Tolins Tyres Ltd. IPO

Tolins Tyres Limited is a leading manufacturer of bias tyres, precured tread rubber, and other tyre-related products. With a focus on quality, innovation, and customer satisfaction, Tolins has established a strong presence in both the domestic and international markets. The company's expertise in product development, manufacturing, and distribution has enabled it to build long-term relationships with customers and become a trusted name in the tyre industry. Tolins Tyres' commitment to excellence and operational efficiency positions it for continued growth and success.

RHP
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DRHP
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Open Date

2024-09-09

Close Date

2024-09-11

IPO Details

Check out the issue details for Tolins Tyres Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 226

Price Band

₹ 215 - 226

Issue Size

230 Cr.

Issue Type

Book Built

Open

2024-09-09

Close

2024-09-11

Listingprice

₹ 228

ListingGain

0.88%

Listing Date

2024-09-16

CMP

₹ 188.11

Current Return

-16.77%

Company Financials

You can get the following financial statements of Tolins Tyres Ltd. as of now.

Subscription Details

The details about the Tolins Tyres IPO are as:

  • The issue size of the Tolin Tyres IPO is 230 Cr.
  • The price band for Tolins Tyres IPO is Rs 215 to Rs 226.
  • The shares of Tolins Tyres IPO will list on 16th September 2024.
  • The latest tentative GMP of Tolins Tyres IPO is Rs 40.
  • The shares of Tolins Tyres IPO are subscribed 24.68 Times as of 11th September 2024.

 

Tolins Tyres IPO Valuation

The approx valuation of Tolins Tyres Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 226
Existing Shares (Qty) 3.06 Cr
Fresh Issue 200 Cr
Market Cap 891.56 Cr
EPS (FY24) Rs 9.52
PE Ratio 23.73x
Industry PE 34.17x

 

Tolins Tyres IPO Issue Size

Tolins Tyres Limited IPO issue size is 230 Cr

Issue Amount
Fresh Issue 200 Cr
Offer For Sale 30 Cr

 

Tolins Tyres IPO Market Lot

An Individual can apply for a minimum 1 lot of 66 shares and a maximum of 13 lots of 858 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 66 Rs 14,916
 Maximum 13 858 Rs 1,93,908

 

Tolins Tyres IPO share offer

The shares of Tolins Tyres Limited IPO are subscribed 24.68 Times as of 11th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 26.72 Times
Non-Institutional Minimum 15% 28.71 Times
Retail Individual Minimum 35% 21.78 Times
Total   24.68 Times

Allotment Details

Find below the dates for Tolins Tyres IPO:

Schedule Date
Basis of Allotment 12 September 2024
Refunds 13 September 2024
Credit to Demat Account 13 September 2024
IPO Listing Date 16 September 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 105.89 113.37 118.25 157.47
Total Expenditure 100.24 107.26 105.93 129.92
Operating Profit 5.65 6.11 12.31 27.55
Other Income 1.03 1.02 1.43 1.54
Interest 3.81 4.32 5.1 8.22
Depreciation 1.96 1.96 1.61 2.1
Exceptional Items 0 0 0 0
Profit Before Tax 0.91 0.85 7.03 18.77
Provision for Tax 0.14 0.22 2.04 5.13
Net Profit 0.77 0.63 4.99 13.64
Adjusted EPS (Rs.) 0.16 0.09 0.19 0.44

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.9 1.4 5 15.33
Total Reserves 8.79 9.43 14.42 72.72
Borrowings 14.03 15.07 13.1 7.86
Other N/C liabilities 0.09 -0.01 0.1 0.36
Current liabilities 64.16 73.15 51.19 80.13
Total Liabilities 87.96 99.04 83.81 176.39
Assets
Net Block 13.37 12.31 19.25 20.52
Capital WIP 6.85 8.18 0 5.03
Intangible WIP 0 0 0 0
Investments 0 0 0 40.47
Loans & Advances 0.35 0.43 0.51 1.03
Other N/C Assets 0 0 0 0
Current Assets 67.4 78.13 64.06 109.34
Total Assets 87.96 99.04 83.81 176.39
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024
Other Income 0.03
Profit Before Tax 7.2
Tax 1.81
Profit After Tax 5.38
Adjusted EPS (Rs) 1.76

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 0.91 0.85 7.03 18.77
Adjustment 4.81 5.01 5.44 10.33
Changes in Assets & Liabilities -7.04 -3.18 -10.35 -39.41
Tax Paid -0.13 -0.15 -0.3 -2.07
Operating Cash Flow -1.45 2.53 1.82 -12.39
Investing Cash Flow -9.2 -2.57 0.03 -49.01
Financing Cash Flow 10.67 0.1 -1.94 61.67
Net Cash Flow 0.02 0.07 -0.09 0.28
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