Tolin Tyres Shares Allotment Expected Today: Check Status, GMP, Listing Date & Other Details

He allocation of shares of Tolin Tires IPO The transaction is likely to be finalized today. Investors will receive shares through a draw, and the entire process will be supervised by the registrar. On the allotment date, investors will learn how many shares they will be allocated compared to the bids made.

You can check the status of the allotment through the BSE or by visiting the registrar’s website. Here is how you can check the status on the BSE or even on the registrar’s website.

First, here’s how you can find out your BSE status:

Step 1:Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2:Select the issue name, i.e. the company name from the drop-down menu.

Step 3:Enter the application number or PAN number to check the allotment status.

To check the status of Tolin Tyres IPO allotment through the registrar, which in this case is Link Intime India, follow the steps below:

Step 1:Visit the Cameo Corporate Services website (https://ipo.cameoindia.com/)

Step 2:Select Tolin Tyres IPO

Step 3:Enter the PAN details and click on search to know the status

Tolins GMP Tires

The company’s shares are expected to be listed on the stock exchanges on September 16. In the unlisted market, the company’s shares are trading at a GMP of Rs 30, which translates to a 13% premium over the issue price.

Subscription to the IPO of Tolins Tyres

Korss’ initial public offering (IPO) was nearly 24 times oversubscribed, driven by strong demand across all categories.

Of the Rs 200 crore raised through the IPO, Rs 75 crore will be used to raise long-term working capital requirements and Rs 62 crore for repayment of initial investment. Additionally, around Rs 24 crore will be used to invest in the company’s subsidiary. Tolin rubbers to pay off its debt and support its working capital needs.

Tolins Tires It is present in both sectors: manufacturing of new tyres and tread rubber. It is mainly engaged in the manufacturing of bias tyres for vehicles (including light commercial vehicles, agricultural vehicles and two and three wheels) and pre-cured tread rubber.

Its competitive strengths lie in its operational efficiency, ensuring on-time deliveries, strict quality control and product innovations.

The company has achieved robust growth in revenue, EBITDA and PAT at a CAGR of 42%, 176% and 542% between FY22 and FY24, driven by capacity expansion and vertical integration.

Its operating revenue in FY24 stood at Rs 227 crore and profit at Rs 26 crore. In FY24, the company generated revenue of Rs 51 crore from new tyre sales, which accounted for 24% of total sales. Meanwhile, tread revenue accounted for the remaining 76% of total sales.

Saffron Capital Advisor acts as the sole lead bookkeeper of the issue, while Cameo Corporate Services is the registrar.

(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the opinions of Economic times)