IPO

Emerald Tyre Manufacturers Limited IPO

NSE SME

Listed On: Dec 12, 2024 at ₹ 180.5

₹ 114000 /1200 Shares

Check Allotment
Emerald Tyre Manufacturers IPO Details

05 Dec, 2024

Open Date

09 Dec, 2024

Close Date

10 Dec, 2024

Allotment Date

12 Dec, 2024

Listing Date

Issue Price

₹90-95 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

180.5

Listing Date

2024-12-12

Market Lot

1200 Shares (₹114,000/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

5,185,200 shares(aggregating up to ₹49.26 Cr)

Retail Portion

35%

Subscription

531.35 times

IPO Docs

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 Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved976,800 / 733,2001,711,2003,421,200
Day 1 - 05-12-24 06:00 PM0.52 / 43.42 x70.09 x44.51 x
Day 2 - 06-12-24 06:00 PM0.63 / 137.27 x170.43 x114.84 x
Day 3 - 09-12-24 06:00 PM195.95 / 913.02 x559.27 x531.35 x
Total No. of Applications: 8,56,448 (Approx)

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 All values are 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 The 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)

Pre Issue Share Holding: 67.62%

Post Issue Share Holding: %

Company Promoter(s)
  1. Chandhrasekharan Trirupathi Venkatachalam

Emerald Tyre Manufacturers IPO - Issue Objectives

  1. To meet the Capital Expenditure
  2. To meet General Corporate Purposes
  3. To meet Offer Expenses

Other Details

Company Contact Details

Emerald Tyre Manufacturers

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

Phone: 9043063194

Email: cosec@emeraldtyres.com

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

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: emerald.ipo@linkintime.co.in

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

Emerald Tyre Manufacturers IPO - FAQs

Ans. Emerald Tyre Manufacturers Limited IPO is a SME IPO. The issue is priced at ₹90-95 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Dec 5, 2024, and closes on Dec 9, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Emerald Tyre Manufacturers Limited IPO opens on Dec 5, 2024 and closes on Dec 9, 2024.

Ans. The size of Emerald Tyre Manufacturers Limited IPO is 5,185,200 shares(aggregating up to ₹49.26 Cr).

Ans. The IPO price band is set between ₹90-95 per equity share.

Ans. To apply for Emerald Tyre Manufacturers Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Emerald Tyre Manufacturers Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Emerald Tyre Manufacturers Limited IPO is Dec 10, 2024.

Ans. The Emerald Tyre Manufacturers Limited IPO will be listed on Dec 12, 2024.

Ans. Follow the steps to check the allotment status for Emerald Tyre Manufacturers Limited IPO here.