Tolins Tyres IPO vs Western Carriers (India) IPO

Comparision between Tolins Tyres IPO and Western Carriers (India) IPO.

IPO Details

Tolins Tyres IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Tolins Tyres IPO	Western Carriers (India) IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Saffron Capital Advisors Private Limited	Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Tolins Tyres IPO is up to ₹230.00 Cr whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Tolins Tyres IPO is ₹226.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Tolins Tyres IPO	Western Carriers (India) IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹215.00 per share	₹163.00 per share
Issue Price (Upper)	₹226.00 per share	₹172.00 per share
Issue Price (Final)	₹226.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	66 shares	87 shares
Fresh Issue Size	88,49,558 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹200.00 Cr	up to ₹400.00 Cr
OFS Issue Size	13,27,434 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹30.00 Cr	up to ₹92.88 Cr
Issue Size Total	1,01,76,992 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹230.00 Cr	up to ₹492.88 Cr

IPO Timetable

Tolins Tyres IPO opens on Sep 09, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Tolins Tyres IPO and Western Carriers (India) IPO is Sep 11, 2024, and Sep 19, 2024, respectively.

	Tolins Tyres IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 06, 2024	Sep 12, 2024
Issue Open	Sep 09, 2024	Sep 13, 2024
Issue Close	Sep 11, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 12, 2024	Dec 18, 2024

Financials

Tolins Tyres IPO P/E ratio is 26.64, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Tolins Tyres IPO

Western Carriers (India) IPO

Financial

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	221.6
Revenue	228.69
Profit After Tax	26.01
Net Worth	100.53
Reserves and Surplus	85.07
Total Borrowing	78.77
Amount in ₹ Crore

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.64%

99.99%

Promoter Shareholding (Post-Issue)

68.53%

71.89%

P/E Ratio

26.64

16.85

Market Cap

₹892.90 Cr.

₹1753.63 Cr.

ROE

25.87%%

22.41%%

ROCE

36.08%%

29.23%%

Debt/Equity

0.78

0.67

EPS

₹8.48

₹10.21

RoNW

25.87%%

20.17%%

Shares Offered

In the Tolins Tyres IPO retail investors (RII) are offered 35,61,947 shares while in Western Carriers (India) IPO retail investors are offered 35,61,947 shares. Qualified institutional buyers (QIB) are offered 20,35,398 shares in Tolins Tyres IPO and 57,31,163 shares in Western Carriers (India) IPO.

	Tolins Tyres IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	30,53,097 shares	85,96,743 shares
Market Maker Reserveration
QIB	20,35,398 shares	57,31,163 shares
NII	15,26,549 shares	42,98,372 shares
RII	35,61,947 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	71,23,894 shares	2,00,59,070 shares

Bids Received (Subscription)

Tolins Tyres IPO subscribed 25.03x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Tolins Tyres IPO	Western Carriers (India) IPO
QIB (times)	26.72x	28.81x
NII (times)	28.80x	46.68x
Big NII (times)	26.39x	41.65x
Small NII (times)	33.63x	56.73x
RII (times)	22.45x	26.92x
Employee (times)
Other (times)
Total (times)	25.03x	31.69x

Compare with others

Tolins Tyres IPO	Western Carriers (India) IPO
Northern Arc Capital IPO	Diffusion Engineers IPO
Arkade Developers IPO	Manba Finance IPO
Western Carriers (India) IPO	KRN Heat Exchanger IPO
P N Gadgil Jewellers IPO	Northern Arc Capital IPO
Kross IPO	Arkade Developers IPO
Shree Tirupati Balajee IPO	P N Gadgil Jewellers IPO
Gala Precision Engineering IPO	Kross IPO
Baazar Style Retail IPO	Tolins Tyres IPO
Bajaj Housing Finance IPO	Shree Tirupati Balajee IPO
ECO Mobility IPO	Gala Precision Engineering IPO

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