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Tolins Tyres Ltd. IPO
Tolins Tyres Ltd., established in 2003, operates in the Tyres & Tubes sector. The company's IPO opened on September 9, 2024 and closed on September 11, 2024, with an issue price of ₹226. The Tolins ... Read more
IPO Timeline
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9 Sep 2024Bidding Starts
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11 Sep 2024Bidding Ends
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12 Sep 2024Allotment Finalization
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16 Sep 2024Listing
About Tolins Tyres Ltd.
We are a company present in both verticals – manufacturing of new tyres and tread rubber. We are primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. We also manufacture ancillary products like ... Read more
Tolins Tyres Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 30,53,097 (30%) |
| Non Institutional Investors | 15,26,549 (15%) |
| Qualified Institutional Buyers (QIBs) | 20,35,399 (20%) |
| Retail Individual Investors (RIIs) | 35,61,947 (35%) |
Tolins Tyres Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2023 | 118.75 Cr | 4.75 Cr | 13.72 Cr |
| 31 Mar 2022 | 114.23 Cr | 55.31 Lakh | 8.97 Cr |
| 31 Mar 2021 | 106.09 Cr | 39.44 Lakh | 8.41 Cr |
Tolins Tyres Ltd. Background
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2003Incorporated as a private limited company
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2005Commencement of precured tread rubber production
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2007First Capexil Export Award received from Government of India
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2008Executed Company’s first direct export order bill of lading
Started manufacturing tyres for light commercial vehicles
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2011Company accredited by Standards Organisation of Nigeria (SONCAP) - A product certification for exporting to Nigeria
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2012Received certificate from U.S. Department of Transportation for meeting requirements of its federal system standards
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2015Started manufacturing of tyres for two/three wheelers
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2016Secured Bureau of Indian Standards Certification for two & three-wheeler
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2017Secured Bureau of Indian Standards Certification for light commercial vehicle tyres
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2018Started sales depot in Pune (Maharashtra)
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2019Started sales depot in Kerala
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2021Started sales depot in Vijayawada (Andhra Pradesh), Delhi, Raipur (Chhattisgarh) and Guwahati (Assam)
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2022Acquired plant & machinery in tranches to expand capacity of TTL Facility
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2023Integrated the acquired machinery with the existing TTL Facility to increase the manufacturing capacity to 5,000 tyres/day
Acquired two wholly owned subsidiaries, namely Tolin Rubbers Private Limited having its registered office in Kerala, Kalady and Tolins Tyres LLC (One Person) having its registered office in Ras- Al – Khaimah, UAE vide respective share purchase agreements
Geographical penetration of our products to Middle East & Africa Region
Received E 32 certification mark from Road Traffic Safety Directorate, Europe for meeting its safety and performance standards
Conversion from private limited to public limited company and consequent change of name from ‘Tolins Tyres Private Limited’ to ‘Tolins Tyres Limited’
1. Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company
2. Augmentation of long-term working capital requirements of our Company
3. 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
4. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 226.00 | ₹ 226.00 |
| Open | ₹ 227.00 | ₹ 228.00 |
| Low | ₹ 226.50 | ₹ 227.50 |
| High | ₹ 238.30 | ₹ 239.40 |
| Last Trade | ₹ 238.30 | ₹ 239.40 |
1. Dr. Kalamparambil Varkey Tolin
2. Jerin Tolin
The domestic tyre industry is expected to expand in the coming years owing to higher demand for vehicles. With automobile sector growing, demand for replacement tyres is also increasing. Moreover, increasing acceptance of Indian tyres in the overseas markets is leading to a sharp growth in tyre ... Read more
Phone no:7259287215
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2. Augmentation of long-term working capital requirements of our Company
3. 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
4. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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