Tolins Tyres Limited IPO GMP Today, Grey Market Premium, Opening And Closing Dates | Good news is continuously coming out for IPO investors in the country. Because new IPOs are continuously getting listed in the share market. Another great opportunity has emerged for investors. World famous tire company is coming with its IPO. The name of this company is Tolins Tyres. Let us know all the important things related to Tolins Tires IPO GMP and other details…
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Tolins Tyres Limited IPO Details
Tolins Tires has announced the price band and lot size for its IPO. According to the information released by Tolins Tires, under this issue Tolins Tires will issue 10,176,992 shares with a face value of Rs 5.
Of these, 8,849,558 fresh shares worth Rs 200 crore will be issued. Along with this, 1,327,434 shares worth Rs 30 crore will be offered for bid through Offer for Sale (OFS).
50 per cent of the Tolins Tires IPO is reserved for qualified institutional buyers, 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs).
Tolins Tyres Limited IPO GMP Aka Grey Market premium
According to the Investorgain website, Tolins Tires’ portion of the grey market premium was +25. Tolins Tyres share was trading for ₹25 higher than the issue price. Market expects Tolins Tyres to list at ₹251, 11.06% or ₹25 more than the issue price’s upper band of ₹226
Tolins Tyres Limited IPO Opening And Closing Date
The IPO of Tolins Tires will open for investors on September 9. Along with this, it can be subscribed till 11th September. Tolins Tires IPO will be opened for anchor investors on 6 September.
Tolins Tyres Limited IPO Price Band
Tolins Tires IPO Price Band has been fixed at Rs 215-226.
Tolins Tyres Limited Company Details
According to Tolins Tyres official website, Tolins Tyres, founded in 1982 as an small scale industry unit, has emerged as a leading producer in the tire industry, specializing in a diverse range of products. Our portfolio includes two and three-wheeler tyres, Light Commercial Vehicle (LCV) tyres and Agriculture tyres. Furthermore, Tolins Tyres takes pride in our innovative Precured Tread Rubber and other retreading products, showcasing our commitment to cutting-edge technology.
Tolins Tyres’s products have not only garnered acclaim in India but have also made a significant impact across 40 countries, including the Middle East, East Africa, Kenya, Jordan, and Egypt. Tolins stands out as the first Indian retread brand to not only enter but thrive in the highly competitive American market for pre-cured retreading products.
Tolins Tyres Limited IPO FAQ
What is Tolins Tyres Limited IPO GMP Aka Grey Market Premium?
Market expects Tolins Tyres to list at ₹251, 11.06% or ₹25 more than the issue price’s upper band of ₹226 according to media reports.
What is Tolins Tyres Limited IPO Opening Date?
IPO of Tolins Tires will open for investors on September 9. Tolins Tires IPO will be opened for anchor investors on 6 September.
What is Tolins Tyres Limited IPO Closing Date?
Tolins Tyres Limited IPO Closing Date is 11 september.
What is Tolins Tyres Limited IPO Price Band?
Tolins Tires IPO Price Band has been fixed at Rs 215-226.