| Tolins Tyres Ltd |
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| Registered Office: No 1/47 M C Road,Kalady Ernakumalm,Aluva-683574, Kerala |
| Tel. No: +91 72592 87215 |
| Fax No: |
| Email: cs@tolins.com |
| Website: www.tolinstyres.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-2024 | 11-Sep-2024 | ₹226.00 - 0.00 | ₹0.00 - 0.00 |
| Minimum Application for shares in Nos : 66 | Further Multiples of :66 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 183.80 | Saffron Capital Advisors Pvt Ltd |
| Project Financed through Current Offer | 230.00 | |
| Post Issue Equity Share Capital | 19.75 | |
| Issue Price | 226.00 |
| Projects |
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| 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 |
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| Kalamparambil Varkey Tolin |
| Jerin Tolin |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
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