Tolins Tyres Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹215 - ₹226
- Lot size
- 66 shares
- Issue amount
- ₹230 cr
- Total subscription
- 25.12×
- Opens
- 9 Sept 2024
- Closes
- 11 Sept 2024
- Allotment
- 12 Sept 2024
- Listing
- 16 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 1,01,76,991 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,190
- Fresh issue
- ₹200 cr
- Offer for sale
- ₹30 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,916
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,06,59,272
- Shares after issue
- 3,95,08,830
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 66 | ₹14,916 |
| sHNI | 14 | 924 | ₹2,08,824 |
| bHNI | 68 | 4,488 | ₹10,14,288 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 1,101 | 5,902 |
| HNIs (2-10L) | 551 | 17,740 |
| RETAIL | 53,969 | 13,52,724 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 46 | 1,229.06 |
| RETAIL | 80.5 | 1,820.63 |
| NIB | 34.5 | 994.05 |
| HNIs 2+ | 11.5 | 387.05 |
| HNIs 10+ | 23 | 607.01 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0 |
| ROE | 25.87 |
| ROCE | 36.08 |
| RONW | 25.87 |
| PRE IPO(PE) | 26.64 |
| POST IPO(PE) | 34.33 |
Values and labels as reported in the issue data.
Company information
Company profile
Tolins Tyres Limited, incorporated in 2003, is a leading tyre manufacturing and retreading company in India with a strong export presence across 40 countries, including regions in the Middle East and Africa. The company operates through two core verticals—tyre manufacturing and tread rubber production—offering a wide range of products such as tyres for light commercial vehicles, off-road/agriculture use, two- and three-wheelers, along with tyre tubes and tread rubber products like Precured Tread Rubber (PCTR) and conventional tread rubber. It also manufactures related accessories, including bonding gum, tyre flaps, and vulcanizing solutions. Tolins runs three manufacturing facilities—two in Mattoor, Kalady, Kerala, and one in Ras Al Khaimah, UAE—supported by 8 depots and a nationwide network of 3,737 dealers. As of March 31, 2024, its portfolio includes 163 tyre SKUs and 1,003 tread rubber SKUs, with significant in-house development of new designs and moulds. The company holds ISO 9001:2015 and IATF 16949:2016 certifications and serves reputed clients such as Marangoni GRP and KAMCO, backed by a dedicated sales and marketing team of 55 members.
Strengths
- Wide Product Range: Tolins Tyres Limited offers 163 types of tyres and 1,003 types of tread rubber , providing solutions for various needs and customized options.
- Certified Quality: The company holds top certifications like ISO 9001:2015 , IATF 16949:2016 , BIS , DOT (USA) , and E Mark E32 (Europe) , ensuring high-quality products that meet global standards.
- Strong Distribution Network: With 8 depots and 3,737 dealers across India, Tolins ensures seamless distribution and support for both OEMs and retail dealers .
Risk factors
- Raw Material Supply Risks: The company depends on a few suppliers for essential materials like natural rubber and carbon black. Without long-term supply contracts, price changes or delivery delays could affect production and profits.
- Dependence on OEM Customers: A large part of the company's sales comes from selling agricultural tyres to vehicle manufacturers (OEMs). If demand from these manufacturers drops or the industry changes, it could hurt the business.
- Manufacturing Facility Dependence: The company mainly produces its products in two locations – Kalady (Kerala, India) and Ras Al Khaimah (UAE). Any problems or shutdowns at these facilities could seriously affect operations and revenue.
Promoters
Kalamparambil Varkey Tolin
Jerin Tolin
Registrar & documents
Lead manager
Saffron Capital Advisors Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 1/47, M C Road, Kalady, Ernakulam, Aluva - 683574
+91725928721
[email protected]Company website ↗Understanding TOLINS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.