Tolins Tyres Limited
|
Lot Size
1 Lot = 66 Qty |
Min Investment
₹14916 |
|
Subscription
Oversubscribed |
Listing Gain
12(Points) |
IPO Details
|
Open Date
Sep 09, 2024 |
Close Date
Sep 11, 2024 |
Allotment Date
Sep 12, 2024 |
|
Allotment Date
Sep 12, 2024 |
Refund Initiation
Sep 13, 2024 |
Demat Transfer
Sep 13, 2024 |
|
Listing Date
Sep 16, 2024 |
Fresh Issue
230 |
Offer For Sale
30 |
|
Issue Price
₹215 to ₹226 |
Face Value
₹5 |
Issue Type
Fresh Issue |
|
Total Issue Size
230 CR |
QIB + NII Quota
50 + 15% |
Retail Quota
35% |
|
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
| PERIOD | ASSET | REVENUE | PROFIT |
|---|---|---|---|
| 31-Mar-2024 | 221.60 | 228.69 | 26.01 |
About The Company
Tolins Tyres Limited is a tyre manufacturing company. The company provides tyre retreading solutions in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
The companys business can be divided into two verticals:
Tyre manufacturing and
Tread Rubber manufacturing.
The companys clientele includes Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip. etc. for products.As of March 31, 2024, the company has developed 163 new designs and products and has also created moulds for them.As of March 31, 2024, the companys sales and marketing team comprised 55 employees, including contract workers who reported to the Chairman and Managing Director.
Tolins Tyres - Strength and Weakness
Strength
- Diversified product range with 1,166 SKUs across tyre and rubber categories.
- Strong quality assurance with ISO 9001:2015 and IATF 16949:2016 certifications with Extensive dealer network with 3,737 dealers and 8 depots nationwide.
- In-house R&D center, developing 163 new designs in FY 2024.
Weakness
- Dependence on 261 suppliers, with top 10 contributing 98%.
- Manufacturing facilities operating at low utilisation rates, below 50%.
- Volatile raw material prices impacting profit margins and costs.
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