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The Tolins Tyres IPO was subscribed 23.89 times on the last day of bidding on Wednesday. The IPO saw an overwhelming response from all categories, received 17,89,26,528 applications against 74,88,372 shares offered.

Tolins Tyres Initial Public Offering (IPO) is set to close on a high note today, September 11, with an overwhelming response from investors across categories. The company, which aims to raise approximately Rs 230 crore through its IPO,

By 11:45 am, retail investors led the demand with 5.12 times the allotted bookings, followed by non-institutional investors, who subscribed 1.65 times. Meanwhile, the qualified institutional buyers' portion saw a modest subscription of just 12%.

Tolins Tyres IPO price band is set at ₹215 to ₹226 per share. At the upper-end of the price band, the company plans to raise ₹230 crore from the book-built issue.

The company's retail segment was booked fully on the first day itself. The company offered not more than 35% of the issue to retail investors.

Tolins Tyres Ltd's IPO opens for subscription today. Check details of lot size, allotment, listing, and other key aspects

The Rs 230 crore IPO of Tolins Tyres opens for bidding on between September 9-11 as the tyre maker is selling its shares in the range of Rs 215-226 apiece, with a lot size of 66 equity shares.