Tolins Tyres IPO: Allotment Likely to Take Place Today

12 Sep 2024 , 12:48 PM

After three days of subscriptions on September 11, 2024, the spotlight has switched to Tolins Tyres’ IPO allotment date, which is most likely September 12, 2024. Those who applied for the mainboard public issue do not need to leave their homes because they may monitor the Tolins Tyres IPO allotment status online by signing in to the BSE website — bseindia.com — or the registrar’s official website — Cameo Corporate Services Limited. The official website for the Tolins Tyres IPO registrar is cameoindia.com.

Following a positive market response, the Kerala-based company intends to issue its shares on both the BSE and the National Stock Exchange (NSE), with a planned listing date of September 16.

Tolins Tyres held an initial public offering (IPO) on 9-11 September to raise around 230 crore.

The IPO was oversubscribed more than 25 times, indicating strong demand. Investors bid for 17.83 crore shares, compared to 72.24 lakh shares available for subscription.

Following this high demand, the allotment procedure is expected to be highly competitive, therefore investors should check their allotment status as soon as possible.

For feedback and suggestions, write to us at [e-mail]