Tolins Tyres IPO

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.

Important Details

Open Date : September 9, 2024 Close Date : September 11, 2024 Allotment Date: September 12, 2024 Listing Date: September 16, 2024

Important Details

IPO Price: INR 215-226 per share Lot Size: 66 Shares Total Issue Size: INR 230 crores

Fundamental Analysis

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.

Peer Comparison

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.

Objective

Tolins Tyres IPO Objective: 1. Repay loans & Boost working capital. 2. Invest in Tolin Rubbers for loan repayment and working capital.

Risks And Challenges

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.