IPO IPO-Synopsis
Tolins Tyres Ltd

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Registered Office: No 1/47 M C Road,Kalady Ernakumalm , Aluva - 683574 , Kerala , India.
Phone : +91 72592 87215   Fax:
Email :  cs@tolins.com  
Website :  www.tolinstyres.com
Initial public offer of 10,176,991 equity shares of face value Rs5 each ("Equity Shares") of Tolins Tyres Limited for cash at a price of Rs226 per equity share (including a share premium of Rs221 per equity share) (the "Offer Price"), aggregating to Rs230.00 crores comprising of a fresh issue of 8,849,557* equity shares of face value Rs5 each aggregating to Rs200.00 crores (the "Fresh Issue") and an offer for sale of 1,327,432* equity shares of face value of Rs5 each aggregating to Rs30.00 crores (the "Offer for Sale"), consisting of 663,716 equity shares of face value of Rs5 each aggregating to Rs15.00 crores by Kalamparambil varkey tolin and 663,716 equity shares of face value of Rs5 each aggregating to Rs15.00 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-24 11-Sep-24 Rs226.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :66  Further Multiples of :66

  Rs 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 Rs226.00  
Projects
Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the companyAugmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
Augmentation of long term working capital requiremnts of the companyGeneral corporate purposes
Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
Promoted By
Kalamparambil Varkey Tolin
Jerin Tolin
Listing At
BSE 
NSE 
Registrar to the Issue
Cameo Corporate Services Ltd