Tirupati Tyres Rights Issue dates 25 Apr – 19 May 2025.
Tirupati Tyres is an Indian tyre manufacturer, established in 1988. The company operates in the automobile industry, producing a range of tyres designed to cater to diverse business segments. It emphasizes innovation aligned with changing technologies and customer preferences. The company also maintains a robust dealer network to provide comprehensive solutions to its customers
Headquartered in Mumbai, Maharashtra, Tirupati Tyres operates with a small team of approximately five employees. In recent years, Tirupati Tyres has reported modest revenues. For the fiscal year ending March 2024, the company achieved sales of approximately INR 0.41 crore, an increase from INR 0.29 crore in the previous year.
Promoters of Tirupati Tyres – Does Not have an Identifiable Promoter
Tirupati Tyres Rights Issue Details
| Tirupati Tyres Rights Issue Date | 25 Apr – 19 May 2025 |
| Tirupati Tyres Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,88,87,000 shares |
| Issue Size (in INR) | INR 48.89 crore |
| Issue Entitlement | 2 equity shares for every 1 equity share held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Tirupati Tyres Rights Issue Record Date | 17 April 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Tirupati Tyres Rights Issue Calculation
| Tirupati Tyres Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 8.89 per share |
| Dilution Factor (X) | 3 |
| Fair Value After Dilution at Prevailing Price | INR 9.63 per share |
Tirupati Tyres Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 26.46 | 28.97 | 40.87 |
| Expenses | 10.73 | 7.44 | 29.08 |
| Net Income | 15.73 | 21.53 | 8.84 |
Tirupati Tyres Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet Working Capital Requirements
- General corporate purposes
Tirupati Tyres Rights Offer Documents
Tirupati Tyres Rights Issue Dates
| Rights Issue Approval Date | 10 April 2025 |
| Rights Issue Record Date | 17 April 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 25 April 2025 |
| Last Date for Market Renunciation | 13 May 2025 |
| Rights Issue Closing Date | 19 May 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Tirupati Tyres Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi, Delhi– 110020, India
Phone: +011-40450193-197
Email: [email protected]
Website: www.skylinerta.com
TIRUPATI TYRES LIMITED
Unit No 606, Reliables Pride, Anand Nagar,
opp Heera Panna, Jogeshwari West, Mumbai,
Jogeshwari West, Maharashtra, India, 400102
Phone: 022-26204220
Email: [email protected] ; [email protected]
Website: www.tirupatityres.com
Tirupati Tyres Rights Offer FAQs
What is the Tirupati Tyres Rights Issue Price?
The issue price is INR 10 per share.
What is the Tirupati Tyres Rights Issue entitlement ratio?
The eligible shareholders are offered 2 equity shares for every 1 equity share held on the record date.
What is the Tirupati Tyres Rights Issue Record Date?
The Record date is 17 April 2025.
How to Apply in Tirupati Tyres Rights Offer?
The best way to apply in Tirupati Tyres Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
