Tolins Tyres Limited
- Minimum Investment₹14,190
- Price Range₹215 - ₹226
- Issue Size₹230.00 Cr
- Lot Size66 shares
Proceeds of this IPO to be used for
Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the company.
Augmentation of long-term working capital requirements of the company.
Investment in its wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/ or prepay, in full, certain of its short term and long term borrowings and augmentation of its working capital requirements.
General corporate purposes.
Strengths & Weaknesses of Tolins Tyres Limited
Diversified Product Range
The company is divided into two business verticals based on the two product categories. Its manufactures tyres and tread rubber. It has a total of 154 stock-keeping units (SKU) in the tyre category and 993 SKUs in tread rubber, this catalogue has been built over the decades to fit in with market requirements and to fulfil customer requirements
Locational Advantage
The inland container depot and sea port is approximately 40 kms from manufacturing facilities in Kalady, Cochin Airport, which is an international airport connected to worldwide destinations. It is merely 6 km from its manufacturing facilities in Kalady. Besides this the manufacturing facilities are also well connected with Indian railways
R&D Capabilities
The company's R&D activities are aimed at growing its market share by seeking to continually offer technologically backed products to its customers while improving operational efficiencies to derive better margins
Dependent on Few Suppliers
The tyre manufacturing industry has a limited number of suppliers of raw materials. Volatility in the prices and availability of raw materials or any failure by its suppliers to make timely delivery of raw materials or breakdown of relationship with such suppliers could hurt the business, financial condition, and results of operations
Outstanding Legal Proceedings
There are outstanding legal proceedings involving the company, directors, promoters, and its subsidiaries. Any adverse outcome in such proceedings may hurt the reputation, business, financial condition and results of operations
Dependent on Contract Labour
The company is dependent on contract labour and any disruption to the supply of such labour for its manufacturing facilities or its inability to control the composition and cost of contract labour could adversely affect the business
Financials
Earnings Per Share
No Data
Balance Sheet
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Total Non-Current Liabilities | -- | |
Total Capital Plus Liabilities | -- | |
Total Shareholder Funds | -- | |
Total Debt to Equity | -- |
Cash Flow
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Cash from Financing Activities | -- | |
Cash from Investing Activities | -- | |
Net Cash Flow | -- |
About Tolins Tyres Limited
- PromoterDr. Kalamparambil Varkey Tolin
- PromoterJerin Tolin