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India’s Tolins Tyres Files Papers for IPO

Tolins Tyres Ltd, led by Chairman K V Tolins, a leading Indian exporter to 40 countries, is filing for IPO.

A Potentially Huge Step Forward for Tolins

Headquartered in Cochin, India, Tolins has filed preliminary papers with capital markets regulator SEBI (Securities and Exchange Board of India) to raise INR 230,000,000 (around $27,795,401 USD) through an initial public offering (IPO) in February. The company is expected to get clearance to float the IPO in the next few months.

According to the draft Red Herring Prospectus (DRHP) filed on Friday, the initial share sale will consist of a fres...

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