Tolins Tyres Limited IPO GMP

Tolins Tyres, founded in 1982 as an small scale industry unit, has emerged as a leading producer in the tire industry, specializing in a diverse range of products. Their portfolio includes two and three-wheeler tyres, Light Commercial Vehicle (LCV) tyres and Agriculture tyres.

Tolins Tyres, an Book Built Issue amounting to ₹230.00 Crores, consisting an Fresh Issue of 8.84 Lakh Shares worth ₹200.00 Crores and an Offer for Sale of 1.32 Lakh Shares totalling to ₹30.00 Crores. The subscription period for the Tolins Tyres IPO opens on September 09, 2024, and closes on September 11, 2024. The allotment is expected to be finalized on or about Friday, September 13, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, September 16, 2024.

The Share price band of Tolins Tyres IPO is set at ₹215 to ₹226 equity per share, with a minimum lot size of 66 shares. Retail investors are required to invest a minimum of ₹14,916, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (924 shares), amounting to ₹208,824.

Saffron Capital Advisors Private Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar for the Issue. 

Tolins Tyres Limited IPO GMP Today
The Grey Market Premium of Tolins Tyres Limited IPO is expected in the range of ₹65 to ₹70 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Tolins Tyres Limited IPO Live Subscription Status Today
As of 06:00 PM on 11 September 2024, the Tolins Tyres Limited IPO live subscription status shows that the IPO subscribed 23.89 times on its Final day of subscription period. Check the Tolins Tyres Limited IPO Live Subscription Status Today at BSE.

Tolins Tyres Limited IPO Allotment Status
Tolins Tyres IPO allotment date is 13 September, 2024, Friday. Tolins Tyres IPO Allotment will be out on 13th August 2024 and will be live on Registrar Website from the allotment date. Check Tolins Tyres Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Tolins Tyres Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Tolins Tyres Limited IPO
Tolins Tyres Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹699.69 Millions is required for Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company; 
2. ₹750.00 Millions is required for Augmentation of long-term working capital requirements of their Company; 
3. ₹231.54 Millions is required for Investment in their wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/ or prepay, in full, certain of its short term and long-term borrowings and augmentation of its working capital requirements; and 
4. General corporate purposes.

Refer to Tolins Tyres Limited RHP for more details about the Company.