Tolins Tyres has recently unveiled its Initial Public Offering (IPO), creating significant interest among investors. The IPO, from September 9 to September 11, 2024, offers shares priced between ₹215 and ₹226 per share. The company aims to raise a total of ₹203 crores, with ₹200 crores from fresh issues and ₹3 crores from an offer for sale. Shares will list on the NSE and BSE on September 16, 2024. The proceeds will be used for debt repayment, working capital, and investment in its subsidiary, Tolin Rubbers. Founded in 2003, Tolins Tyres manufactures bias tyres for various vehicles and exports to over 40 countries. Despite impressive financial growth, including a 542% increase in profit after tax (PAT) from FY22 to FY24, the Grey Market Premium (GMP) for the IPO is currently not trending, indicating uncertainty about its listing price.
Tolins Tyres Price List
The Tolins Tyres price list for the IPO is set between ₹215 and ₹226 per share. For retail investors, the minimum investment is approximately ₹14,916 for a lot size of 66 shares. This price list shows the range within which shares are available during the IPO period.
Tolins Tyres IPO Share Price
The Tolins Tyres IPO share price is established between ₹215 and ₹226. Key Tolins Tyres IPO dates are:
- Opening Date: September 9, 2024
- Closing Date: September 11, 2024
- Listing Date: September 16, 2024
These dates are crucial for investors planning to participate in the IPO and track its performance.
Tolins Tyres Owner
Tolins Tyres owner information reveals that the company was founded in 2003 and is primarily owned by its founding management team. While specific ownership details are not disclosed, the founding team has been central to the company’s growth.
Tolins Tyres IPO GMP (Grey Market Premium)
Currently, the Tolins Tyres IPO GMP is not trending, reflecting a lack of data to predict the expected listing price accurately. The GMP indicates the premium at which shares are traded in the grey market before the official listing and is crucial for assessing investor sentiment.
Is Tolins Tyres Good or Bad?
Determining if Tolins Tyres is good or bad involves assessing its financial performance and market factors. The company has shown substantial growth, with a 542% increase in PAT from FY22 to FY24. However, investors should consider the company’s reliance on dealer relationships and regional sales, with about 46.71% of its revenue coming from Kerala.
Tolins Tyres Share Price Target
The Tolins Tyres share price target is influenced by the company’s financial performance and market conditions. Although specific targets are not provided, the strong growth trajectory suggests a positive outlook. Investors should monitor market trends and analyst predictions for a clearer picture.
Tolins Tyres Share Price Future
Regarding the Tolins Tyres share price future, the company’s strong revenue growth, including a CAGR of 42%, indicates a favorable future share price. However, external market factors and competition will play a significant role in determining the actual share price performance post-IPO.
Summary of Key Dates
Here’s a summary of important dates related to the Tolins Tyres IPO:
| Event | Date |
|---|---|
| Allotment Finalization | September 12, 2024 |
| Refund Initiation | September 13, 2024 |
| Credit of Shares | September 16, 2024 |
Conclusion
When evaluating the Tolins Tyres IPO, investors should consider both potential benefits and risks associated with the company’s market presence and regional dependence. The IPO’s performance on September 16, 2024, will provide further insights into market reception and investor sentiment.
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