Monitoring Agency report for the quarter ended December 31, 2025
TOLINS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Brickwork Ratings, the Monitoring Agency, has submitted its second quarterly report on how Tolins Tyres Limited is using the Rs. 230 crore raised through its September 2024 IPO (Fresh Issue Rs. 200 Cr + Offer for Sale Rs. 30 Cr at Rs. 226/share). The company has fully utilized Rs. 72.44 Cr towards loan repayment against the planned Rs. 69.97 Cr, and Rs. 75.08 Cr for long-term working capital against the planned Rs. 75 Cr. For its subsidiary Tolin Rubbers, Rs. 11.06 Cr was used for loan repayment (planned Rs. 15.15 Cr) and Rs. 12.09 Cr for working capital (planned Rs. 8 Cr). Issue expenses incurred stood at Rs. 13.84 Cr (planned Rs. 16.20 Cr) and Rs. 14.10 Cr was used for general corporate purposes (planned Rs. 15.68 Cr). Remaining unutilized amount of about Rs. 4.63 Cr is parked in two Axis Bank accounts. The agency confirmed no deviation from stated objects, no major deviations from earlier reports, and no unfavorable events impacting project viability.
This is a routine compliance update and signals that IPO funds are largely being deployed as promised with no red flags — likely neutral to mildly positive for shareholder confidence as it shows disciplined use of capital and no cost or scope deviations.