Tolins Tyres’ IPO oversubscribed

New Delhi: The initial public offer of Tolins Tyres got fully subscribed hours after opening for subscription on Monday. The initial share sale received bids for 83,90,976 shares against 74,88,372 shares on offer, as per NSE data till 13:51 hours, translating into 1.12 times subscription. The portion for Retail Individual Investors (RIIs) garnered 2.06 times subscription while the quota for non-institutional investors got subscribed 43 per cent. Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors. The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO).