About Tolins Tyres:
They are a company operating in both the manufacturing of new tires and tread rubber. Their primary focus is on producing bias tires for vehicles, including LCVs, agricultural, and two/three-wheelers, as well as precured tread rubber. They also manufacture ancillary products such as bonding gum, vulcanizing solution, tire flaps, and tubes.
About the Industry in which Tolins Tyres operates:
The domestic tire industry is anticipated to grow in the coming years due to rising vehicle demand. As the automobile sector expands, the need for replacement tires also increases. Additionally, the growing acceptance of Indian tires in international markets is boosting tire exports from India. The tread industry in India is flourishing, driven by factors such as increasing vehicle ownership, improved road infrastructure, and rising disposable incomes. The industry is expected to experience steady growth moving forward.
| Important Information and Timelines of the IPO of Tolins Tyres: | |
|---|---|
| Open Date | 9 September 2024 |
| Close Date | 11 September 2024 |
| Total Issue Size – Number of Shares | 10176992 |
| Minimum Bid Price | 215 |
| Maximum Bid Price | 226 |
| Lot Size | 66 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 13 September 2024 |
| Listing Date | 16 September 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Tolins Tyres:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 66 | 14916 |
| Retail – Maximum | 13 | 858 | 193908 |
| sHNI – Minimum | 14 | 924 | 208824 |
| sHNI – Maximum | 67 | 4422 | 999372 |
| bHNI – Minimum | 68 | 4488 | 1014288 |
Objective of the IPO of Tolins Tyres:
-
Repayment and / or prepayment, in full, of certain outstanding loans (including
foreclosure charges, if any) availed by our Company -
Augmentation of long-term working capital requirements of our Company.
-
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 requirement.
-
General corporate purposes.
Financials of Tolins Tyres:
| Particulars | For the Financial Year ended March 31, 2024 | For the Financial Year ended March 31, 2023 | For the Financial Year ended March 31, 2022 |
|---|---|---|---|
| Equity Share Capital | 153.30 | 50.00 | 14.00 |
| Net Worth | 1,005.33 | 194.23 | 108.25 |
| Revenue from Operation | 2,272.18 | 1,182.46 | 1,133.65 |
| Total Revenue | 2,286.93 | 1,196.79 | 1,143.86 |
| Restated Profit for the Year | 260.06 | 49.92 | 6.31 |
| Earnings per Share (Basic) | 9.52 | 2.55 | 0.35 |
| Earnings per Share (Diluted) | 9.52 | 2.55 | 0.35 |
| Return on Net Worth | 25.87% | 25.70% | 5.83% |
| Net Asset Value per Equity Share | 36.80 | 9.92 | 5.98 |
| Total Borrowings * | 787.72 | 470.29 | 488.7 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Tolins Tyres. You will receive a UPI mandate after 10:00 AM on 9 September 2024.
###1. How to apply for the IPO of Tolins Tyres on Dhan?
You can apply for the IPO of Tolins Tyres from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Tolins Tyres be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 13 September 2024. However, you will be able to see the shares of Tolins Tyres on Dhan before the market starts on the listing date which is 16 September 2024.