Last Day of Bidding! Did You Subscribe to Tolins Tyre IPO?

On the last day of bidding, Tolins Tyres’s IPO recorded an increased subscription from retail investors. The IPO will close on September 11, 2024. The allotment for the Tolins Tyres IPO is expected to be finalised on September 12, 2024. Tolins Tyres IPO will be listed on BSE and NSE with a tentative listing date of September 16, 2024. Tolins Tyres IPO price band is set at ₹215 to ₹226 per share. The minimum lot size for an application is 66 Shares. The minimum amount of investment required by retail investors is ₹14,916. 

At 12:13 PM, Tolins Tyres IPO subscribed 9.40 times. The public issue subscribed 13.51 times in the retail category, 2.08 times in QIB, and 9.59 times in the NII category.

Tolins Tyres IPO last GMP is ₹39, last updated Sep 11, 2024, 10:01 AM. With a price band of ₹226.00, Tolins Tyres IPO’s estimated listing price is ₹265 (cap price + today’s GMP). The expected percentage gain/loss per share is 17.26%. 

Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company. The company provides tyre retreading solutions in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. The company’s business can be divided into two verticals: Tyre manufacturing and Tread Rubber manufacturing.

As of March 31, 2024, the company’s products include Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres (OTR), Two-wheeler and Three-wheeler Tyres, Tyre Tubes and Tyre Flaps, Precured Tread Rubber (PCTR), Conventional Tread Rubber, Bonding Gum, Vulcanizing solution, Rope Rubber & Others.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.