Tolins Tyres IPO Subscription Status

Tolins Tyres' initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three days. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 8.34 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Tolins Tyres' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 9th September 2024, has seen increasing investor participation across all categories. The Retail segment, in particular, has shown exceptional demand, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) categories have also demonstrated growing interest.

This enthusiastic response to Tolins Tyres' IPO comes amid positive sentiment in the Indian stock market, especially in the automotive and industrial sectors. Investors appear to be drawn to the company’s strong market presence and its potential for growth in India's tyre industry.

Subscription Status of Tolins Tyres IPO for Days 1, 2, and 3:

On day 1, Tolins Tyres IPO was subscribed 2.01 times. By the end of day 2, the subscription status had risen to 6.45 times; on day 3, it reached 8.34 times.

Here are the subscription details for Tolins Tyres IPO as of Day 3 (11th September 2024 at 11:11:08 AM):

Total Applications: 720,842

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors is not included in the total number of shares offered.

Key Highlights:

• The IPO of Tolins Tyres is currently subscribed 8.34 times, with strong demand across investor categories.
• Retail investors have shown exceptional interest, with a subscription ratio of 12.24 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 7.59 times.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 2.08 times.
• The overall subscription trend shows a significant increase day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Tolins Tyres IPO - Day 2 Subscription at 5.56 Times

Key Highlights:

• On Day 2, Tolins Tyres' IPO was subscribed 5.56 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 8.98 times, more than doubling their subscription from the previous day.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 4.32 times.
• Qualified Institutional Buyers (QIB) showed slightly increased interest with a subscription ratio of 0.48 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.
   

Tolins Tyres IPO - Day 1 Subscription at 1.93 Times

Key Highlights:

• The IPO of Tolins Tyres was subscribed 1.93 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 3.41 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 0.88 times.
• Qualified Institutional Buyers (QIB) showed initial interest with a subscription ratio of 0.13 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Tolins Tyres IPO:

Tolins Tyres Limited, incorporated in 2003, is a prominent tyre manufacturing company with a strong presence in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. The company's business is divided into two main verticals: tyre manufacturing and tread rubber manufacturing.

Key features of Tolins Tyres:

• Diverse product range including Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres (OTR), Two-wheeler & Three-wheeler Tyres, Tyre Tubes & Tyre Flaps, Precured Tread Rubber (PCTR), Conventional Tread Rubber, Bonding Gum, Vulcanising solution, and Rope Rubber & Others
• Three manufacturing facilities: two in Mattoor, Kalady, Kerala, and one in Al Hamra Industrial Zone, Ras Al Khaimah, UAE
• 8 depots and 3,737 dealers nationwide as of 31st March 2024
• 163 stock-keeping units (SKUs) in the tyre category and 1,003 SKUs in the tread rubber category
• Quality certifications: ISO 9001:2015 and IATF 16949:2016 issued by UK Certifications
• 163 new designs and products developed as of 31st March 2024
• Sales and marketing team of 55 employees as of 31st March 2024

Highlights of the Tolins Tyres IPO:

• IPO Date: 9th September 2024 to 11th September 2024
• Listing Date: 16th September 2024 (Tentative)
• Face Value: ₹5 per share
• Price Band: ₹215 to ₹226 per share
• Lot Size: 66 Shares
• Total Issue Size: 10,176,992 shares (aggregating up to ₹230.00 Cr)
• Fresh Issue: 8,849,558 shares (aggregating up to ₹200.00 Cr)
• Offer for Sale: 1,327,434 shares (aggregating up to ₹30.00 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Manager: Saffron Capital Advisors Private Limited
• Registrar: Cameo Corporate Services Limited