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Tolins Tyres Limited
Issue Size (Net)
up to Rs.230.00 Cr
Price Band
Rs.215 to Rs.226 per share
Issue Opens
September 9, 2024
Issue Closes
September 11, 2024

Company Highlights

1.Company Information

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 & Three-wheeler Tyres, Tyre Tubes & Tyre Flaps, Precured Tread Rubber (PCTR), Conventional Tread Rubber, Bonding Gum, Vulcanizing solution, Rope Rubber & Others.
The company manufactures a range of products, including two-wheelers, three-wheelers, light commercial vehicles, agricultural tyres, tread rubber, and various accessories such as bonding gum, tyre flaps, and vulcanizing solutions.
As of March 31, 2024, the company operated 8 depots and had 3,737 dealers nationwide.
The company operates three manufacturing facilities, with two located at Mattoor in Kalady, Kerala, and the third in Al Hamra Industrial Zone in Ras Al Khaimah, UAE.
The company has 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category.
The company has obtained various quality certifications such as ISO 9001:2015, IATF 16949:2016 issued by UK Certifications.
The company's clientele includes Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip. etc. for products.
As of March 31, 2024, the company has developed 163 new designs and products and has also created moulds for them.
As of March 31, 2024, the company's sales and marketing team comprised 55 employees, including contract workers who reported to the Chairman and Managing

2. Objects of the Issue

Diversified Product Range and Customised Product Offering:
Our Company is divided into two business verticals based on the two product categories. We manufacture Tyres and Tread Rubber. We have unique competitive advantages and uniqueness in both the categories, which has been discovered through consumer insights,studies and market research. We have a total of 154stock keeping units (SKU) in tyre category and 993SKUs in tread rubber, this catalogue has been built overthedecades to fit in with market requirements and to fulfil customer requirements.
Quality of Products:
We believe that quality plays a prime role in growth of any organisation. Our Company believes in manufacturing quality products and adheres to various qualitative standards. Our products undergo quality check at various levels of production to ensure that any quality defects or product errors are rectified on real time basis. We also have an in-house laboratory for conducting various tests for further improvements in our products. Further we have also been accredited with various quality certifications such as ISO 9001:2015, IATF 16949:2016 issued by UK Certifications. Our Company (tyre plant) are BIS (ISI required for Tyres) approved and almost all required sizes have got BIS product certification, which is mandatory for manufacturing and marketing Tyres in India. OurCompany has also been accredited with Department of Transportation certificate from United States of America for exporting our products to USA and E mark E32 certification for Europe.
Long standing relationship with large OEMs and dealer network in India and our Depots:
In over three decades of our operations, we have established long-standing relationships with several well established Indian and global customers like,Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, Tyre Grip. etc.for products. Our diversified product portfolio helps us cater to the requirements of a broad spectrum ofcustomers which includes OEMs, domestic dealer network and our depots across the country. We believe that the strength of our customer relationships is attributable to our ability to customize to customer specifications and requirements, as well as our track record of consistent delivery of quality and cost-effective products and solutions over the years. We engage with our key customers at various stages of product development, commencing from product design, validation and testing up to final manufacturing and delivery. This helps us understand customer requirements and future plans better, enabling us to forecast, plan and manufacture our products accordingly, thereby resulting in business optimization, improved productivity, efficiency and margins.

3. Tolins Tyres IPO Registrar
Cameo Corporate Services Limited

Phone: +91-44-28460390

Email: priya@cameoindia.com

Website:https://ipo.cameoindia.com/

Tolins Tyres Limited IPO Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
221.6
228.69
26.01
100.53
85.07
78.77
Amount in Rs. Lakhs

Tolins Tyres Limited IPO (Tolins Tyres IPO) IPO Details

Issue Opening Date
September 9, 2024
Issue Closing Date
September 11, 2024
Face Value
Rs.5 per share
Price
Rs.215 to Rs.226 per share
Lot Size
66 Shares
Issue Size
10,176,992 shares (aggregating up to Rs.230.00 Cr)
Fresh Issue
8,849,558 shares (aggregating up to Rs.200.00 Cr)
Offer for Sale
1,327,434 shares of ₹5 (aggregating up to Rs.30.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Tolins Tyres Limited IPO (Tolins Tyres IPO) IPO Timeline

Event
Tentative Date
Opening Date
Monday, September 9, 2024
Closing Date
Wednesday, September 11, 2024
Basis of Allotment
Thursday, September 12, 2024
Initiation of Refunds
Friday, September 13, 2024
Credit of Shares to Demat
Friday, September 13, 2024
Listing Date
Monday, September 16, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 11, 2024

Prospectus

Prospectus File

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