IPO

Emerald Tyre Manufacturers Limited IPO

NSE SME

Listed On: Dec 12, 2024 at ₹ 180.5

₹ 228000 /2400 Shares
*Min Investment

Check Allotment

05 Dec, 2024

Open Date

09 Dec, 2024

Close Date

10 Dec, 2024

Allotment Date

12 Dec, 2024

Listing Date
Emerald Tyre Manufacturers IPO Issue Details
  • Issue Price ₹90-95 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 51,85,200 shares(aggregating up to ₹49.26 crore)
  • Fresh Share 49,86,000 shares(aggregating up to ₹47.37 crore)
  • Offer For Sale 1,99,200 shares(aggregating up to ₹1.89 crore)
  • Listing at NSE SME
  • List Price 180.5
  • Listing Date 2024-12-12
  • Lead Manager GYR Capital Advisors Private Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,14,000
Retail(max)11200₹1,14,000
NII (min) 22400₹2,28,000
Emerald Tyre Manufacturers IPO Reservation

Emerald Tyre Manufacturers IPO offers total 51,85,200 shares. Out of which 9,76,800 (18.84%) allocated to QIB, 7,33,200 (14.14%) allocated to NII,17,11,200 (33%) allocated to RII, NA (NA%) allocated to employees and 14,64,000 (28.23%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered14,64,000 (28.23%)
Market Maker Shares Offered3,00,000 (5.79%)
QIB Shares Offered9,76,800 (18.84%)
NII (HNI) Shares Offered7,33,200 (14.14%)
Retail Shares Offered17,11,200 (33%)
Total Shares Offered51,85,200 (100%)
Emerald Tyre Manufacturers IPO Documents
DRHP
RHP
Emerald Tyre Manufacturers IPO Details


Emerald Tyre Manufacturers Limited IPO is an SME IPO, priced at ₹90-95 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 51,85,200 equity shares, aggregating up to ₹49.26 crores..

The IPO bidding window is open from Dec 5, 2024 to Dec 9, 2024. The allotment is expected to be finalized on Dec 10, 2024, and the tentative listing date is Dec 12, 2024.

The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,14,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,28,000.

GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

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Emerald Tyre Manufacturers IPO Subscription Analysis And Details
Retail
559.27x
Total
531.35x
As onQIB / NIIRetailTotal
Shares Offered / Reserved976,800 / 733,2001,711,2003,421,200
Day 1 05-12-24 06:00 PM
0.52 / 43.42 x70.09 x44.51 x
Day 2 06-12-24 06:00 PM
0.63 / 137.27 x170.43 x114.84 x
Day 3 09-12-24 06:00 PM
195.95 / 913.02 x559.27 x531.35 x
Total No of Applications
8,56,448
Emerald Tyre Manufacturers Valuations
EPS Pre IPO ₹8.44/-
EPS Post IPO ₹6.28/-
P/E Pre IPO 11.25
P/E Post IPO 15.12
ROCE 15.84%
Debt/Equity 1.61
RoNW 22.63%
PAT Margin 7.16
Price to Book Value 2.55
Emerald Tyre Manufacturers Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets17,398.5914,976.8613,556.09
Revenue17,196.8416,798.1013,469.67
Profit After Tax1,223.57892.85484.62
Net Worth5,397.593,698.842,897.44
Reserves & Surplus3,948.543,042.792,241.39
Total Borrowing8,718.288,466.407,504.59
About Emerald Tyre Manufacturers Company

Incorporated in the year 2002, Emerald Tyre Manufacturers is a specialized company engaged in manufacturing, supply, and services of a range of tyres. The company operates its products under the brand name GRECKSTER.

Emerald Tyre Manufacturers products are the following:
Solid Resilient Tyres
Press bands
Industrial Penumatic Tyres & Butyl Tubes & Flaps
Wheel Rims.

Its products are exported to world markets including the USA, UAE, Russia and major European countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. Besides, the warehouses located in Belgium, UAE, and the USA provide on-time delivery of the products and value-added services to the customers across Europe, the Middle East, and now in North America.

As of March 31 2024, The company had 224 permanent and 191 contractual employees.

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Emerald Tyre Manufacturers - Promoter(s)

Chandhrasekharan Trirupathi Venkatachalam

Pre Issue Share Holding : 67.62%

Post Issue Share Holding : %

Emerald Tyre Manufacturers IPO - Issue Objectives
1

To meet the Capital Expenditure

2

To meet General Corporate Purposes

3

To meet Offer Expenses

Emerald Tyre Manufacturers IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Emerald tyre Manufacturers Limited8.448.44N/A11.2522.632.55Standalone
Balkrishna Industries Ltd.76.1276.12457.9930.4416.62N/AConsolidated
Tvs Srichakra Ltd.140.98140.981451.8727.729.69N/AConsolidated

Notes:

  1. P/E figures for the peers are based on closing market prices of equity shares on BSE and NSE on March 28, 2024 divided by the Basic EPS as at March 31, 2024.
  2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 23-24 of the listed peer companies.
  3. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
  4. NAV per share for listed peers is computed as the Total Equity as on March 31, 2024 divided by the outstanding number of equity shares as on March 31, 2024
Contact Details

Emerald Tyre Manufacturers

Emerald House, Plot No.2, Second Street, Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, 600095

9043063194

cosec@emeraldtyres.com

https://emeraldtyres.com/about-emerald/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

emerald.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html