The Tolins Tyres IPO is an exciting opportunity for investors looking to diversify their portfolios. This IPO is set to open on September 9, 2024, and will close on September 11, 2024. The company aims to raise approximately ₹230 crores through this book-built issue, which includes a fresh issue of ₹200 crores and an offer for sale (OFS) of equity shares. This blog will provide a detailed analysis of the Tolins Tyres IPO, covering important aspects such as the IPO price band, market lot, allotment details, financial performance, and more. If you’re considering investing in this IPO, this guide will help you make an informed decision.
Tolins Tyres IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Face Value | ₹5 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Issue Size | Approx ₹230 Crores |
| Fresh Issue | Approx ₹200 Crores |
| Offer for Sale | [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
Tolins Tyres IPO Market Lot
For those interested in applying for the Tolins Tyres IPO, understanding the market lot is crucial. The minimum market lot size is expected to be [.] shares with an application amount of ₹[.]. Retail investors can apply for up to 13 lots, translating to [.] shares or an amount of ₹[.].
| Investor Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | [.] | ₹[.] |
| Retail Maximum | 13 | [.] | ₹[.] |
| S-HNI Minimum | 14 | [.] | ₹[.] |
| B-HNI Minimum | 68 | [.] | ₹[.] |
Important Dates for Tolins Tyres IPO
Mark your calendars for the following key dates related to the Tolins Tyres IPO:
| Event | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Promoters of Tolins Tyres
Tolins Tyres Limited is promoted by Kalamparambil Varkey Tolin and Jerin Tolin. The company has a strong presence in the tyre and treads sector, manufacturing new tyres, tread rubber, and providing retreading solutions across India and in 40 foreign countries.
About Tolins Tyres
Founded in 1982 by K.P. Varkey, Tolins Tyres has grown into a leading player in the tyre industry. The company specializes in the production of bias tyres for various vehicles, along with ancillary products like bonding gum, vulcanizing solution, tyre flaps, and tubes. Tolins Tyres operates from three manufacturing facilities—two in India and one in the UAE.
Tolins Tyres Financial Performance
The financial health of a company is a significant factor to consider before investing in an IPO. In 2024, Tolins Tyres reported a revenue of ₹228.69 crores and a profit of ₹26.01 crores. Below is a summary of the company’s financial performance:
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2024 | ₹228.69 | ₹195.80 | ₹26.01 | ₹221.60 |
Tolins Tyres IPO Valuation – FY2024
Analyzing the company’s valuation metrics helps investors understand its financial standing. Here are some key performance indicators for Tolins Tyres:
| KPI | Values |
|---|---|
| ROE | 25.87% |
| ROCE | 36.08% |
| EBITDA Margin | 20.41% |
| PAT Margin | 11.45% |
| Debt to Equity Ratio | 0.78 |
| Earning Per Share (EPS) | ₹9.52 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 25.87% |
| Net Asset Value (NAV) | ₹36.80 |
Peer Group Comparison
When evaluating the Tolins Tyres IPO, it’s essential to compare it with peers in the industry. Below is a comparison with similar companies:
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income (₹ in Cr.) |
|---|---|---|---|---|---|
| Indag Rubber Limited | 6.15 | 39.94 | 6.79% | 87.46 | 251.19 |
| Vamshi Rubber Limited | 1.87 | 27.94 | 4.46% | 32.54 | 77.42 |
| TVS Srichakra Limited | 140.98 | 33.76 | 9.70% | 1451.55 | 2926.00 |
| GRP Ltd | 169.78 | 24.07 | 13.58% | 1250.57 | 461.38 |
| Elgi Rubber Co. Ltd | 2.33 | 45.12 | 6.15% | 37.91 | 386.45 |
Objects of the Issue
The funds raised from the Tolins Tyres IPO will be utilized for the following purposes:
- Repayment and/or prepayment of certain outstanding loans, including foreclosure charges, if any.
- Augmentation of long-term working capital requirements of the company.
- Investment in Tolin Rubbers Private Limited, a wholly-owned subsidiary, to repay and/or prepay its short-term and long-term borrowings and to augment its working capital requirements.
- General corporate purposes.
Tolins Tyres IPO Review
Various financial institutions and brokerage firms have provided their reviews and recommendations for the Tolins Tyres IPO. Here are some of them:
- Canara Bank – Recommended for long-term investment
- IDBI Capital – Positive outlook
- Emkay Global – Neutral stance
- Geojit – Positive outlook
Investors can consider these reviews along with their own research to make an informed decision.
If you’re new to IPOs, you can learn more about how to apply by visiting this guide on IPO forms.
Tolins Tyres IPO Registrar
For any queries or issues related to the Tolins Tyres IPO, you can contact the IPO registrar:
- Registrar: Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: priya@cameoindia.com
- Website: https://ipo.cameoindia.com/
How to Apply for Tolins Tyres IPO
Investors can apply for the Tolins Tyres IPO using various methods. One of the most popular ways is through ASBA (Application Supported by Blocked Amount), which can be done online via your bank account. Alternatively, you can apply through your stock broker using the UPI option.
- Visit your stock broker’s website or use their mobile app.
- Select the IPO you want to apply for.
- Enter the number of shares and the bid price.
- Confirm your UPI ID for payment.
- Submit the application and approve the mandate on your UPI app.
Tolins Tyres IPO Allotment Status
Investors can check the Tolins Tyres IPO allotment status on the registrar’s website, Cameo Corporate Services. Here’s how:
- Visit the Cameo India IPO allotment page.
- Enter your PAN number, DP ID, Client ID, or application number.
- Click on the ‘Submit’ button.
- Your allotment status will be displayed on the screen.
Conclusion
The Tolins Tyres IPO is a significant event for the company and potential investors alike. With its solid financials, established market presence, and strategic objectives, this IPO presents an attractive opportunity. However, it’s essential to assess your financial goals and risk appetite before making any investment decisions. For more insights and updates on IPOs, visit our IPO News section.
FAQs
Q1: What is the Tolins Tyres IPO date?
- The Tolins Tyres IPO will open on September 9, 2024, and close on September 11, 2024.
Q2: How can I apply for the Tolins Tyres IPO?
- You can apply online through ASBA or via your stock broker using UPI.
Q3: What is the Tolins Tyres IPO price band?
- The Tolins Tyres IPO price band has been set at ₹[.] to ₹[.] per share.
Q4: What is the minimum and maximum lot size for Tolins Tyres IPO?
- The minimum lot size is [.] shares, and the maximum is 13 lots or [.] shares.
Q5: Where can I check the Tolins Tyres IPO allotment status?
- You can check the allotment status on the Cameo Corporate Services website by entering your PAN number, DP ID, or application number.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.
