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Tolins Tyres confirms IPO proceeds were utilized as planned in quarterly filing
12-Aug-2026, 07:54
Tolins Tyres Limited stated there was no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited on August 12, 2026. The company, which raised Rs 200 crore through the IPO in September 2024, confirmed that Rs 183.80 crore of net proceeds were available for utilization, with Rs 203.21 crore having been utilized as of the reporting date, including Rs 3.21 crore from interest income on fixed deposits.
Tolins Tyres Limited stated there was no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited on August 12, 2026. The company, which raised Rs 200 crore through the IPO in September 2024, confirmed that Rs 183.80 crore of net proceeds were available for utilization, with Rs 203.21 crore having been utilized as of the reporting date, including Rs 3.21 crore from interest income on fixed deposits.