Tolins Tyres IPO GMP today signals a positive listing for Tolins Tyres shares. Analysts also expect Tolins Tyres share price to open with decent gains on the stock market debut.

The shares of Tolins Tyres are set to debut on the bourses on Monday. According to grey market trends, the stock is expected to deliver positive gains to investors.

Tolins Tyres IPO, a book-built issue of Rs 230.00 crores, comprises a fresh issue of 8,849,558 shares and an offer for sale of 1,327,434 shares with a face value of Rs 5 each. The allotment of the company's shares was finalised on Thursday, September 12, 2024.

The Tolins Tyres initital public offer (IPO) listing gains completely miss grey market estimates where shares were trading at a premium of about 13 percent

Tolins Tyres made a cautious yet healthy entry into the stock market on Monday, September 16, 2024, with its shares listing at Rs 228 on the NSE (National Stock Exchange), marking a modest 1% premium over the issue price of Rs 226.

Tolins Tyres Ltd shares made a flat market debut on Monday, listing with a marginal gain. The stock later hit the upper circuit limit, jumping 5.44% on the BSE.

The company didn't offer more than 35% of the issue to retail investors for bidding. It offered 30% of the issue to anchor investors.

Ahead of its listing, shares of Tolins Tyres were commanding a grey market premium (GMP) of 30 per share, suggesting a listing pop of 13 per cent to the investors.