, reflecting investor sentiment in the unofficial market.
IPO Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Total Subscription |
| Day 1 (Sept 9) |
0.13 |
0.88 |
3.41 |
1.93 |
| Day 2 (Sept 10) |
0.48 |
4.32 |
8.98 |
5.56 |
| Day 3 (Sept 11) |
26.72 |
28.80 |
22.45 |
25.03 |
These subscription statistics will be updated daily to reflect investor demand.
Risks Involved
Investing in the Tolins Tyres IPO involves several risks. As a tyre manufacturing company, Tolins is susceptible to fluctuations in raw material prices, changes in market demand, and competition from established global brands. Moreover, regulatory changes and environmental policies could impact future growth. Investors should carefully consider these risks and consult financial advisors before making any investment decisions.
How to Apply for Tolins Tyres Limited IPO
Investors can apply for Tolins Tyres Limited IPO through the ASBA process (Application Supported by Blocked Amount) or via UPI (Unified Payments Interface). Retail investors can apply in lots of 66 shares and in multiples thereof.
Conclusion
The Tolins Tyres Limited IPO offers investors a unique opportunity to invest in a rapidly growing company within the automotive sector. With its strong financial performance and strategic expansion plans, Tolins Tyres is poised for continued growth. However, investors should thoroughly research the company’s financials and consider the risks before investing.
Headlines
- Tolins Tyres Limited IPO 2024: Key Dates, Financials, and How to Apply
- Tolins Tyres Limited IPO Grey Market Premium (GMP), Subscription Stats, and More
- Complete Guide to Tolins Tyres Limited IPO: Financials and Key Details
- How to Apply for Tolins Tyres Limited IPO: Important Dates and Lot Size
- Tolins Tyres Limited IPO 2024: A Closer Look at Financials and Growth Prospects
- Tolins Tyres IPO: Risks, Subscription Status, and How to Invest
- Tolins Tyres Limited IPO Grey Market Premium and Investor Sentiment