Tolins Tyres ₹230 crore IPO includes a ₹200cr fresh issue and ₹30cr OFS. Funds will repay loans, boost working capital, invest in Tolin Rubbers & cover general needs.
Open Date : September 9, 2024 Close Date : September 11, 2024 Allotment Date: September 12, 2024 Listing Date: September 16, 2024
IPO Price: INR 215-226 per share Lot Size: 66 Shares Total Issue Size: INR 230 crores
Tolins Tyres IPO shows mixed performance: 1. Steady revenue growth. 2. Increased profitability & equity. 3. Improved EPS & stronger RoNW. 4. Enhanced liquidity, Efficient inventory management.
1. Tolins Tyres shows strong financials. 2. Solid growth and profitability vs peers. 3. Competes with Indag, Vamshi, Elgi Rubber. 4. TVS Srichakra, GRP Ltd lead in scale.
Tolins Tyres IPO Objective: 1. Repay loans & Boost working capital. 2. Invest in Tolin Rubbers for loan repayment and working capital.
Tolins Tyres IPO Risks: 1. Reliance on few suppliers. 2. Dependence on automotive OEMs. 3. Risk of disruptions at Kalady and Ras Al Khaimah facilities. 4. Potential impact on operations and finances.