The Tolins Tyres Initial Public Offering (IPO) is set to launch on September 9, 2024, and will be open for subscription until September 11, 2024. This IPO presents an exciting opportunity for investors, as the company aims to raise ₹230 crores, with a fresh issue of ₹200 crores and an offer for sale of 1,327,434 equity shares. The price band for the IPO is ₹215 to ₹226 per share, and the face value of each share is ₹5.
Tolins Tyres IPO will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with the listing date scheduled for September 16, 2024. Investors interested in this IPO can refer to the retail, Qualified Institutional Buyers (QIB), and High Net-worth Individual (HNI) quotas, which are set at 35%, 50%, and 15%, respectively.
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Tolins Tyres IPO Details
| Category | Details |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹215 to ₹226 Per Share |
| Issue Size | Approx ₹230 Crores |
| Fresh Issue | Approx ₹200 Crores |
| Offer for Sale | 1,327,434 Equity Shares |
| Market Listing | BSE & NSE |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| HNI Quota | Up to 15% |
| Official Website | Tolins Tyres |
Market Lot Details for Tolins Tyres IPO
Tolins Tyres IPO has specific lot sizes for different categories of investors. The minimum market lot for retail investors is 66 shares, which requires an application amount of approximately ₹14,916. Retail investors can apply for up to 13 lots, amounting to 858 shares or ₹193,908.
| Investor Category | Lot Size | Number of 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 | 4,488 | ₹1,014,288 |
Important Dates for Tolins Tyres IPO
Key dates associated with Tolins Tyres IPO are listed below for reference:
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Basis of Allotment: September 12, 2024
- Refund Initiation Date: September 13, 2024
- Credit to Demat Accounts: September 13, 2024
- IPO Listing Date: September 16, 2024
About Tolins Tyres: Company Overview
Tolins Tyres was established in 1982 and has become a leading name in the Tyre & Treads industry in India. The company is involved in manufacturing bias tyres, precured tread rubber, and related products like tyre flaps, bonding gum, and vulcanizing solutions. Tolins Tyres also serves the retreading solutions market in India and exports its products to over 40 countries.
With its operations spread across two facilities in India and one in the UAE, Tolins Tyres has successfully cemented its reputation in the industry. The company’s focus on innovation and quality has helped it achieve significant market share and growth over the years.
Financial Performance of Tolins Tyres
Tolins Tyres reported a revenue of ₹228.69 crores in the fiscal year 2024 and recorded a profit of ₹26.01 crores. The company’s financial metrics highlight its robust performance, making it an attractive investment option for those seeking long-term growth.
| Financial Metrics | Value (₹ in Crores) |
|---|---|
| Revenue | ₹228.69 |
| Expense | ₹195.80 |
| Profit After Tax | ₹26.01 |
| Assets | ₹221.60 |
Key Performance Indicators
- Return on Equity (ROE): 25.87%
- Return on Capital Employed (ROCE): 36.08%
- EBITDA Margin: 20.41%
- PAT Margin: 11.45%
- Debt to Equity Ratio: 0.78
- Earnings Per Share (EPS): ₹9.52
Tolins Tyres vs. Peer Group
To better understand Tolins Tyres’ position in the market, here is a comparison with its peers in the industry:
| Company | EPS | P/E Ratio | RoNW % | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| Indag Rubber Limited | 6.15 | 39.94 | 6.79% | 87.46 | ₹251.19 Cr |
| Vamshi Rubber Limited | 1.87 | 27.94 | 4.46% | 32.54 | ₹77.42 Cr |
| TVS Srichakra Limited | 140.98 | 33.76 | 9.70% | 1451.55 | ₹2926.0 Cr |
| GRP Ltd | 169.78 | 24.07 | 13.58% | 1250.57 | ₹461.38 Cr |
| Elgi Rubber Company Limited | 2.33 | 45.12 | 6.15% | 37.91 | ₹386.45 Cr |
Objectives of Tolins Tyres IPO
The primary objectives of the Tolins Tyres IPO include:
- Repayment and prepayment of certain outstanding loans.
- Augmentation of working capital for long-term growth.
- Investment in Tolin Rubbers Private Limited, the company’s subsidiary, to support its borrowing needs and working capital.
- General corporate purposes, ensuring the company remains competitive and continues to expand.
How to Apply for Tolins Tyres IPO
Investors can apply for the Tolins Tyres IPO through ASBA (Application Supported by Blocked Amount), which is available through bank accounts and UPI applications. Additionally, investors can also apply through stock brokers by filling out the necessary forms either online or offline.
FAQs
What is the price band for Tolins Tyres IPO?
Price band for Tolins Tyres IPO is set between ₹215 and ₹226 per share.
How can I apply for Tolins Tyres IPO?
You can apply for the IPO via ASBA (Application Supported by Blocked Amount) through your bank account or through UPI using your stockbroker’s platform. You can also fill out the application forms offline through stockbrokers. For example Upstox
Final Words
Tolins Tyres IPO offers an enticing investment opportunity backed by the company’s long standing presence in the tyre industry, solid financial performance, and growth potential. Investors seeking a stake in a dynamic company with global reach may find this IPO worth considering for long-term gains.
