
Automobile & Auto Components · NSE / BSE
Tolins Tyres Limited, incorporated in 2003, is a leading tyre manufacturing and retreading company in India with a strong export presence across 40 countries, including regions in the Middle East and Africa. The company operates through two core verticals—tyre manufacturing and tread rubber production—offering a wide range of products such as tyres for light commercial vehicles, off-road/agriculture use, two- and three-wheelers, along with tyre tubes and tread rubber products like Precured Tread Rubber (PCTR) and conventional tread rubber. It also manufactures related accessories, including bonding gum, tyre flaps, and vulcanizing solutions. Tolins runs three manufacturing facilities—two in Mattoor, Kalady, Kerala, and one in Ras Al Khaimah, UAE—supported by 8 depots and a nationwide network of 3,737 dealers. As of March 31, 2024, its portfolio includes 163 tyre SKUs and 1,003 tread rubber SKUs, with significant in-house development of new designs and moulds. The company holds ISO 9001:2015 and IATF 16949:2016 certifications and serves reputed clients such as Marangoni GRP and KAMCO, backed by a dedicated sales and marketing team of 55 members.
Price Band
₹215 – ₹226
Issue Size
₹230 Cr
Lot Size
66 shares
GMP
+13.3%
Est. Listing
₹256
at current GMP
Subscribed
25.12x
overall
Open
9 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Refund
13 Sep 2024
Demat Credit
14 Sep 2024
Listing
16 Sep 2024
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
12 Sep 2024
Basis finalization
Refunds Initiate
13 Sep 2024
Mandate release
Demat Credit
14 Sep 2024
Shares in demat
Listing Debut
16 Sep 2024
Trading begins
Tolins Tyres Limited is bringing an initial public offering (IPO) in the Automobile & Auto Components sector with an aggregate issue size of ₹230 Crores. The shares are offered at a price band of ₹215 to ₹226 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.