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Emerald Tyre Manufacturers Limited IPO (Emerald Tyre Manufacturers Limited IPO) Details
Emerald Tyre Manufacturers Limited
Emerald Tyre Manufacturers Limited IPO's overview
Emerald Tyre Manufacturers Limited IPO is a book built issue of ₹49.26 Cr (49,25,94,000). The issue is a combination of fresh issue of 49.86 Lakh (49,86,000) shares aggregating to ₹47.37 Cr (47,36,70,000) and offer for sale of 1.99 Lakh (1,99,200) shares aggregating to ₹1.89 Cr (1,89,24,000).
Emerald Tyre Manufacturers Limited IPO bidding started from Dec 05, 2024 and ended on Dec 09, 2024. The allotment for Emerald Tyre Manufacturers Limited IPO was finalized on Dec 09, 2024. The shares got listed on NSE, BSE on Dec 12, 2024.
Emerald Tyre Manufacturers Limited 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 ₹1.08 Lakh (1,08,000).
Refer to Emerald Tyre Manufacturers Limited IPO RHP for detailed information.
IPO date
Dec 05,2024 - Dec 09,2024
Listing Date
Dec 12,2024
Face value
₹10
Price Band
₹90 to ₹95 per share
Lot
₹1200 Shares
Total Issue Size
51.85 Lakh (51,85,200)
aggregating up to ₹49.26 Cr (49,25,94,000)
Fresh Issue
49.86 Lakh (49,86,000)
aggregating up to ₹47.37 Cr (47,36,70,000)
Offer for sale
1.99 Lakh (1,99,200)
aggregating up to ₹1.89 Cr (1,89,24,000)
Issue Type
Book Building
IPO Type
SMEListing At
NSEBSE
Pre Issue Size
1.45 Cr (1,44,90,512)
Post Issue Size
1.95 Cr (1,94,76,512)
Thu, Dec 05, 2024
IPO Open
Mon, Dec 09, 2024
IPO Close
Mon, Dec 09, 2024
Basis of Allotment
Tue, Dec 10, 2024
Initiation of Refunds
Wed, Dec 11, 2024
Credit of Shares to Demat
Thu, Dec 12, 2024
Listing
Emerald Tyre Manufacturers Limited IPO Day-wise IPO GMP Trend
Emerald Tyre Manufacturers Limited IPO last GMP is ₹85, last updated Dec 11,2024. With the price band of 95.00, Emerald Tyre Manufacturers Limited IPO's estimated listing price is ₹180 (cap price + today's GMP).The expected percentage gain/loss per share is 89.47%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 11-Dec-24 | 95.00 | 85 | 180(89.47%) | 11-Dec-2024 14:27 |
| 10-Dec-24 | 95.00 | 85 | 180(89.47%) | 10-Dec-2024 22:26 |
| 09-Dec-24 | 95.00 | 95 | 190(100.00%) | 9-Dec-2024 22:30 |
| 08-Dec-24 | 95.00 | 75 | 170(78.95%) | 8-Dec-2024 22:31 |
| 07-Dec-24 | 95.00 | 75 | 170(78.95%) | 7-Dec-2024 22:27 |
| 06-Dec-24 | 95.00 | 75 | 170(78.95%) | 6-Dec-2024 22:26 |
| 05-Dec-24 | 95.00 | 75 | 170(78.95%) | 5-Dec-2024 22:25 |
| 04-Dec-24 | 95.00 | 75 | 170(78.95%) | 4-Dec-2024 22:32 |
| 03-Dec-24 | 95.00 | 50 | 145(52.63%) | 3-Dec-2024 22:25 |
| 02-Dec-24 | 95.00 | 50 | 145(52.63%) | 2-Dec-2024 22:31 |
| 01-Dec-24 | 95.00 | 0 | 95(0.00%) | 1-Dec-2024 22:24 |
| 30-Nov-24 | 95.00 | 0 | 95(0.00%) | 30-Nov-2024 22:30 |
| 29-Nov-24 | 95.00 | 0 | 95(0.00%) | 29-Nov-2024 22:24 |
Emerald Tyre Manufacturers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 1,200 | ₹1.14 Lakh (1,14,000) |
Retail(Max) | 1 | 1,200 | ₹1.14 Lakh (1,14,000) |
SHNI(Min) | 2 | 2,400 | ₹2.28 Lakh (2,28,000) |
Emerald Tyre Manufacturers Limited IPO Financial Information (Restated Consolidated)
| Label | Jul 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 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 |
| Emerald Tyre Manufacturers Limited Financial Information | ||||
About Emerald Tyre Manufacturers Limited
Incorporation Year: 2002
Brand Name: GRECKSTER
Business Focus: Manufacturing, supplying, and servicing a diverse range of tyres and wheel solutions, including off-highway tyres.
Product Portfolio
- Solid Resilient Tyres
- Press Bands
- Industrial Pneumatic Tyres
- Butyl Tubes & Flaps
- Wheel Rims
Global Reach and Warehousing
Emerald Tyre exports its products to global markets, including:
- North America: USA
- Middle East: UAE
- Europe: Belgium, Germany, Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK.
Warehouses: Located in Belgium, UAE, and the USA, ensuring on-time delivery and value-added services to customers worldwide.
Workforce (As of March 31, 2024)
- Permanent Employees: 224
- Contractual Employees: 191
Financial Performance
The company has shown robust financial growth over the last three years:
-
Revenue:
- FY2024: ₹17,196.84 lakhs
- FY2023: ₹16,798.10 lakhs
- FY2022: ₹13,469.67 lakhs
-
Profit After Tax (PAT):
- Increased by 37.04% between FY2023 and FY2024.
Competitive Strengths
- Experienced Management: A seasoned team ensuring strategic and operational excellence.
- Diverse Product Range: A wide variety of off-highway tyres and customized offerings.
- Customer-Centric Approach: Tailored solutions for a diverse customer base across geographies.
- Qualitative Products: High-quality manufacturing meeting global standards.
- Strategic Warehousing: Regional warehouses for efficient distribution.
Capital Growth and IPO
To further fuel its growth, the company plans to launch an IPO worth ₹49.26 crores:
- Fresh Issue: 49.86 lakh shares aggregating to ₹47.37 crores.
- Offer for Sale: 1.99 lakh shares aggregating to ₹1.89 crores.
Strategic Vision
Emerald Tyre Manufacturers is committed to:
- Expanding Market Presence: Particularly in North America and Europe.
- Innovation in Product Development: Addressing off-highway tyre solutions.
- Customer Focus: Enhancing services and delivery mechanisms.
- Shareholder Value: Maximizing returns through sustained growth and profitability.
Emerald Tyre Manufacturers combines its global footprint, diverse offerings, and financial resilience to remain a leader in the tyre manufacturing industry.
Emerald Tyre Manufacturers Limited IPO's documents
Emerald Tyre Manufacturers Limited Contact Details
Emerald House, Plot No.2
Second Street, Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee, 600095
Phone: 9043063194
Email: [email protected]
Website: https://emeraldtyres.com/about-emerald/
Emerald Tyre Manufacturers Limited IPO's Promoters
The promoter of the company is Chandhrasekharan Trirupathi Venkatachalam
Emerald Tyre Manufacturers Limited IPO Registrar
Phone:
+91-22-4918 6270
Email: