R Sankarakrishnan, Whole Time Director, Tolins Tyres On IPO, Financials & Expansion Plans

Tolins Tyres is launching a ₹230 crore IPO, consisting of a fresh issue worth ₹200 crores and an offer for sale of ₹30 crores. The IPO subscription window opens on September 9, 2024, and closes on September 11, 2024, with a tentative listing date set for September 16, 2024, on both BSE and NSE. The price band for the issue is set between ₹215 and ₹226 per share, with a minimum application size of 66 shares, requiring a minimum investment of ₹14,916 from retail investors. Founded in 2003, Tolins Tyres Limited is a prominent tyre manufacturing company offering retreading solutions across India, with exports to 40 countries, including the Middle East. Its product range includes tyres for two-wheelers, three-wheelers, light commercial vehicles, agricultural equipment, and a variety of accessories like bonding gum and tyre flaps. As of March 31, 2024, the company operates 8 depots and maintains a nationwide network of 3,737 dealers. In an exclusive conversation with Business Today TV, R. Sankarakrishnan, Whole-Time Director of Tolins Tyres, discusses the company’s IPO, financials, debt structure, and ambitious expansion plans. Watch this insightful interview for all the details.