Tolins Tyres IPO
Tolins Tyres Limited (TOLINS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.7% (likely range -9% to +20%), day's high +6.8%, chance of a gain 51%. Actual: +0.9% at the open, +5.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 21,39,534 | 5,43,83,274 | 25.4x | |
| NII (HNI) total | 16,04,652 | 4,39,84,578 | 27.4x | |
| Big NII (above ₹10 lakh) | 10,69,768 | 2,68,58,634 | 25.1x | |
| Small NII (₹2-10 lakh) | 5,34,884 | 1,71,25,944 | 32.0x | |
| Retail | 37,44,186 | 8,05,58,676 | 21.5x | |
| Total | 74,88,372 | 17,89,26,528 | 23.9x |
Bids on NSE and BSE together, as published by NSE, as of 11 Sep 2024, 07:00 PM. Shares offered exclude the anchor portion. 39% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Tolins Tyres's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
| R K SwamyMar 2024 | 20.6x | 34.4x | 34.0x | 25.9x | ₹424 Cr | -13.2% | -1.1% |
| J G ChemicalsMar 2024 | 32.1x | 46.3x | 17.4x | 27.8x | ₹256 Cr | -5.4% | -3.3% |
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Venus Pipes and TubesMay 2022 | 12.0x | 15.7x | 19.0x | 16.3x | ₹165 Cr | +3.5% | +8.7% |
| Suraj Estate DevelopersDec 2023 | 24.3x | 18.9x | 9.30x | 15.6x | ₹424 Cr | -5.6% | -1.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Saffron Capital Advisors | 4 | -3.9% | 25% |
Offer documents (NSE)
Frequently asked
What is the Tolins Tyres IPO price band and lot size? ₹215–226 per share, with a lot of 66 shares, so the smallest retail bid is ₹14,916.
How many times has it been subscribed? 23.9x overall: QIB 25.4x, NII 27.4x, retail 21.5x.
How did it list? It opened at ₹228, +0.9% against the issue price of ₹226, and closed its first day +5.9%.
