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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Tolins Tyres Ltd
Registered Office:
No 1/47 M C Road,Kalady Ernakumalm,
Aluva - 683574,
Kerala, India.
Email :  cs@tolins.com
Initial public offer of 10,176,991 equity shares of face value (Rs) 5 each ("Equity Shares") of Tolins Tyres Limited for cash at a price of (Rs) 226 per equity share (including a share premium of (Rs) 221 per equity share) (the "Offer Price"), aggregating to (Rs) 230.00 crores comprising of a fresh issue of 8,849,557* equity shares of face value (Rs) 5 each aggregating to (Rs)200.00 crores (the "Fresh Issue") and an offer for sale of 1,327,432* equity shares of face value of (Rs) 5 each aggregating to (Rs) 30.00 crores (the "Offer for Sale"), consisting of 663,716 equity shares of face value of (Rs) 5 each aggregating to (Rs) 15.00 crores by Kalamparambil varkey tolin and 663,716 equity shares of face value of (Rs) 5 each aggregating to (Rs) 15.00 crores by Jerin Tolin (collectively, the "Selling Shareholders" and such equity shares, the "Offered Shares"). The offer price is 45.2 times the face value of the equity shares. *Read this number as per corrigendum to prospectus
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
09-Sep-24
11-Sep-24
226.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 66     Further Multiples of : 66
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
183.80
Saffron Capital Advisors Pvt Ltd
Project Financed
230.00
 
Post Issue
19.75
 
Issue Price
226.00
 
Projects
Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the company
Augmentation of long term working capital requiremnts of the company
Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
Augmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd
General corporate purposes
Promoted By
Kalamparambil Varkey Tolin
Jerin Tolin
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
.
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