Tolins Tyres IPO GMP, Price, Allotment, Profit Estimate 2024

Tolins Tyres IPO Description – Tolins Tyres specializes in producing a wide range of bias tyres tailored for various vehicles, including light commercial, agricultural, and two/three-wheeler types. Alongside these, they also manufacture pre-cured tread rubber and additional products like bonding gum, vulcanizing solution, tyre flaps, and tubes.

Tolins Tyres is a thriving and profitable company in the retreading and tyre manufacturing industry. Between Fiscal 2022 (standalone) and Fiscal 2024 (consolidated), the company’s Profit after Tax has impressively grown at a compound annual growth rate (CAGR) of 541.98%. The company has solidified its position as a leading tyre retreading solutions provider across India and exports its products to 40 foreign countries, including markets in the Middle East, East Africa, Jordan, Kenya, and Egypt.

As of 31 March 2024, the company operates a network of 8 depots and 3,737 dealers across India. Tolins Tyres runs its operations from three manufacturing facilities, with two located in Mattoor, Kalady, Kerala, and the third situated in the Al Hamra Industrial Zone in Ras Al Khaimah, UAE.

Promoters of Tolins Tyres – Dr. Kalamparambil Varkey Tolin, and Jerin Tolin

Tolins Tyres IPO Details

Tolins Tyres IPO Dates	9 – 11 September 2024
Tolins Tyres Issue Price	Coming soon
Fresh issue	INR 200 crore
Offer For Sale	INR 30 crore
Total IPO size	INR 230 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 5 per share
Retail Allocation	35%
Listing On	NSE, BSE

Tolins Tyres Financial Performance

	FY 2022*	FY 2023*	FY 2024
Revenue	113.37	118.25	227.22
Expenses	113.53	112.65	195.80
Net income	0.63	4.99	26.01
Margin (%)	0.56	4.22	11.45

Figures in INR Crores unless specified otherwise
* All Standalone Data

Tolins Tyres Offer News

Tolins Tyres Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	0.35	2.55	9.52	9.52
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	5.83	25.70	25.87
NAV	5.98	9.92	36.80
ROCE (%)	14.80	31.49	36.08
EBITDA (%)	5.37	10.37	20.41
Debt/Equity	4.51	2.42	0.78

*Compiled by IPO Central from Prospectus

Tolins Tyres IPO GMP Today (Daily Trend)

Tolins Tyres IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the company – INR 69.97 crore
Augmentation of long-term working capital requirements of the company – INR 75 crore
Investment in its 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 – INR 23.15 crore
General corporate purposes

Tolins Tyres IPO Subscription – Live Updates

Coming soon

Tolins Tyres – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Tolins Tyres	–	9.52	28.87	36.80	227.22
Indag Rubber	39.94	6.15	6.79	87.46	251.19
Vamshi Rubber	27.94	1.87	4.46	32.54	77.42
TVS Srichakra	33.76	140.98	9.70	1,451.55	2,926.00
GRP Ltd	24.07	169.78	13.58	1,250.57	461.38
Elgi Rubber Company	45.12	2.33	6.15	37.91	386.45

Tolins Tyres IPO Allotment Status

Tolins Tyres IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Tolins Tyres IPO Dates & Listing Performance

IPO Opening Date	9 September 2024
IPO Closing Date	11 September 2024
Finalization of Basis of Allotment	12 September 2024
Initiation of refunds	13 September 2024
Transfer of shares to demat accounts	13 September 2024
Tolins Tyres IPO Listing Date	16 September 2024
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Tolins Tyres Offer Lead Manager

SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com

Tolins Tyres Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91 44 4002 0700
Email: [email protected]
Website: www.cameoindia.com

TOLINS TYRES LIMITED
No. 1/47, M C Road, Kalady,
Ernakulam, Aluva – 683 574, Kerala, India
Phone: +91 72592 87215
Email: [email protected]
Website: www.tolinstyres.com

Tolins Tyres IPO FAQs

How many shares in Tolins Tyres IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Tolins Tyres Public Offer?

The best way to apply for Tolins Tyres public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.