Emerald Tyre Manufacturers IPO is a book built issue of Rs 49.26 crores. The issue is a combination of fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores.
Emerald Tyre Manufacturers IPO opens for subscription on December 5, 2024 and closes on December 9, 2024. The allotment for the Emerald Tyre Manufacturers IPO is expected to be finalized on Tuesday, December 10, 2024. Emerald Tyre Manufacturers IPO will list on NSE SME with tentative listing date fixed as Thursday, December 12, 2024.
Emerald Tyre Manufacturers IPO price band is set at ₹90 to ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Emerald Tyre Manufacturers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Emerald Tyre Manufacturers IPO DRHP for detailed information.
Emerald Tyre Manufacturers IPO Details
| IPO Date | December 5, 2024 to December 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹95 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,185,200 shares (aggregating up to ₹49.26 Cr) |
| Fresh Issue | 4,986,000 shares (aggregating up to ₹47.37 Cr) |
| Offer for Sale | 199,200 shares of ₹10 (aggregating up to ₹1.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,490,512 |
| Share holding post issue | 19,476,512 |
| Market Maker portion | 300,000 shares |
Emerald Tyre Manufacturers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Emerald Tyre Manufacturers IPO Timeline (Tentative Schedule)
Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024.
| IPO Open Date | Thursday, December 5, 2024 |
| IPO Close Date | Monday, December 9, 2024 |
| Basis of Allotment | Tuesday, December 10, 2024 |
| Initiation of Refunds | Wednesday, December 11, 2024 |
| Credit of Shares to Demat | Wednesday, December 11, 2024 |
| Listing Date | Thursday, December 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 9, 2024 |
Emerald Tyre Manufacturers IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
| Lot Size Calculator | |||
Emerald Tyre Manufacturers IPO Promoter Holding
Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.
| Share Holding Pre Issue | 67.62% |
| Share Holding Post Issue |
About Emerald Tyre Manufacturers Limited
Incorporated in 2002, Emerald Tyre Manufacturers Limited specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name “GRECKSTER“.
Emerald Tyre Manufacturers Limited’s products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & Flaps and Wheel Rims.
The company’s products are being exported to global markets including, the USA, UAE, Russia, and major European Countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. The company also has warehouses located in Belgium, UAE and the USA providing on-time delivery of products and value-added services to 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.
Competitive Strength:
- Experienced and dedicated management team
- Manufacturing Facility to handle a wide range of off Highway Tyres
- Wide product range and customized product offering
- Diverse Customer Base
- Qualitative Products
Emerald Tyre Manufacturers Limited Financial Information (Restated Consolidated)
Emerald Tyre Manufacturers Limited’s revenue increased by 2.37% and profit after tax (PAT) rose by 37.04% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 | 5,406.85 | 3,698.84 | 2,897.44 |
| Reserves and Surplus | 3,957.79 | 3,042.79 | 2,241.39 |
| Total Borrowing | 8,718.28 | 8,466.40 | 7,504.59 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Emerald Tyre Manufacturers IPO is Rs 185.03 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| P/BV | 2.55 |
| PAT Margin (%) | 7.16 |
Check Emerald Tyre Manufacturers IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Emerald Tyre Manufacturers IPO Objectives)
The Company proposes to utilize the funds which are being raised towards funding the following objects:
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Emerald Tyre Manufacturers IPO Prospectus
Emerald Tyre Manufacturers Limited Contact Details
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 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