Tolins Tyres Limited submitted a regulatory filing to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 and SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019.
The company confirmed that there is no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) from the objects stated in the Prospectus dated September 11, 2024 for the quarter ended June 30, 2026.
IPO Details
- Mode of Fund Raising: Public Issue (Initial Public Offer)
- Date of Raising Funds: September 16, 2024
- Issue Size: ₹200.00 crores
- IPO Expenses: ₹16.20 crores
- Net Proceeds Available for Utilization: ₹183.80 crores
- Monitoring Agency: Brickwork Ratings India Private Limited
- Quarter Reported: June 30, 2026
Fund Utilization Details
| Purpose | Original Allocation (₹ crores) | Funds Utilized (₹ crores) | Deviation/Variation |
| Repayment/prepayment of certain outstanding loans (including foreclosure charges) | 69.97 | 72.44 | No deviation/variation |
| Augmentation of long-term working capital requirements | 75.00 | 75.08 | No deviation/variation |
| Investment in wholly owned subsidiary Tolin Rubbers Private Limited for debt repayment and working capital | 23.15 | 23.15 | No deviation/variation |
| General Corporate Purposes | 15.68 | 18.46 | No deviation/variation |
| Issue expenses | 16.20 | 14.08 | No deviation/variation |
| TOTAL | 200.00 | 203.21 | |
Note: ₹3.21 crores has been utilized from the interest income earned on fixed deposits, bringing the total utilization to ₹203.21 crores.