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IPO

IPO Details


Tolins Tyres Ltd
Registered Office: No 1/47 M C Road, Kalady Ernakumalm, Aluva - 683574, Kerala
Phone: +91 72592 87215
Email: cs@tolins.com
Website: www.tolinstyres.com
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
Issue Money Payable On
Opens On Closes On Application Allotment
09-Sep-2024 11-Sep-2024 ₹ 226.00 ₹ 0.00
Minimum Application for shares in Nos : 66 Further Multiples of : 66
(₹)Cr. Lead Managers to the Issue
Project Cost 183.80 Saffron Capital Advisors Pvt Ltd
Project Financed through Current Offer 230.00
Post Issue Equity Share Capital 19.75
Issue Price ₹226.00
Projects
Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the company
Augmentation of long term working capital requiremnts of the company
Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
Augmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
General corporate purposes
Promoted By
Kalamparambil Varkey Tolin
Jerin Tolin
Listing At
BSE
NSE
Registrar to the Issue
Cameo Corporate Services Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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