Tolins Tyres Ltd.
Industry:
Tyres & Allied
Issue Details
Open Date
09 Sep 2024Close Date
11 Sep 2024Size (in Crs.)
169.237
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-11Lot Size
66
Type
Book building
Face Value
5
Market Lot
1
Objective of the Issue
1. Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company.2. Augmentation of long-term working capital requirements of our Company.3. Investment in our wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/ or prepay, in full, certain of its short term and long term borrowings and augmentation of its working capital requirements.4. General corporate purposes.
Description
We are a leading player in the Tyre & Treads industry with all India presence with a diverse product range. We areone of the companies that are present in both verticals – manufacturing of new tyres and tread rubber. Our Companyhas established itself as a major tyre retreading solutions provider across India and exported to 40 foreign countries,including the Middle East, East Africa, Jordan, Kenya and Egypt. The major products of the Company include twowheeler,three- wheelers, light commercial vehicle and agri... Show More
Address
No. 1/47, M C Road , Kalady , Ernakulam
Aluva
683574
Promoter Holding
Promoters:
Jerin Tolin, Kalamparambil Varkey Tolin
Total Share Capital
28400899
Offered to Public
10176991
% Promoter's Holding (Pre-Issue)
92.64
% Promoter's Holding (Post-Issue)
68.53
Shares on offer
Total Share Offer
28400899
Of above offred to public
10176991
Post Issue shares
NA
Post Issue Promoters
68.53
Lead Managers to the Issue:
Saffron Capital Advisors Pvt Ltd
Registrar Details
Registrar Name:
Cameo Corporate Services Ltd
Address
Subramanian Buildings No 1 , Club House Road , , Chennai
600002
Phone No.
044-28460390/28460394
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Website
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Fax
044-28460129