Emerald Tyre Manufacturers Limited
Dec 5, 2024 - Dec 9, 2024
Emerald Tyre Manufacturers Limited IPO Details
SME
Status
listed
Issue Price
₹90.00 - ₹95.00
Lot Size
1200 Shares
Subscription
530.59 times
Listing Price
₹180.50 (90%)
Face Value
₹10 Per share
Issue Size
Approx ₹49.26 Cr
Fresh Issue
Approx ₹47.37 Cr
Total Shares Offered
Approx ₹1.89 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
NSE SME
Registrar
Link Intime India Private Ltd
NSE Code
ETML
IPO Tentative Timetable
Open Date
Thu Dec 05 2024
Close Date
Mon Dec 09 2024
Allotment Date
Tue Dec 10 2024
Refunds Initiation
Tue Dec 10 2024
Demat Transfer
Wed Dec 11 2024
Listing Date
Thu Dec 12 2024
Valuation
Earning Per Share (EPS)
₹8.71
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
22.63%
Net Asset Value (NAV)
₹37.31
Promoters
Pre issue Share Holding
67.62%
Post issue Share Holding
-
Company Promoters
- Chandhrasekharan Trirupathi Venkatachalam
Lead Managers
GYR Capital Advisors Private Limited
Live Subscription
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Dec 5, 2024 | 0.52 | 43.42 | 70.09 | 44.51 |
| Dec 6, 2024 | 0.63 | 137.27 | 170.43 | 114.84 |
| Dec 9, 2024 | 195.95 | 912.18 | 558.11 | 530.59 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| P/BV | 2.55 |
| PAT Margin (%) | 7.16 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Company Financial
| 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 |
About Company
Founded in 2002, Emerald Tyre Manufacturers focuses on making, supplying, and servicing a variety of tyres under the brand name "GRECKSTER." Their products include:
- Solid Resilient Tyres
- Press Bands
- Industrial Pneumatic Tyres
- Butyl Tubes & Flaps
- Wheel Rims
Global Reach:
The company exports its products to countries like the USA, UAE, Russia, and many European nations, including Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK. They also have warehouses in Belgium, UAE, and the USA to ensure fast delivery and added customer services across Europe, the Middle East, and North America.
Employees:
As of March 31, 2024, Emerald Tyre Manufacturers had 224 permanent employees and 191 contractual workers.
Key Strengths:
- Skilled and committed management team
- Advanced manufacturing facilities for off-highway tyres
- A wide range of products with customized options
- Diverse customer base
- High-quality products
- Solid Resilient Tyres
- Press Bands
- Industrial Pneumatic Tyres
- Butyl Tubes & Flaps
- Wheel Rims
Global Reach:
The company exports its products to countries like the USA, UAE, Russia, and many European nations, including Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK. They also have warehouses in Belgium, UAE, and the USA to ensure fast delivery and added customer services across Europe, the Middle East, and North America.
Employees:
As of March 31, 2024, Emerald Tyre Manufacturers had 224 permanent employees and 191 contractual workers.
Key Strengths:
- Skilled and committed management team
- Advanced manufacturing facilities for off-highway tyres
- A wide range of products with customized options
- Diverse customer base
- High-quality products
Company Contact
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
Registrar Contact
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