The Tolins Tyres IPO allotment status is set to be finalized on September 12, 2024, following a highly successful subscription period. The IPO, which was open from September 9 to September 11, 2024, was oversubscribed by more than 23 times. Retail investors subscribed 12.4 times, while non-institutional investors subscribed 8.4 times. With a price band between ₹215 and ₹226 per share and a grey market premium (GMP) of ₹30, the stock is expected to list around ₹256, indicating a potential gain of 13.27%. Below are the detailed insights on the Tolins Tyres IPO allotment status.
What is the Tolins Tyres IPO Allotment Status?
The Tolins Tyres IPO allotment status refers to the process where investors who applied for the IPO can check if they have been allotted shares. The final allotment will be announced on September 12, 2024. Investors can view their allotment status by visiting the BSE, NSE, or Cameo Corporate Services websites. With an oversubscription of 23 times, the IPO has attracted significant interest, especially from retail and non-institutional investors. This high demand reflects the positive market sentiment towards Tolins Tyres and its growth prospects.
How to Check Tolins Tyres IPO Allotment Status
To check the Tolins Tyres IPO allotment status, follow these steps:
- Visit the BSE, NSE, or Cameo Corporate Services websites.
- Select Tolins Tyres IPO from the dropdown menu.
- Enter your PAN number, application number, or DP Client ID.
- Click on the Search button to view your allotment details.
Once the allotment is finalized, shares will be credited to your Demat account.
Key Financial Details of Tolins Tyres
Tolins Tyres has shown strong financial performance over recent years. Here’s a summary of their key financials:
| Year | Revenue (₹ Crore) | Profit (₹ Crore) |
|---|---|---|
| FY22 | 180 | 18 |
| FY23 | 200 | 22 |
| FY24 | 227 | 26 |
The company’s expansion into radial tyres and aerospace indicates a promising future for growth.
Why Was Tolins Tyres IPO Oversubscribed?
The Tolins Tyres IPO allotment status saw high oversubscription due to:
- Oversubscription by 23 times: A clear indicator of strong investor confidence.
- Retail Investors’ Heavy Involvement: Subscribed 12.4 times, showing their faith in the company’s potential.
- Grey Market Premium (GMP): Currently at ₹30, suggesting a listing price around ₹256, indicating a gain of 13.27% over the upper issue price.
- Expansion into High-Growth Sectors: Including radial tyres and aerospace.
Understanding the Tolins Tyres IPO Grey Market Premium
The grey market premium (GMP) is an essential indicator of market sentiment before the stock lists. For Tolins Tyres IPO, the GMP stands at ₹30, which suggests a listing price around ₹256. This implies a potential gain of 13.27% over the upper issue price of ₹226 per share. A high GMP is generally a positive sign for a successful stock listing.
Tolins Tyres IPO Allotment Status: Subscription Details
The Tolins Tyres IPO was oversubscribed as follows:
- Retail Investors: Subscribed 12.4 times.
- Non-Institutional Investors: Subscribed 8.4 times.
- Total Oversubscription: 23 times.
This oversubscription demonstrates the strong interest in Tolins Tyres and its future potential.
Steps to Check Tolins Tyres IPO Allotment Status Online
Here’s how you can check the Tolins Tyres IPO allotment status online:
- Visit the BSE, NSE, or Cameo Corporate Services websites.
- Select Tolins Tyres IPO from the dropdown list.
- Input your PAN number, application number, or DP Client ID.
- Click Search to view your allotment status.
Shares will be credited to your Demat account once the allotment is finalized.
Conclusion: The Future of Tolins Tyres After IPO
The anticipation around the Tolins Tyres IPO allotment status is high due to the impressive oversubscription and strong grey market premium. With a revenue of ₹227 crore and a profit of ₹26 crore in FY24, Tolins Tyres is expected to perform well post-listing. The company’s expansion into new markets and sectors suggests a bright future.
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