Emerald Tyre Manufacturers IPO Details: Emerald Tyre Manufacturers’ IPO is set to open on December 5, 2024, and close on December 9, 2024. This IPO follows the Book Built Issue format, aiming to raise approximately ₹49.26 crores. The issue comprises a fresh issue worth ₹47.37 crores and an offer for sale of up to 199,200 equity shares with a face value of ₹10 each.
The IPO is priced within a band of ₹90 to ₹95 per share, with allocations reserved as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (HNI), and 35% for retail investors. The shares are expected to list on the NSE on December 12, 2024, with the allotment finalization scheduled for December 10, 2024.
Financially, the company demonstrated steady growth, reporting a revenue of ₹171.97 crores in FY 2024, up from ₹167.98 crores in FY 2023. Net profit also increased to ₹12.24 crores in FY 2024 from ₹8.93 crores in the previous fiscal year. Based on its performance, the IPO presents a promising opportunity for long-term investors.
Emerald Tyre Manufacturers IPO Objectives:
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Emerald Tyre Manufacturers IPO Review (Apply or Not)
- Apply
Emerald Tyre Manufacturers IPO Date & Price Band Details:
| IPO Open Date: | December 5, 2024 |
| IPO Close Date: | December 9, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to ₹95 Per Share |
| Issue Size: | Approx ₹49.26 Crores |
| Fresh Issue: | Approx ₹47.37 Crores |
| Offer for Sale: | Approx 199,200 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Emerald Tyre Manufacturers IPO Lot Size:
The minimum market lot for the Emerald Tyre Manufacturers IPO is set at 1,200 shares, requiring an application amount of ₹114,000.
| 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 IPO Timeline:
The Emerald Tyre Manufacturers IPO will open on December 5, 2024, and close on December 9, 2024. The allotment of shares will be finalized on December 10, 2024, with the IPO listing scheduled for December 12, 2024.
| 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 |
Emerald Tyre Manufacturers IPO GMP Today:
The latest Grey Market Premium (GMP) for the Emerald Tyre Manufacturers SME IPO is ₹50. With a price band of ₹95, the estimated listing price for the IPO is ₹145 (cap price + today’s GMP). This suggests an expected potential gain of 52.63% per share upon listing.
Promoters of Emerald Tyre Manufacturers IPO
The promoter of Emerald Tyre Manufacturers is Chandrasekharan Trirupathi Venkatachalam.
About Emerald Tyre Manufacturers IPO
Founded in 2002, Emerald Tyre Manufacturers Limited 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, with a strong focus on meeting customer needs and creating long-term value for shareholders. Emerald Tyre Manufacturers has successfully expanded its market reach, exporting products to countries including the UAE, Russia, the USA, Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, and Poland.
The company has demonstrated robust financial growth, with revenue increasing over the past three years: ₹171.97 crores in 2024, ₹167.98 crores in 2023, and ₹134.70 crores in 2022. Profit After Tax (PAT) also grew by 37.04% between the financial years ending March 31, 2024, and March 31, 2023.
To fuel further capital growth, Emerald Tyre Manufacturers plans to launch an IPO to raise ₹49.26 crores. The IPO consists of a fresh issue of 49.86 lakh shares, amounting to ₹47.37 crores, along with an offer for sale of 1.99 lakh shares, aggregating to ₹1.89 crores.
Emerald Tyre Manufacturers IPO Company Financial Report
The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crore in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹134.70 | ₹128.25 | ₹4.85 | ₹135.56 |
| 2023 | ₹167.98 | ₹155.97 | ₹8.93 | ₹149.77 |
| 2024 | ₹171.97 | ₹155.82 | ₹12.24 | ₹173.99 |
Emerald Tyre Manufacturers IPO Valuation – FY2024
Check Emerald Tyre Manufacturers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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. |
Emerald Tyre Manufacturers IPO Registrar
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
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Emerald Tyre Manufacturers Limited
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/
Emerald Tyre Manufacturers IPO FAQs
What is the Emerald Tyre Manufacturers IPO?
The Emerald Tyre Manufacturers IPO is an SME IPO through which the company aims to raise ₹49.26 crores. The issue is priced between ₹90 and ₹95 per equity share and will be listed on the NSE.
When will the Emerald Tyre Manufacturers IPO open for subscription?
The IPO will open for subscription on December 5, 2024, for QIBs, NIIs, and retail investors. It will close on December 9, 2024.
What is the investor portion for the Emerald Tyre Manufacturers IPO?
The allocation for the IPO is as follows:
- 50% for Qualified Institutional Buyers (QIB)
- 15% for Non-Institutional Investors (NII)
- 35% for Retail Investors
How to apply for the Emerald Tyre Manufacturers IPO?
You can apply for the Emerald Tyre Manufacturers IPO via the ASBA online process through your bank account or UPI via your stockbroker. Alternatively, you can also apply by filling out the offline application form through your stockbroker.
What is the issue size of the Emerald Tyre Manufacturers IPO?
The total issue size of the Emerald Tyre Manufacturers IPO is ₹49.26 crores.
What is the price band for the Emerald Tyre Manufacturers IPO?
The price band for the Emerald Tyre Manufacturers IPO is ₹90 to ₹95 per share.
What is the lot size for the Emerald Tyre Manufacturers IPO?
The minimum bid is 1,200 shares, with an application amount of ₹114,000.
What is the allotment date for the Emerald Tyre Manufacturers IPO?
The IPO allotment date is scheduled for December 10, 2024.
What is the listing date for the Emerald Tyre Manufacturers IPO?
The IPO is expected to list on the NSE on December 12, 2024.
