Tolins Tyres makes muted debut on the BSE
Tolins Tyres has debuted at Rs 227.00 on the BSE, up by 1.00 points or 0.44% from its issue price of Rs 226.00.
The scrip is currently trading at Rs 238.30, up by 12.30 points or 5.44% from its issue price.
It has touched a high and low of Rs 238.30 and Rs 226.50 respectively. So far 1.57 lakh shares were traded on the counter.
The offering, which was open for subscription between September 9, 2024 and September 11, 2024 was subscribed around 23.89 times. The issue price was fixed at Rs 226.00 per share i.e. at upper end of price band of Rs 215-226 apiece.
Tolins Tyres is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.
