Tolins Tyres Ltd - IPO

Tolins Tyres Ltd IPO Details

Initial public offer of 10,176,991 equity shares of face value Rs. 5 each (Equity Shares) of Tolins Tyres Limited for cash at a price of Rs. 226 per equity share (including a share premium of Rs. 221 per equity share) (the Offer Price), aggregating to Rs. 230.00 crores comprising of a fresh issue of 8,849,557* equity shares of face value Rs. 5 each aggregating to Rs.200.00 crores (the Fresh Issue) and an offer for sale of 1,327,432* equity shares of face value of Rs. 5 each aggregating to Rs. 30.00 crores (the Offer for Sale), consisting of 663,716 equity shares of face value of Rs. 5 each aggregating to Rs. 15.00 crores by Kalamparambil varkey tolin and 663,716 equity shares of face value of Rs. 5 each aggregating to Rs. 15.00 crores by Jerin Tolin (collectively, the Selling Shareholders and such equity shares, the Offered Shares).The offer price is 45.2 times the face value of the equity shares.*Read this number as per corrigendum to prospectus

Objective of issue

Repayment and/or prepayment in full or certain outstanding loans(including foreclosure charges if any) availed by the company. Augmentation of long term working capital requiremnts of the company. Repayment and or prepayment in full or certain outstanding loans of its wholly owned subsidiary Tolin Rubbers Pvt Ltd. Augmentation of long term working capital requirements of its wholly owned subsidiary Tolin Rubbers Pvt Ltd. General corporate purposes.

Tolins Tyres Ltd Contact Details

Tolins Tyres Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@tolins.com

Website - www.tolinstyres.com