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Tolins Tyres: The company may consider raising INR 25 crore in a Pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
Tolins Tyres Limited, a company based in Kerala and one of leading player in the Tyre & Treads industry with all India presence, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SE
Tolins Tyres IPO | The IPO will be a mix of fresh issuance of equity shares worth Rs 200 crore, and an offer-for-sale (OFS) of shares worth Rs 30 crore by promoters.
According to the draft prospectus filed on February 16, the IPO will comprise a combination of fresh issuance of equity shares amounting to ₹200 crore, and an offer-for-sale (OFS) of shares valued at ₹30 crore by the company's promoters.