Tolins Tyres: No Deviation in IPO Fund Utilization for Q4 FY26
Tolins Tyres Limited confirmed no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended March 31, 2026. The company raised ₹200.00 crores through its IPO, with net proceeds of ₹183.80 crores. Funds were allocated for specific purposes including repayment of loans (₹69.97 crores), augmentation of long-term working capital (₹75.00 crores), investment in its subsidiary Tolin Rubbers Private Limited (₹23.15 crores), general corporate purposes (₹15.68 crores), and issue expenses (₹16.20 crores). The statement, reviewed and approved by the Audit Committee on May 28, 2026, confirms that the funds utilized align with the objects stated in the Prospectus dated September 11, 2024, in compliance with SEBI regulations.
Key Highlights
- Tolins Tyres confirms no deviation in IPO fund use for Q4 FY26.
- IPO proceeds of ₹200 crores utilized as per prospectus.
- Funds allocated for debt repayment, working capital, and subsidiary investment.
- Audit Committee and auditors reported no comments on utilization.
- Company complies with SEBI Regulation 32(1) regarding fund utilization.
Price Impact
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