₹46.44 Crores | Listing at BSE | Thu, May 7, 2026 - Fri, May 15, 2026
Tirupati Innovar Ltd Rights Issue comprises 4.64 Cr equity shares aggregating to ₹46.44 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 30, 2026, with the Rights Issue being offered in the entitlement ratio of 19:10.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 4, 2026.
The Rights Issue opens on May 7, 2026, and closes on May 15, 2026, with renunciation of Rights Entitlements permitted up to May 11, 2026.
The deemed date of allotment is May 18, 2026, following which the equity shares are expected to be credited to demat accounts on May 19, 2026 and listed on the BSE on May 19, 2026.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tirupati Innovar Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 30, 2026
Entitlement Ratio
19 : 10
Open Date
Thu, May 7, 2026
Close Date
Fri, May 15, 2026
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 69.94 | 54.06 | 53.95 |
| Total Income | 11.81 | 0.41 | 0.29 |
| Profit After Tax | 1.00 | 0.09 | 0.22 |
| Amount in ₹ Crore | |||
Tirupati Innovar Limited (formerly Tirupati Tyres Ltd) is a Mumbai-based company incorporated in 1988, now diversifying from the tire manufacturing into agriculture, infrastructure, and precious metals trading.
Formerly focused solely on manufacturing and trading tires and tubes, the company rebranded in July 2025 to reflect a diversified focus, including farming, agriculture product production, and goldsmith/silversmith activities.
The company's registered office is located in Andheri East, Mumbai, Maharashtra.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the existing and incremental working capital requirement of the company | 34.08 |
| 2 | General Corporate Purpose | 11.61 |
| Total | 45.69 |
[Dilip Davda] This is the 2nd RI from the company since April 2025. The company kept adding business activities in non-core business and unrelated areas. It posted minuscule profits till March 2025 and posted higher top and bottom lines for H1-FY26, that raise eyebrows and concern over its sustainability. Post RI, its paid-up equity base will be around three fold and may raise issue for its servicing. Promoter’s holding has been at 0%, and the counter is under vested interest’s operations. The offer documents were made available just this afternoon only (i.e., today May 06, 2026.). There is no harm in skipping this at par dicey offer. Read detail review...
Tirupati Innovar Rights Issue 2026 got subscribed by 0.99 times by the end of the bidding period with total bid quantity received by BSE of 4,59,19,341 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 15 2026 17:00:00 | 4,59,19,341 | 0.99x |
Tirupati Innovar Ltd
Unit No 606, Reliables Pride
Anand Nagar, opp Heera Panna
Jogeshwari West,
Mumbai, 400102
Skyline Financial Services Pvt.Ltd.
The Tirupati Innovar Rights Issue 2026 opens on Thu, May 7, 2026, and closes on Fri, May 15, 2026.
Tirupati Innovar Rights Issue 2026 Schedule
| Last Date for credit of Rights Entitlements | Mon, May 4, 2026 |
| Last Date for renunciation of Rights Entitlements | Mon, May 11, 2026 |
| Issue Opening Date | Thu, May 7, 2026 |
| Issue Closing Date | Fri, May 15, 2026 |
| Date of Allotment (on or about) | Mon, May 18, 2026 |
| Date of Credit (on or about) | Tue, May 19, 2026 |
| Date of Listing (on or about) | Tue, May 19, 2026 |
You can apply for Tirupati Innovar Rights Issue 2026 in two ways:
Steps to apply for Tirupati Innovar Rights Issue 2026 using Net Banking (ASBA)
Steps to apply for Tirupati Innovar Rights Issue 2026 using Registrar's website (R-WAP)
