₹48.89 Crores | Listing at BSE | Fri, Apr 25, 2025 - Fri, May 23, 2025
Tirupati Tyres Ltd Rights Issue comprises 4.89 Cr equity shares aggregating to ₹48.89 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Apr 17, 2025, with the Rights Issue being offered in the entitlement ratio of 2 : 1.
The term of payment is defined as following : The full price of Rs.10/- is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 8, 2025.
The Rights Issue opens on Apr 25, 2025, and closes on May 23, 2025, with renunciation of Rights Entitlements permitted up to Apr 29, 2025.
The deemed date of allotment is May 8, 2025, following which the equity shares are expected to be credited to demat accounts on May 13, 2025 and listed at the BSE on May 12, 2025.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tirupati Tyres Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 17, 2025
Entitlement Ratio
2 : 1
Open Date
Fri, Apr 25, 2025
Close Date
Fri, May 23, 2025
The full price of Rs.10/- is payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 54.06 | 53.95 |
| Revenue | 0.41 | 0.29 |
| Profit After Tax | 0.09 | 0.22 |
| Amount in ₹ Crore | ||
Incorporated in 1988, Tirupati Tyres Limited is engaged in the manufacturing and trading of various range of tyres and tubes for various vehicles, including cycles, motorcycles, auto rickshaws, tractors, trucks, buses, cars, and other self-moving vehicles.
The company gains a competitive edge by optimizing manufacturing with automation, lean techniques, and advanced equipment, boosting productivity, cutting costs, and meeting global demand efficiently, even during downturns.
As on March 31, 2024, the company has 8 employees.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] TTL is engaged in the business of manufacturing/trading and dealing in rubber products mainly for automobile segment. It posted minuscule financial performance for the reported periods. Post-RI, triple equity base may pose its servicing issues going forward. The company is operating in a highly competitive and fragmented segment. The counter is well operated by vested interest and kept above RI price to tempt investors. Promoters’ holding is “0%” and raise concern. Though at par, this RI is a “High Risk/Low Return” bet and can be skipped. Read detail review...
Tirupati Tyres Rights Issue 2025 got subscribed by 0.07 times by the end of the bidding period with total bid quantity received by BSE of 35,68,484 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 23 2025 17:00:00 | 35,68,484 | 0.07x |
Tirupati Tyres Ltd
Unit No 606, Reliables Pride,
Anand Nagar, opp Heera Panna, Jogeshwari West,
Mumbai, Jogeshwari West, 400102
Jogeshwari, Maharashtra, 400102
Skyline Financial Services Pvt.Ltd.
The Tirupati Tyres Rights Issue 2025 opens on Fri, Apr 25, 2025, and closes on Fri, May 23, 2025.
Tirupati Tyres Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Apr 18, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 29, 2025 |
| Issue Opening Date | Fri, Apr 25, 2025 |
| Issue Closing Date | Fri, May 23, 2025 |
| Date of Allotment (on or about) | Thu, May 8, 2025 |
| Date of Credit (on or about) | Tue, May 13, 2025 |
| Date of Listing (on or about) | Mon, May 12, 2025 |
You can apply for Tirupati Tyres Rights Issue 2025 in two ways:
Steps to apply for Tirupati Tyres Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Tirupati Tyres Rights Issue 2025 using Registrar's website (R-WAP)
