Tolins Tyres Limited IPO is scheduled to open on September 9, 2024, and close on September 11, 2024. The company aims to raise ₹230 crores through the IPO.

IPO Details

• Issue Type: Book-built Issue
• Issue Size: ₹230 crores
• Price Band: ₹215-₹226 per share
• Face Value:₹5 per share
• Lot Size: 66 Shares
• Total Issue Size : ₹230.00 Cr
• Fresh Issue: ₹200.00 Cr
• Offer for Sale: ₹30.00 Cr
• Lead Manager: Saffron Capital Advisors Private Limited
• Registrar: Cameo Corporate Services Limited

Timeline

IPO Open Date:	September 09, 2024
IPO Close Date:	September 11 , 2024
Basis of Allotment:	September 12, 2024
Refunds:	September 13, 2024
Credit to Demat Account:	September 13, 2024
IPO Listing Date:	September 16, 2024

About Company

Tolins Tyres Limited is a leading manufacturer of tyres in India. The company has a strong presence in the domestic market and caters to a wide range of customers, including OEMs (Original Equipment Manufacturers) and the replacement market.

Core Business:

• Tyre Manufacturing: Tolins Tyres specializes in manufacturing a variety of tyres, including radial tyres, bias tyres, and off-the-road tyres.
• Distribution Network: The company has a strong distribution network across India to reach customers efficiently.

Market Position:

• Tolins Tyres is a well-established player in the Indian tyre market with a focus on value for money products.
• The company has a strong customer base and is known for its quality products and reliable service.

Future Outlook:

• The Indian tyre market is expected to grow, driven by increasing vehicle ownership and economic growth.
• Tolins Tyres aims to expand its product range, increase its market share, and explore export opportunities.
• The company may also invest in research and development to develop new tyre technologies.

Here are some resources to learn more about company

• Read DRHP Here

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Objective

The primary objectives of the Bajaj Housing Finance Limited IPO are:

• Raising Capital: The company aims to raise ₹230 crores through the IPO, which will be used for:
• Brand Visibility: The IPO will increase the visibility of Tolins Tyres among investors and the general public, enhancing its brand recognition and credibility.
• Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.

By achieving these objectives, Tolins Tyres Limited aims to strengthen its financial position, expand its business, and enhance its market presence.

POSITIVE

• Strong Market Presence: Tolins Tyres has a well-established presence in the Indian tyre market with a focus on value for money products.
• Growth Potential: The Indian tyre market is expected to grow, driven by increasing vehicle ownership and economic growth.
• Manufacturing Expertise: The company has experience in manufacturing a variety of tyres, including radial tyres, bias tyres, and off-the-road tyres.
• Distribution Network: A strong distribution network can help the company reach a wider customer base.

NEGATIVE

• Competition: The tyre market is highly competitive, with both domestic and international players.
• Raw Material Costs: Fluctuations in the prices of raw materials used in tyre manufacturing can impact profitability.
• Regulatory Changes: Changes in government regulations related to the automotive or tyre industry can affect the company’s operations.
• Economic Downturns: A slowdown in the economy can impact demand for tyres.

So, How Does Tolins Tyres Limited IPO Fare in Terms of Financials ?

Financial Details

Period Ended	Assets	Revenue	PAT	Net Worth	Total Borrowing
31 Mar 2024	221.60	228.69	26.01	100.53	78.77
31 Mar 2023	170.39	167.08	24.21	83.66	58.65
31 Mar 2022	145.62	147.96	6.63	59.32	6.89

Financial Review of Tolins Tyres Limited IPO

Financial Analysis:

• Revenue Growth: The company has consistently increased its revenue over the past three years, indicating strong growth and market penetration.
• Profitability: Profit after tax (PAT) has grown steadily, suggesting improved operational efficiency and cost management.
• Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the three years.
• Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
• Debt: Total borrowing has increased, but it remains at a manageable level.

Disclaimer: This analysis is based on limited financial data and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.  

Tolins Tyres Limited IPO Valuation :

KPI	Values
ROE	25.87%
ROCE	36.08%
Debt/Equity	0.78
RoNW	25.87%
P/BV	6.14
PAT Margin (%)	11.45

Tolins Tyres Limited IPO – SWOT Analysis

Strengths

• Established Player: Tolins Tyres is a well-established player in the Indian tyre market.
• Product Range: The company offers a diverse range of tyres to cater to different customer needs.
• Distribution Network: A strong distribution network can help reach a wider customer base.
• Focus on Value: Tolins Tyres is known for offering value for money products.

Weaknesses

• Competition: The tyre market is highly competitive, with both domestic and international players.
• Raw Material Costs: Fluctuations in the prices of raw materials can impact profitability.
• Regulatory Changes: Changes in government regulations related to the automotive or tyre industry can affect the company’s operations.

Opportunities

• Expanding Market: The Indian tyre market is growing, driven by increasing vehicle ownership and economic growth.
• Product Diversification: Exploring new tyre segments or product categories can drive growth.
• Export Markets: Expanding into international markets can increase revenue.
• Technological Advancements: Investing in research and development to adopt new tyre technologies.

Threats

• Economic Downturns: A slowdown in the economy can impact demand for tyres.
• Competition from Global Brands: Global tyre manufacturers can pose competition.
• Regulatory Changes: Changes in government regulations related to fuel efficiency or emissions can impact the tyre industry.

COMPETITIVE ANALYSIS: MARKET PEERS

• MRF Limited: One of the largest tyre manufacturers in India, known for its wide range of tyres and strong brand presence.
• CEAT Limited: Another major player in the Indian tyre market, offering a diverse range of tyres for various applications.
• Apollo Tyres Limited: A global tyre manufacturer with a significant presence in India.
• JK Tyre & Industries Limited: A leading Indian tyre manufacturer with a focus on both domestic and international markets.

Tolins Tyres Limited IPO GMP

• Grey market premium as on 11-09-2024 = ₹40 / Share

Disclaimer:

• IPO Grey Market Premium (Tolins Tyres Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

Tolins Tyres Limited IPO

🔴 Live Subscription Status 🔴

11/09/2024 5:00 PM

	NO OF SHARES OFFERED	Day 1	Day 2	Day 3
Qualified Institutional Buyers(QIBs)	2,035,398	0.13	0.45	25.42
Non Institutional Investors(NIIs)	1,526,549	0.88	4.07	27.38
Retail Individual Investors(RIIs)	3,561,947	3.41	8.39	21.11
Employees	–	–	–	–
Total	7,123,894	1.93	5.20	23.68

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