Tolins Tyres Ltd. has announced public offering of 10176992 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 221.00 per share. The gross proceeds of the issue are expected to be Rs 23,000.00 lakhs.

The company's initial public offer (IPO) will open on 09 September 2024 and is expected to close on 11 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 215.00-226.00 per share.

The IPO includes a fresh Issue of 10176992 Equity Shares of the Company at an price of Rs 226.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 66 shares with bids in multiples of 66.

Tolins Tyres Ltd. anticipates using the proceeds of the issue for .

Saffron Capital Advisors Pvt. Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.