Tolins Tyres IPO Allotment Status

Summary

Tolins Tyres IPO has garnered a robust response from investors, closing with an impressive subscription of 24.57 times by 11th September 2024 at 5:05:09 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 28.68 times, reflecting significant interest from wealthy individual investors and smaller institutions, with small NIIs (bids below ₹10L) showing particularly strong interest at 33.27 times.

The Qualified Institutional Buyers (QIB) category demonstrated strong engagement, subscribing 26.72 times, indicating confidence from institutional investors in Tolins Tyres' market potential. Retail investors also showed solid interest, with the IPO being subscribed 21.57 times in this category. This strong response across all categories underscores the positive market sentiment towards Tolins Tyres' offering and suggests optimistic investor expectations for the company's future performance.

How to Check Tolins Tyres IPO Allotment Status:

How do you Check Tolins Tyres IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Cameo Corporate Services Limited. (https://ipo.cameoindia.com/)

Step 2: From the selection menu, choose Tolins Tyres IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to CheckTolins Tyres IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Tolins Tyres IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Tolins Tyres Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Tolins Tyres IPO Timeline:

Tolins Tyres IPO Subscription Status

The Tolins Tyres IPO received 24.57 subscriptions. By 11th September 2024 at 5:05:09 PM (Day 3), the public issue had been subscribed 21.57 times in the retail category, 26.72 times in the QIB category, and 28.68 times in the NII category.

Subscription Day 3 (as of 5:05:09 PM)
Total Subscription: 24.57 times.
QIBs: 26.72 times.
Non-institutional investors: 28.68 times.
Retail investors: 21.57 times.

Subscription Day 2
Total Subscription: 5.56 times.
QIBs: 0.48 times.
Non-institutional investors: 4.32 times.
Retail investors: 8.98 times.

Subscription Day 1
Total Subscription: 1.93 times.
QIBs: 0.13 times.
Non-institutional investors: 0.88 times.
Retail investors: 3.41 times.
 

Tolins Tyres IPO Details 

Tolins Tyres' initial public offering (IPO) is a book-built issue amounting to ₹230.00 crores. This offering consists of a fresh issue of 0.88 crore shares aggregating to ₹200.00 crores and an offer for sale of 0.13 crore shares aggregating to ₹30.00 crores.

The bidding process for the Tolins Tyres IPO commenced on 9th September 2024 and concluded on 11th September 2024. The allotment results for this IPO are anticipated to be finalised on 12th September 2024. Furthermore, the shares of Tolins Tyres are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 16th September 2024.

The price range for the Tolins Tyres IPO has been established between ₹215 and ₹226 per share. Investors must apply for a minimum lot size of 66 shares, which requires a minimum investment of ₹14,916 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (924 shares), totalling ₹208,824. In contrast, for big non-institutional investors (bNII), the minimum investment is 68 lots (4,488 shares), amounting to ₹1,014,288.

Saffron Capital Advisors Private Limited is the book-running lead manager for the Tolins Tyres IPO, and Cameo Corporate Services Limited is designated as the registrar.

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