Last Updated on September 18, 2024 by Wenivesh Team
The much-anticipated Tolins Tyres Limited IPO is now open for subscription, and investor interest is on the rise. As of today, September 9, 2024, the Tolins Tyres Limited IPO GMP Today is reported to be ₹25. This indicates a positive sentiment among investors, suggesting good expected returns after the company’s listing on the stock exchanges on September 16, 2024.
Tolins Tyres Limited IPO Details
The Tolins Tyres Limited IPO opened on September 9, 2024, and will close on September 11, 2024. The price band for the IPO is set between ₹215 and ₹226 per share, with a minimum bid of 66 shares per lot. The total issue size is approximately ₹230 crore, which includes a fresh issue of equity shares worth ₹200 crore and an offer for sale (OFS) of up to ₹30 crore by the existing shareholders.
IPO Details Summary:
| Particulars | Details |
|---|---|
| Issue Open Date | September 9, 2024 |
| Issue Close Date | September 11, 2024 |
| Price Band | ₹215 to ₹226 per equity share |
| Face Value | ₹5 per equity share |
| Lot Size | 66 shares (₹14,916 per lot) |
| Total Issue Size | ₹230 crore |
| Fresh Issue | ₹200 crore |
| Offer for Sale | ₹30 crore |
| Listing Date | September 16, 2024 |
| Listing | BSE and NSE |
Tolins Tyres Limited IPO GMP Today
As of today, September 9, 2024, the Grey Market Premium (GMP) for Tolins Tyres Limited IPO is ₹25. This Tolins Tyres Limited IPO GMP today indicates that investors are optimistic about the potential listing gains, reflecting the company’s robust financials and market position.
Company Overview of Tolins Tyres Limited
Tolins Tyres Limited is a tyre manufacturing company that offers a wide range of products, including tyres for two-wheelers, three-wheelers, light commercial vehicles, and agricultural tyres. The company also provides tyre retreading solutions and exports to over 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. With a diversified product portfolio, Tolins Tyres Limited has positioned itself as a significant player in the tyre industry.
Company Overview Summary:
| Particulars | Details |
|---|---|
| Industry | Tyre Manufacturing & Retreading |
| Key Products | Tyres, Tread Rubber, Bonding Gum, Tyre Flaps |
| Export Markets | Middle East, East Africa, Jordan, Kenya, Egypt |
| Number of SKUs (Tyre Category) | 163 |
| Number of SKUs (Tread Rubber Category) | 1,003 |
Financials of Tolins Tyres Limited
Tolins Tyres Limited has shown strong financial growth in recent years, particularly in its revenue and profit after tax (PAT). The company’s financial health is one of the reasons behind the positive sentiment in the grey market.
Financial Performance Summary:
| Particulars | FY 2024 (₹ crore) | FY 2023 (₹ crore) | FY 2022 (₹ crore) |
|---|---|---|---|
| Assets | 221.6 | N/A | N/A |
| Revenue | 228.69 | N/A | N/A |
| Profit After Tax (PAT) | 26.01 | N/A | N/A |
Tolins Tyres Limited IPO Subscription Details
The Tolins Tyres Limited IPO is expected to attract a significant number of retail and institutional investors due to its competitive pricing and strong financials. The fresh issue proceeds will be used for repaying or prepaying certain outstanding loans, augmenting working capital, and investing in the company’s subsidiary, Tolin Rubbers Private Limited.
Subscription Details:
| Investor Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors (RII) | 35% |
Conclusion
The Tolins Tyres Limited IPO offers an exciting opportunity for investors, with its GMP of ₹25 reflecting strong market interest. With a well-rounded product portfolio, solid financials, and a growing export market, Tolins Tyres Limited is poised for a promising future.
In summary, “tolins tyres limited ipo gmp today” is generating significant buzz, and investors should carefully consider this IPO for potential gains. Be sure to monitor the subscription status and GMP as the IPO progresses.
Hope this blog On Tolins Tyres Limited IPO GMP Today has been informative and insightful.
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