Tolins Tyres’ initial public offer got subscribed 5.20 times on the second day of subscription on Tuesday.
The initial share sale received bids for 3,89,17,626 shares against 74,88,372 shares on offer, according to data available with the NSE.
The Retail Individual Investors (RIIs) part fetched 8.39 times subscription while the category for non-institutional investors got subscribed 4.07 times. The portion meant for Qualified Institutional Buyers (QIBs) received 45 per cent subscription.
The initial public offer of Tolins Tyres got fully subscribed within hours of opening of bidding on Monday and ended the first day with an overall over-subscription of 1.80 times.
Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors.
The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO).
The Kerala-based company’s initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an …
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