Specialty Tyres/Rubber - Listed on 16 September 2024
Tolins Tyres (Specialty Tyres/Rubber) closed its IPO window in 2024 and listed on NSE and BSE on 16 September 2024 at an upper band issue price of Rs 226, opening at Rs 228 for a listing gain of +0.9% and closing day one at Rs 239.4 (+5.9% on closing basis). The IPO was subscribed 23.45x overall - QIB 25.42x, HNI/NII 27.30x, Retail 20.66x. The total issue size was Rs 230 Cr (Fresh Issue Rs 200 Cr, OFS Rs 30 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Specialty Tyres/Rubber
Tolins Tyres operates in the Specialty Tyres/Rubber space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Tolins Tyres issue was offered at an upper price of Rs 226 and raised approximately Rs 230 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 25 | +13.27% |
| Day 2 | Rs 25 | +13.27% |
| Day 3 | Rs 30 | +17.70% |
| Day 4 | Rs 35 | +17.70% |
| Day 5 | Rs 40 | +15.49% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Tolins Tyres IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Tolins Tyres IPO listed at +0.9% versus the upper issue price of Rs 226 on 16 September 2024.
Tolins Tyres IPO was subscribed 23.45x overall. QIB portion was subscribed 25.42x, HNI / NII 27.30x and Retail 20.66x.
IPO GMP started at Rs 25 on Day 1 and moved to Rs 40 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.