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Tolins Tyres experiences ‘flat’ IPO

Author: Chris Anthony Comments: 0
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Market analysts described Tolins Tyres’s market debut as “flat” and “muted”. Tolins Tyres Limited shares opened at 227 rupees on the Bombay Stock Exchange (BSE), which equates to a 0.4 per cent premium over the upper limit of the IPO price band of 226 rupees. Those numbers stand in stark contrast with performance during the IPO subscription period, where the offer was reportedly oversubscribed by 23.87 times.

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