Tolins Tyres Makes Flat Debut

New Delhi: Shares of TolinsTyres Ltd made a flat market debut on Monday, listing with a marginal gain of nearly 1 per cent, against the issue price of Rs 226.The company’s stock began the trade at Rs 227, up 0.44 per cent from the issue price on the BSE. It later jumped 5.44 per cent to Rs 238.30, the upper circuit limit. At the NSE, shares of the firm listed at Rs 228, up 0.88 per cent. Later, the stock hit the highest trading permissible limit for the day at 239.40, up 5.92 per cent. The company commanded a market valuation of Rs 941.50 crore. The initial public offer of TolinsTyres received 23.87 times subscription on the closing day of bidding on September 11. The initial share sale had a price band of Rs 215-226 per share.