Tolins Tyres IPO Allotment Status: Important Dates, Price. If the subscription goes well, the Tolins Tyres IPO share distribution status should be finalized on Thursday, September 12. From September 9 to September 11, people could bid on the Tolins Tyres IPO. Non-Institutional Investors (NIIs) helped the Tolins Tyres IPO get a lot of bids during the bidding process. The last day of buying for the Tolins Tyres Energy IPO saw bids for almost 24 times as many shares (17.89 crore) as were available for subscription.
The retail group booked their share for the mainboard IPO 21.53 times, while the NIIs booked theirs 27.41 times. There were 25.42 times that the Qualified Institutional Buyers (QIBs) bought their share.
People who bought shares in the initial public offering (IPO) are now waiting for the company to confirm the share allocation status. IPO registrar Cameo Corporate Services, the NSE, and the BSE all have websites where buyers can check on the status of their Tolins Tyres shares.
Tolins Tyres IPO Allotment Status
Here’s how to check Tolins Tyres IPO share allotment on the NSE
- Go to www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp to see the progress of your NSE IPO allotment.
- Use your user name and password to get in. You need an account to see what is going on.
- After you log in, from the drop-down box, pick Tolins Tyres.
- Check your PAN information.
- After that, type in your IPO application number.
- Click on “Submit” to see the information of your allotment.
Steps to check Tolins Tyres IPO share allotment on registrar website
- To begin, go to https://ipo.cameoindia.com/, which is the website of the registrar, Cameo Corporate Services.
- Select the business from the list.
- After that, go to Tolins Tyres Limited.
- Type in your application number, PAN, DP/Client ID, account number, or IFSC code.
- Press the “Submit” button. You will be able to see the progress of your plot.
Investors can also use their PAN and bank account information to check the state of their Tolins Tyres IPO shares on the BSE website.
What are the IPO price range, listing date, and other information for Tolins Tyres?
The IPO for Tolins Tyres raised ₹230 crore through book-building. A new issue of 88 lakh shares worth ₹200 crore and an offer-for-sale (OFS) of 13 lakh shares worth ₹30 crore made up the mainboard public offering. The IPO price range for Tolins Tyres was set at ₹215 to ₹226 per share. Retail buyers had to put in at least ₹14,916 in order to get a single lot size of at least 66 shares. The NSE and BSE plan to list Tolins Tyres shares on September 16.
Tolins Tyres IPO objective
With the extra money from the IPO, Tolins Tyres Limited will fully return or prepay some loans, meet its long-term working capital needs, and put money into its wholly-owned subsidiary, Tolin Rubbers Private Limited. They will also use some of the money for general business needs.
About Tolins Tyres Limited
One thing that Tolins Tyres does is make tires. They also do retreading. It sends goods to more than 40 different countries. Since its founding in 2003, the business has been doing two main things: manufacturing and making tread rubber. Light industrial, off-road, two-wheeler, and three-wheeler tires, as well as retreading materials like pre-cured tread rubber and bonding gum, are all things that the company sells.
