Tolins Tyres IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Tolins Tyres IPO. Explore Tolins Tyres IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Tolins Tyres Limited is a prominent player in the tyre industry, renowned for its comprehensive range of products and significant market presence. Established in 1982 and incorporated in 2003, the company specializes in manufacturing new tyres and tread rubber for a variety of vehicles, including two-wheelers, three-wheelers, light commercial vehicles, and agricultural machinery. It also produces ancillary products such as bonding gum, tyre flaps, and vulcanizing solutions. Tolins Tyres operates both domestically and internationally, with a strong presence in 40 countries across the Middle East, East Africa, Jordan, Kenya, and Egypt.
Key Points:
- Diverse Product Range: Tolins Tyres manufactures a wide array of products, including bias tyres for various vehicles, precured tread rubber, and ancillary products like bonding gum and tyre flaps.
- Global Presence: Tolins Tyres exports to 40 countries, with a significant presence in the Middle East, ASEAN region, and Africa.
- Manufacturing Facilities: The company operates three manufacturing facilities: two in Mattoor, Kalady, Kerala, India, and one in Ras Al Khaimah, UAE. These facilities are strategically located to optimize access to raw materials and infrastructure.
- Capacity and Innovation: Tolins Tyres has a consolidated manufacturing capacity of 15.1 lakh tyres, 12,486 tons of tread rubber, and 17,160 tons of rubber compound.
- Quality and Certification: The company’s products are BIS (ISI) certified, ensuring they meet Indian industry standards. It also adheres to stringent quality control measures throughout the production process.
- Distribution Network: Tolins Tyres has a widespread network of 8 depots and 3,737 dealers across India. This extensive network supports its domestic and export operations.
Objects of the Issue
- Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company
- Augmentation of long-term working capital requirements of the Company
- Investment in the 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
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 09 Sep - 11 Sep 2024 |
| IPO Price Band | ₹215 - ₹226 per share |
| Fresh Issue | ₹200 crore |
| Offer For Sale | ₹30 crore |
| Total IPO Size | ₹230 crore |
| Face Value | ₹5 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 09 Sep 2024 |
| IPO Closing Date | 11 Sep 2024 |
| Basis Of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Demat Transfer | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 106.92 | 114.39 | 119.68 | 228.69 |
| Total Expenses | 106.01 | 113.53 | 112.65 | 195.80 |
| Net Profit/Loss | 0.77 | 0.63 | 4.99 | 26.01 |
| NPM (*) | 0.72 | 0.56 | 4.22 | 11.45 |
| Total Assets | 87.96 | 99.14 | 83.82 | 221.60 |
| Total Liabilities | 78.28 | 88.32 | 64.40 | 121.07 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.43 | 0.35 | 2.55 | 9.52 |
| ROE (%) | 7.90 | 5.83 | 25.70 | 25.87 |
| ROCE (%) | 14.53 | 14.80 | 31.49 | 36.08 |
| D/E Ratio | 4.78 | 4.51 | 2.42 | 0.78 |
| Current Ratio | NA | 1.07 | 1.25 | 1.43 |
| EBITDA MARGIN (%) | 5.33 | 5.37 | 10.37 | 20.41 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Tolins Tyres Limited | 227.22 | 23.74 | 9.52 | 25.87 | 36.80 |
| Indag Rubber Limited | 251.19 | 39.94 | 6.15 | 6.79 | 87.46 |
| Vamshi Rubber Limited | 77.42 | 27.94 | 1.87 | 4.46 | 32.54 |
| TVS Srichakra Limited | 2,926.0 | 33.76 | 140.98 | 9.70 | 1,451.55 |
| GRP Ltd | 461.38 | 24.07 | 169.78 | 13.58 | 1,250.57 |
| Elgi Rubber Company Limited | 386.45 | 45.12 | 2.33 | 6.15 | 37.91 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 26.72 |
| Non-Institutional Investor (NII/HNI) | 28.8 |
| Retail Individual Investor (RII) | 22.45 |
| Total | 25.03 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- DR. KALAMPARAMBIL VARKEY TOLIN
- JERIN TOLIN
Lead Managers
- Saffron Capital Advisors Private Limited
Company Address
Tolins Tyres Limited
No. 1/47, M C Road, Kalady, Ernakulam, Aluva - 683 574, Kerala, India.
Phone: +91 72592 87215
Email: cs@tolins.com
Website: www.tolinstyres.com
FAQs
- What is the issue size of the Tolins Tyres IPO?The Tolins Tyres IPO has an issue size of ₹230 crore. This includes a fresh issue of ₹200 crore and an offer for sale (OFS) of ₹30 crore.
- What is the price band of the Tolins Tyres IPO?The price band for the Tolins Tyres IPO is ₹215 - ₹226 per share.
- What are the bidding dates for the Tolins Tyres IPO?The Tolins Tyres IPO will open for bidding on 09 Sep 2024 and close on 11 Sep 2024.
- What is the allotment date for the Tolins Tyres IPO?The allotment date for the Tolins Tyres IPO is 12 Sep 2024.
- What is the listing date for the Tolins Tyres IPO?The listing date for the Tolins Tyres IPO is 16 Sep 2024.
- What is the Tolins Tyres IPO grey market premium?The grey market premium (GMP) for the Tolins Tyres IPO is currently at ₹30, with an expected listing gain of approximately 13.27%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.