Tolins Tyres Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹226
Per ShareLot Size
66 Shares
Minimum Investment
₹14,916
Issue Size
₹230 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Tolins Tyres Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.64%
Issue Type
Book Building
ISIN
INE0RWQ01014
About the Company
Tolins Tyres Limited is a company present in both verticals manufacturing of new tyres and tread rubber. It is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.
Industry Overview
The domestic tyre industry is expected to expand in the coming years owing to higher demand for vehicles. With automobile sector growing, demand for replacement tyres is also increasing. Moreover, increasing acceptance of Indian tyres in the overseas markets is leading to a sharp growth in tyre exports from India. The treads industry in India is a thriving sector that caters to the growing demand for tyres in the country. Driven by factors such as increasing vehicle ownership, improvement in road infrastructure and rising disposable income, the industry is expected to witness steady growth in the coming years.
Company History
Tolins Tyres Limited was incorporated in the name and style of `Tolins Tyres Private Limited' and a certificate of incorporation was issued on July 10, 2003 by the Registrar of Companies, Kerala. Subsequently, upon the conversion of the Company into a public limited company, pursuant a special resolution passed by its Shareholders on January 1, 2024, the name of the Company was changed to `Tolins Tyres Limited' and a fresh certificate of incorporation dated January 26, 2024 was issued by the Registrar of Companies, Ernakulam, Kerala.
Products & Services
- Tolins Tyres Limited is a company present in both verticals - manufacturing of new tyres and tread rubber.
Growth Strategy
- Optimisation of our Capacity Utilisation.
- Expanding Reach of Domestic Markets.
- Expand our Product Range by introducing new products and product range.
- Penetrate into New Geographies through an Increase in Exports.
- Strengthen Relationships with its Existing Customers and Expand Customer Base.
- Continue to Improve Operational Efficiencies through Economies of Scale, Supply Chain Rationalization, technology enhancements and effective Resource Planning
- Improve Efficiencies with Technology Enablement.
- Pursue Inorganic Growth through Selective Acquisitions.
- Broad Description of its Products Offerings.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diversified Product Range and Customised Product Offering.
- Quality of Products.
- Long standing relationship with large OEMs and dealer network in India and its Depots.
- Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions.
- Locational Advantage.
- The tyre manufacturing industry is encountering difficulties because of limited suppliers for key raw materials such as natural rubber and carbon black. Further, the company does not have any long-term contracts with its suppliers and engage them by way of placing purchase orders. Volatility in the prices and availability of raw materials or any failures by its suppliers to make timely delivery of raw materials or breakdown of its relationship with such suppliers could have an adverse effect on its business, financial condition and results of operations.
- The company is dependent on its automotive original equipment manufacturer ("OEM") customers for the sale of a significant portion of its agricultural tyres.
- Its business is significantly dependent on the company's Manufacturing Facilities in India and abroad. Its entire infrastructure, facility and business operations are currently concentrated in Kalady, Kerala and Ras Al Khaimah, UAE. Any disruption in manufacturing at, or temporary or permanent shutdown of, its Manufacturing Facilities, may materially and adversely affect its business, prospects, financial condition and results of operations.
- The company derives a portion of its revenue from the sale of bias tyres, which may result in pricing pressure that could adversely affect its profitability.
- If the company is subject to product liability and other civil claims and costs incurred because of product recalls, it could expose it to costs and liabilities and adversely affect its reputation, business, revenues and profitability.