Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers is an NSE SME IPO listed on the NSE SME platform, priced at ₹90–₹95 per share. The stock debuted at ₹180.5, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,14,000.
Emerald Tyre Manufacturers Limited IPO
- IPO Dates
- Dec 5, 2024 – Dec 9, 2024
- Price band
- ₹90-95 per equity share
- Minimum Investment
- ₹1,14,000
- Issue size
- ₹49.26 Cr
- Lot size
- 1200
- Allotment Date
- Dec 10, 2024
- Listing
- Dec 12, 2024
- Listing At
- NSE SME
IPO timeline
-
Dec 5, 2024
Open Date
Completed
-
Dec 9, 2024
Close Date
Completed
-
Dec 10, 2024
Allotment Date
Completed
-
Dec 12, 2024
Listing Date
Completed
Emerald Tyre Manufacturers IPO Essentials
Emerald Tyre Manufacturers IPO Details
Emerald Tyre Manufacturers IPO is priced at ₹90-95 per share with a total issue size of 49.26 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹90-95 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,185,200 shares(aggregating up to ₹49.26 Cr)
- Total issue size
- 51,85,200 shares
(aggregating up to ₹49.26 crore) - Fresh issue
- 49,86,000 shares
(aggregating up to ₹47.37 crore) - Offer for sale (OFS)
- 1,99,200 shares
(aggregating up to ₹1.89 crore) - Listing at
- NSE SME
- List price
- 180.5
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
GYR Capital Advisors Private Limited
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,14,000 |
| Retail(max) | 1 | 1200 | ₹1,14,000 |
| NII (min) | 2 | 2400 | ₹2,28,000 |
Emerald Tyre Manufacturers IPO Reservation
Emerald Tyre Manufacturers IPO reservation details show category-wise allocation of shares. Out of the total 51,85,200 shares, approximately 18.84% are reserved for QIB, 14.14% for NII, 33% for retail investors, 5.79% for market maker, and 28.23% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 14,64,000 (28.23%) | |
| Market Maker Shares Offered | 3,00,000 (5.79%) | |
| QIB Shares Offered | 9,76,800 (18.84%) | |
| NII (HNI) Shares Offered | 7,33,200 (14.14%) | |
| Retail Shares Offered | 17,11,200 (33%) | |
| Total Shares Offered | 51,85,200 (100%) |
Emerald Tyre Manufacturers IPO Analytics
Emerald Tyre Manufacturers IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Emerald Tyre Manufacturers IPO Subscription Status
Emerald Tyre Manufacturers IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 976,800 / 733,200 | 1,711,200 | 3,421,200 |
|
Day 1
05-12-24 06:00 PM
|
(0.52 / 43.42) x | 70.09 x | 44.51 x |
|
Day 2
06-12-24 06:00 PM
|
(0.63 / 137.27) x | 170.43 x | 114.84 x |
|
Day 3
09-12-24 06:00 PM
|
(195.95 / 913.02) x | 559.27 x | 531.35 x |
Emerald Tyre Manufacturers Valuations
Earnings
- EPS Pre IPO
- ₹8.44/-
- EPS Post IPO
- ₹6.28/-
- P/E Pre IPO
- 11.25
- P/E Post IPO
- 15.12
Returns
- ROCE
- 15.84%
- RoNW
- 22.63%
- PAT Margin
- 7.16
Fundamentals
- Debt / Equity
- 1.61
- Price / Book
- 2.55
Emerald Tyre Manufacturers Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 17,398.59 | 14,976.86 | 13,556.09 |
| Revenue | 17,196.84 | 16,798.10 | 13,469.67 |
| Profit After Tax | 1,223.57 | 892.85 | 484.62 |
| Net Worth | 5,397.59 | 3,698.84 | 2,897.44 |
| Reserves & Surplus | 3,948.54 | 3,042.79 | 2,241.39 |
| Total Borrowing | 8,718.28 | 8,466.40 | 7,504.59 |
Emerald Tyre Manufacturers Company & Offer Insights
About Emerald Tyre Manufacturers
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.
Emerald Tyre Manufacturers Promoter(s)
Chandhrasekharan Trirupathi Venkatachalam are the company's promoters of Emerald Tyre Manufacturers.
Emerald Tyre Manufacturers IPO Issue Objectives
- •
- To meet the Capital Expenditure
- •
- To meet General Corporate Purposes
- •
- To meet Offer Expenses
Emerald Tyre Manufacturers IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Emerald tyre Manufacturers Limited | 8.44 | 8.44 | N/A | 11.25 | 22.63 | 2.55 | Standalone |
| Balkrishna Industries Ltd. | 76.12 | 76.12 | 457.99 | 30.44 | 16.62 | N/A | Consolidated |
| Tvs Srichakra Ltd. | 140.98 | 140.98 | 1451.87 | 27.72 | 9.69 | N/A | Consolidated |
Notes:
- 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.
- 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.
- 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.
- 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 Information
Contact Details
Emerald Tyre Manufacturers
9043063194
https://emeraldtyres.com/about-emerald/
Emerald House, Plot No.2, Second Street, Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, 600095
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Emerald Tyre Manufacturers IPO is a book-built IPO worth ₹49.26 crore. The price band is ₹90–₹95 per share. The IPO opens on Dec 5, 2024 and closes on Dec 9, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Emerald Tyre Manufacturers IPO is ₹90 to ₹95 per share.
The lot size of Emerald Tyre Manufacturers IPO is 1200 shares.
The minimum investment for Emerald Tyre Manufacturers IPO is approximately ₹1,14,000 based on the upper price band .
Emerald Tyre Manufacturers IPO opens on Dec 5, 2024 and closes on Dec 9, 2024.
The allotment date of Emerald Tyre Manufacturers IPO is Dec 10, 2024.
Emerald Tyre Manufacturers IPO is expected to be listed on Dec 12, 2024, on NSE SME Platform.
Emerald Tyre Manufacturers IPO valuation snapshot: P/E 15.12, EPS ₹6.28/-, P/B 2.55, RoNW 22.63%, and market cap N/A.
To apply for Emerald Tyre Manufacturers IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Emerald Tyre Manufacturers IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Emerald Tyre Manufacturers IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Emerald Tyre Manufacturers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Emerald Tyre Manufacturers IPO allotment status on IPO Ji for quick and easy access.