Tolins Tyres IPO
Tolins Tyres IPO — date, price band, lot size & details 2024
Tolins Tyres listed on 16 Sep 2024 at ₹228, 0.9% above the ₹226 issue price.
Tolins Tyres makes bias tyres for light commercial, farm and two and three-wheeler vehicles, and precured tread rubber. Its total income was Rs 228.69 crore in FY2024.
Stock price
Tolins Tyres is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 09 Sep 2024
- Close 11 Sep 2024
- Allotment 12 Sep 2024
- Refund/credit 13 Sep 2024
- Listing 16 Sep 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 Sep, 2024 |
|---|---|
| Price Band | ₹215 – ₹226 |
| Face Value | ₹5 |
| Lot Size | 66 Shares |
| Issue Size | ₹230 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 14,916 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 66 shares at the ₹226 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 66 | ₹14,916 |
| Retail (max) | 13 | 858 | ₹1,93,908 |
| S-HNI (min) | 14 | 924 | ₹2,08,824 |
| S-HNI (max) | 67 | 4,422 | ₹9,99,372 |
| B-HNI (min) | 68 | 4,488 | ₹10,14,288 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 119.68 crore in FY2023 to Rs 228.69 crore in FY2024.
- 02Profit after tax rose from Rs 4.99 crore in FY2023 to Rs 26.01 crore in FY2024.
- 03Rs 200.00 crore of the issue was fresh capital for working capital and debt repayment.
- 04The pre-issue P/E was 26.64 at the upper band of Rs 226, based on EPS of Rs 8.48.
- 05The source puts return on net worth at 25.87%.
Risks · 5
- 01Profit was very low in FY2022, at Rs 0.63 crore, so recent gains are new.
- 02FY2024 figures are consolidated while earlier years are standalone, so comparisons are not like for like.
- 03Rubber prices drive costs, and bias tyres face pressure from radial tyres. Borrowing was Rs 78.77 crore.
- 04Rs 30.00 crore of the issue was offer for sale by the promoters.
- 05Promoters held 92.64% before the issue and 68.53% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Tolins Tyres offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 221.60 | 83.82 | 99.14 |
| Revenue from Operations | 227.22 | 118.25 | 113.37 |
| Total Income | 228.69 | 119.68 | 114.39 |
| Profit After Tax | 26.01 | 4.99 | 0.63 |
| NET Worth | 100.53 | 19.42 | 10.83 |
| Total Borrowing | 78.77 | 47.03 | 48.87 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Tolins Tyres RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Tolins Tyres IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.48 | ₹6.58 |
| P/E Ratio (x) | 26.64 | 34.33 |
| Market Cap at Offer Price (₹ Cr) | ₹693.19 | ₹893.35 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹226 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹183.80 Cr of the issue is earmarked to named objects.
Tolins Tyres IPO Anchor Investors
8 anchor investors across 7 fund houses committed ₹69.00 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Bofa Securities Europe Sa - Odi | Bofa Securities | 707,916 | 16.00 | 23.19% |
| Nav Capital Vcc - Nav Capital Emerging Star Fund | Nav Capital | 620,400 | 14.02 | 20.32% |
| Vikasa India Eif I Fund | - | 442,530 | 10.00 | 14.49% |
| Invicta Continuum Fund I | Invicta Continuum | 397,295 | 8.98 | 13.01% |
| Chhatisgarh Investments Limited | Chhattisgarh Investments | 221,239 | 5.00 | 7.25% |
| Steptrade Revolution Fund | Steptrade | 221,239 | 5.00 | 7.25% |
| Moneywise Financial Services Private Limited | - | 221,239 | 5.00 | 7.25% |
| Ashika Global Securities Private Limited | Ashika Global Securities | 221,239 | 5.00 | 7.25% |
| Total anchor allocation | 69.00 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It mainly makes bias tyres for LCVs, agricultural vehicles and two and three-wheelers, and precured tread rubber. It also makes ancillary products such as bonding gum, vulcanising solution, tyre flaps and tubes.
Its FY2024 figures are consolidated, while FY2023 and FY2022 are standalone, as per the RHP. Its promoters are Dr. Kalamparambil Varkey Tolin and Jerin Tolin.
The IPO was Rs 230 crore, with Rs 200.00 crore of fresh issue and Rs 30.00 crore of offer for sale by the promoters. Rs 75.00 crore was planned for working capital and Rs 69.97 crore for repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Tolins Tyres IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Saffron Capital Advisors Pvt. Ltd
9 issues handledBest listing: DCX Systems (+38.6%). Weakest: Udayshivakumar Infra (-14.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Tolins Tyres?
The current Grey Market Premium is ₹29, or 13% over the issue price.
What is the Tolins Tyres IPO price band?
₹215 to ₹226, on a face value of ₹5.
When is the allotment?
The basis of allotment is 12 September 2024, with listing on 16 September 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
