Tolins Tyres Limited, founded in 1982, is a Kerala-based company known for manufacturing a wide range of tyres, including those for two-wheelers, three-wheelers, light commercial vehicles, and agricultural vehicles. The company also produces tread rubber and related products, with a significant export presence in over 40 countries, including the Middle East, Africa, and the Americas. Tolins was the first Indian company to successfully enter the competitive American market for pre-cured retreading products.
History and Growth
Founded by K. P. Varkey in Kerala, Tolins Tyres began as a small tread rubber manufacturing unit. Over the decades, it expanded into manufacturing a variety of tyres and retreading products, establishing a presence in over 40 countries.
The company diversified its offerings to include:
- Tyres for two-wheelers, three-wheelers, and light commercial vehicles (LCVs)
- Agricultural and off-road tyres
- Tread rubber products (used for retreading tyres)
By the mid-2000s, Tolins expanded internationally, setting up a plant in Ras Al Khaimah, UAE. The company also broadened its domestic operations with manufacturing plants in Kerala and a vast network of over 3,700 dealers across India.
Products and Manufacturing
Tolins produces a wide range of products:
- Light Commercial Vehicle Tyres
- Two/Three-Wheeler Tyres
- Agriculture and Off-Road Tyres
- Tread Rubber (precured and conventional)
- Accessories such as tyre tubes, bonding gum, and vulcanizing solutions
The company’s products are known for their high quality, durability, and adherence to international standards. Their extensive research and development efforts have led to the creation of over 160 new tyre designs as of 2024.
Tolins Tyres has continuously evolved to maintain its competitive edge, focusing on innovation, expansion into new markets, and product diversification.
Tolins Tyres Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 09 Sep 2024 |
| IPO Close Date | 11 Sep 2024 |
| Allotment Date | 12 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Tolins Tyres Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 215 to Rs. 226 Per Equity Share |
| Market Lot | 66 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 230 Crore. |
Tolins Tyres Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 66 | Rs. 14916 |
| Maximum | 13 | 858 | Rs. 193908 |
| Small HNI (Minimum) | 14 | 924 | Rs. 208824 |
| Big HNI (Minimum) | 68 | 4488 | Rs. 1014288 |
Tolins Tyres Limited IPO Allotment Status
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Click Here To Get ASBA Forms Tolins Tyres Limited IPO
Company Financials:
| Particular | 31 March 2024 | – | – |
| Total Assets | 221.60 | – | – |
| Total Revenue | 228.69 | – | – |
| Profit After Tax | 26.01 | – | – |
Company Promoters:
The Promoters of the company are Kalamparambil Varkey Tolin and Jerin Tolin.
Objects of this 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Tolins Tyres Limited No. 1/47, M C Road Kalady, Ernakulam Aluva – 683574 Phone: +917259287215 Email: cs@tolins.com Website: https://www.tolinstyres.com | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
