Tolins Tyres Limited IPO
Tolins Tyres Limited was a mainboard IPO in the Tyres & Rubber Products sector, offered at ₹215–₹226 per share to raise ₹269 crore. The issue was subscribed 23.89× overall (QIBs 25.42×, NIIs 27.41×, retail 21.52×). It listed on 16 Sep 2024 at ₹228 and closed its first day at ₹239, a listing gain of +5.9% versus the ₹226 issue price. It now trades around ₹82 (-63.8% versus the issue price).
Frequently asked questions
- How many times was the Tolins Tyres Limited IPO subscribed?
- The Tolins Tyres Limited IPO was subscribed 23.89× overall — 25.42× in the QIB category, 27.41× among non-institutional investors, 21.52× in retail.
- What were the Tolins Tyres Limited IPO listing gains?
- Tolins Tyres Limited listed on 16 Sep 2024 at ₹228, closing its first day at ₹239 — a listing gain of +5.9% versus the ₹226 issue price.
- What were the retail allotment odds for the Tolins Tyres Limited IPO?
- Retail was subscribed 21.52×, so a single-lot application had roughly a 4.6% chance of allotment (about 1 in 22), and allotment was finalised on 12 Sep 2024.
- What was the price band and lot size of the Tolins Tyres Limited IPO?
- The price band was ₹215–₹226 per share, with a minimum lot of 66 shares (₹14,916 at the upper band).
- Who were the registrar and lead manager for the Tolins Tyres Limited IPO?
- Cameo Corporate Services Limited was the registrar, and Saffron Capital Advisors was the book-running lead manager.