Tolins Tyres shares to list on Monday. Here's what GMP signals ahead of debut
Tolins Tyres is set to debut on the bourses on Monday. Grey market trends suggest that the stock is expected to deliver positive gains, with the grey market premium (GMP) at Rs 30, indicating a 13% premium over the issue price.
The shares of Tolins Tyres are set to debut on the bourses on Monday. According to grey market trends, the stock is expected to deliver positive gains to investors.
Currently, the grey market premium (GMP) for Tolins Tyres stands at Rs 30, which indicates a 13% premium over the issue price.
However, it's important to note that grey market premiums are only an indicator of how the company’s shares are perceived in the unlisted market and can change rapidly.
The initial public offering (IPO) of Tolins Tyres was subscribed nearly 24 times, reflecting robust demand across various categories.
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Out of the Rs 200 crore raised from the IPO, Rs 75 crore will be allocated to augment long-term working capital
