Business Standard

Tolins Tyres Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

230.00 cr

Price Range (₹)

226

Lot Size

66

Min Investment (₹)

14,916.00

Listing Exchange

MumbaiNSE

Open Date

09-Sept-2024

Close Date

11-Sept-2024

Listing Date

16-Sept-2024

Tolins Tyres Ltd News

    The Shares of Tolins Tyres Ltd have now been listed.

    Tolins Tyres Ltd IPO Details

    Initial public offer of 10,176,991 equity shares of face value Rs. 5 each (Equity Shares) of Tolins Tyres Limited for cash at a price of Rs. 226 per equity share (including a share premium of Rs. 221 per equity share) (the Offer Price), aggregating to Rs. 230.00 crores comprising of a fresh issue of 8,849,557* equity shares of face value Rs. 5 each aggregating to Rs.200.00 crores (the Fresh Issue) and an offer for sale of 1,327,432* equity shares of face value of Rs. 5 each aggregating to Rs. 30.00 crores (the Offer for Sale), consisting of 663,716 equity shares of face value of Rs. 5 each aggregating to Rs. 15.00 crores by Kalamparambil varkey tolin and 663,716 equity shares of face value of Rs. 5 each aggregating to Rs. 15.00 crores by Jerin Tolin (collectively, the Selling Shareholders and such equity shares, the Offered Shares).The offer price is 45.2 times the face value of the equity shares.*Read this number as per corrigendum to prospectus

    Objective of issue

    Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the company. Augmentation of long term working capital requiremnts of the company. Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd. Augmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd. General corporate purposes.

    Tolins Tyres Ltd Contact Details

    Tolins Tyres Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@tolins.com

    Website - www.tolinstyres.com