Tolins Tyres IPO allotment expected today: Steps to check status on NSE, Cameo Corporate Services

Tolins Tyres IPO share allotment status is expected to be finalised on Thursday, September 12, after the successful subscription.

The bidding window for the Tolins Tyres IPO was open from September 9 to September 11.

Tolins Tyres IPO saw a strong demand during the bidding period, backed by Non-Institutional Investors (NIIs). On the last day of bidding, Tolins Tyres Energy IPO was booked nearly 24 times with bids for nearly 17.89 crore shares compared to 74.88 lakh shares offered for subscription.

The mainboard IPO was booked 21.53 times in the retail category while the NIIs booked their quota 27.41 times. The Qualified Institutional Buyers (QIBs) booked their portion 25.42 times.

The investors, who participated in the IPO subscription, are waiting for the company to finalise the share allotment status. The investors can check Tolins Tyres share allotment status on the websites of the NSE, BSE and the IPO registrar, Cameo Corporate Services.

Here’s how to check Tolins Tyres IPO share allotment on the NSE

• Navigate to the NSE IPO allotment status page at www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your username and password. You need to have an account to check the status
• After logging in, choose Tolins Tyres from the drop down menu
• Verify your PAN details
• After this, enter your IPO application No
• Click on Submit to view the allotment details

Steps to check Tolins Tyres IPO share allotment on registrar website

• First, go to the website of the registrar that is Cameo Corporate Services: https://ipo.cameoindia.com/
• Click on the company dropdown menu
• After this, go to Tolins Tyres Limited
• Enter your application No or PAN, DP/Client ID or Account No / IFSC
• Click on submit. You will be able to view your allotment status.

Similarly, the investors can also check Tolins Tyres IPO allotment status on the BSE website by using PAN and Bank account details.

Tolins Tyres IPO price band, listing date and other details

Tolins Tyres IPO was a book-building issue worth ₹230 crore. The mainboard public offering consisted of a fresh issue of 88 lakh shares, amounting to ₹200 crore, along with an offer-for-sale (OFS) of 13 lakh shares worth ₹30 crore.

Tolins Tyres IPO price band was fixed at ₹215 to ₹226 per share. Retail investors had to invest a minimum amount of ₹14,916 to apply for a minimum single lot size of 66 shares.

Tolins Tyres shares are scheduled to be listed on the NSE and BSE on September 16.

Tolins Tyres IPO objective

Tolins Tyres Limited will use the fresh proceeds from the IPO to fully repay or prepay certain outstanding loans, address long-term working capital needs, and invest in its wholly-owned subsidiary, Tolin Rubbers Private Limited. A portion of the funds will also be used for general corporate purposes.

About Tolins Tyres Limited

Tolins Tyres is a tyre manufacturing company that also offers tyre retreading solutions. It exports products to over 40 countries. The company, incorporated in 2003, operates in two verticals: manufacturing and tread rubber manufacturing.

The company’s product portfolio includes light commercial, off-road, two-wheeler, and three-wheeler tyres and retreading materials like pre-cured tread rubber and bonding gum.