Emerald Tyre Manufacturers IPO is set to open on December 5, 2024, and will close on December 9, 2024. The Emerald Tyre Manufacturers IPO is a Book Built Issue, aiming to raise approximately ₹49.26 crores. This includes a fresh issue of ₹47.37 crores and an offer for sale of up to 199,200 equity shares with a face value of ₹10 each.
Emerald Tyre Manufacturers IPO Price band is set between ₹90 to ₹95 per share. The quota allocation is 35% for Retail investors, 50% for Qualified institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Suraksha Diagnostic IPO is scheduled to list on NSE on December 12, 2024, with the allotment announcement on December 10, 2024.
The company reported revenue of ₹171.97 crores in 2024, compared to ₹167.98 crores in 2023. It posted a Profit of ₹12.24 crores in 2024, compared to a Profit of ₹8.93 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Emerald Tyre Manufacturers IPO Details
- Emerald Tyre Manufacturers Market Lot
- Emerald Tyre Manufacturers Dates
- About Emerald Tyre Manufacturers
- Promoters of Emerald Tyre Manufacturers
- Emerald Tyre Manufacturers Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Emerald Tyre Manufacturers IPO GMP (Grey Market Premium)
- Emerald Tyre Manufacturers Subscription Status
- Emerald Tyre Manufacturers Allotment Status
- IPO Registrar
- IPO Lead Manager
- Emerald Tyre Manufacturers Contact
- FAQs
Emerald Tyre Manufacturers IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Emerald Tyre Manufacturers Limited |
| Industry | Tyre Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | December 5, 2024 |
| Close Date | December 9, 2024 |
| Total Issue Size | Approx ₹49.26 Crores |
| Fresh Issue | Approx ₹47.37 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹90 to ₹95 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares Per Lot |
| Offer for Sale | Approx 199,200 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Emerald Tyre Manufacturers Market Lot
Emerald Tyre Manufacturers IPO has a minimum lot size of 1,200 shares, with an amount of ₹114,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹114,000 |
| Retail Maximum | 1 | 1,200 | ₹114,000 |
| S-HNI Minimum | 2 | 2,400 | ₹228,000 |
Emerald Tyre Manufacturers Dates
Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024. The allotment will be announced on December 10, 2024, and the IPO will be listed on December 12, 2024.
| Events | Date |
|---|---|
| IPO Open Date | December 5, 2024 |
| IPO Close Date | December 9, 2024 |
| Basis of Allotment | December 10, 2024 |
| Refunds | December 11, 2024 |
| Credit to Demat Account | December 11, 2024 |
| IPO Listing Date | December 12, 2024 |
About Emerald Tyre Manufacturers
Emerald Tyre Manufacturers Limited, established in 2002, specializes in the production, supply, and servicing of a wide range of tires. The company offers comprehensive solutions through off-highway tire and wheel services and is dedicated to being a customer-centric organization focused on addressing customer needs while enhancing value for shareholders. Its products are exported to several countries, including the UAE, Russia, the USA, Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, and Poland.
The company has demonstrated strong financial performance, with revenue consistently increasing over the past three years: ₹17,196.84 lakhs in 2024, ₹16,798.10 lakhs in 2023, and ₹13,469.67 lakhs in 2022. Profit After Tax (PAT) also grew by 37.04% between the financial years ending March 31, 2023, and March 31, 2024. To support further growth, Emerald Tyre Manufacturers is launching an IPO worth ₹49.26 crores, which includes a fresh issue of 49.86 lakh shares amounting to ₹47.37 crores and an offer for sale of 1.99 lakh shares totaling ₹1.89 crores.
Promoters of Emerald Tyre Manufacturers
- Mr. Chandhrasekharan Trirupathi Venkatachalam.
Emerald Tyre Manufacturers Financial Report
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18,190.29 | 17,393.60 | 14,976.86 | 13,556.09 |
| Revenue | 6,492.75 | 17,196.84 | 16,798.10 | 13,469.67 |
| Profit After Tax | 413.64 | 1,214.32 | 892.85 | 484.62 |
| Net Worth | 5,813.80 | 5,397.59 | 3,698.84 | 2,897.44 |
| Reserves and Surplus | 4,364.75 | 3,948.54 | 3,042.79 | 2,241.39 |
| Total Borrowing | 8,750.18 | 8,718.28 | 8,466.40 | 7,504.59 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | 15.84% |
| EBITDA Margin | 17.28% |
| PAT Margin | 7.16% |
| Debt to equity ratio | 1.61 |
| Earning Per Share (EPS) | ₹8.71 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 22.63% |
| Net Asset Value (NAV) | ₹37.31 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Balkrishna Industries Limited | 76.12 | 30.44 | 16.62% | 457.99 | 9,818.09 Cr. |
| TVS Srichakra Limited | 140.98 | 27.72 | 9.69% | 1,451.87 | 2,932.63 Cr. |
Objective of the Issue
- To fund capital expenditure
- To address general corporate purposes
- To cover offer-related expenses
Emerald Tyre Manufacturers IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Emerald Tyre Manufacturers, please visit the IPO GMP page.
Emerald Tyre Manufacturers Subscription Status
This IPO subscription kicks off on December 5, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Emerald Tyre Manufacturers Allotment Status
To check the Emerald Tyre Manufacturers IPO allotment status, visit the IPO registrar website Link Intime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: emerald.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Emerald Tyre Manufacturers Contact
EMERALD TYRE MANUFACTURERS LIMITED
Emerald House, Plot No.2, Second Street,
Porur Gardens, Phase-I, Vanagaram, Tiruvallur,
Poonamallee, Tamil Nadu, India, 600095
Phone: +91 9043063194
E-mail: cosec@emeraldtyres.com
Website: www.emeraldtyres.com
FAQs
What is the issue size of the Emerald Tyre Manufacturer’s IPO?
The issue size of the Emerald Tyre Manufacturers is ₹49.26 crores.
What is the price band for the Emerald Tyre Manufacturer’s IPO?
The price band for the Emerald Tyre Manufacturers is ₹90 to ₹95 per share.
What is the lot size for the Emerald Tyre Manufacturer’s IPO?
The minimum lot size is 1,200 shares, requiring an investment of ₹114,000.
When is the allotment date for the Emerald Tyre Manufacturer’s IPO?
The allotment date is scheduled for December 10, 2024.
When is the listing date for the Emerald Tyre Manufacturers’s IPO?
The IPO is expected to list on the NSE on December 12, 2024.
Note: Emerald Tyre Manufacturers IPO price band and date have been officially announced. Emerald Tyre Manufacturers IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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