Tolins Tyres Ltd Share Price

Tolins Tyres Limited was incorporated in the name and style of Tolins Tyres Private Limited' on July 10, 2003 by the Registrar of Companies, Kerala. Subsequently, upon the conversion of Company into a Public Limited Company, the name of Company changed to Tolins Tyres Limited' and a fresh Certificate of Incorporation on January 26, 2024 was issued by the Registrar of Companies, Ernakulam. The Company is engaged in manufacturing and trading of machine tool and textile engineering machines. Apart from this, It is into manufacturing business of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. It also manufacture ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes. The Company began operations in 1982 as a proprietorship concern for manufacture of tread rubber. With the incorporation in 2003, the Company started production and sales in 2005 and since then has been one of the players for retreading products manufacturing owing to excellence and innovation in the industry. The Company in 2008, began manufacturing tyres for light commercial vehicles and started manufacturing of tyres for two/three wheelers in 2015. In 2022, it acquired plant & machinery in tranches to expand capacity of TTL Facility. In 2023, the Company acquired machinery with the existing TTL Facility to increase the manufacturing capacity to 5,000 tyres/day. It then, acquired 2 wholly owned subsidiaries, Tolin Rubbers Private Limited in Kerala and Tolins Tyres LLC in UAE . Under the 'Tolins Tyres' brand, it market and sell tyres for use in light commercial vehicles, agricultural vehicles and two/three-wheeler vehicles, primarily in India and export to the Middle East, the ASEAN region, and Africa. The Company has established as a major tyre retreading solutions provider across India and exported to 40 foreign countries. Further, it sell products through dealership network and depots. Apart from this, it operate from 3 manufacturing plants out of which two are located at Mattoor in Kalady, Kerala and the third one is located in Al Hamra Industrial Zone in Ras Al Khaimah in UAE. The Company came up with the IPO aggregating an issue of 10,176,991 equity shares of face value of Rs 5 each, by raising Rs 230 Crore, comprising a fresh issue of 8,849,557 equity shares aggregating to Rs 200 Cr and the Offer for sale of 1,327,432 equity shares aggregating to Rs 30 Crore in September, 2024. The Company has expanded into Healthcare and FMCG, with the launch of Tolins Foods and Tolins Skin Science in 2025.