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 include Solid Resilient Tyres, Press bands, Industrial Pneumatic Tyres, Butyl Tubes and 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.
Emerald Tyre Manufacturers IPO – Details
| IPO Opening Date | 05 December 2024 |
| IPO Closing Date | 09 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 51,85,200 Shares Worth ₹49.26 Crore Fresh Issue: 49,86,000 Shares Worth ₹47.37 Crore Offer For Sale: 1,99,200 Shares Worth ₹1.89 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 – ₹95 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Emerald Tyre Manufacturers IPO – Date Schedule
| IPO Open Date | 05 December 2024 |
| IPO Close Date | 09 December 2024 |
| Basis of Allotment | 10 December 2024 |
| Initiation of Refund | 11 December 2024 |
| Credit of Shares to Demat Account | 11 December 2024 |
| IPO Listing Date | 12 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 09, 2024 |
Emerald Tyre Manufacturers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,14,000 |
| Retail (Max) | 1 | 1200 | ₹1,14,000 |
| HNI (Min) | 2 | 2400 | ₹2,28,000 |
Competitive Strengths
- 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.
Company Promoters
- Chandhrasekharan Trirupathi Venkatachalam
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 134.69 | 128.24 | 4.84 | 75.04 |
| 31 March 2023 | 167.98 | 155.97 | 8.92 | 84.66 |
| 31 March 2024 | 171.96 | 155.82 | 12.23 | 87.18 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| P/BV | 2.55 |
| PAT Margin (%) | 7.16 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
Object Of The Issue
- To meet the Capital Expenditure.
- To meet General Corporate Purposes.
- To meet Offer Expenses.
Emerald Tyre Manufacturers IPO Promoter Holding
| Pre Issue Share Holding | 67.62% |
| Post Issue Share Holding | – |
Emerald Tyre Manufacturers IPO Prospectus
- Emerald Tyre Manufacturers IPO DRHP
- Emerald Tyre Manufacturers IPO RHP
Company Contact Information
| 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 |
Emerald Tyre Manufacturers IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Emerald Tyre Manufacturers IPO FAQs
| What is Emerald Tyre Manufacturers IPO? Emerald Tyre Manufacturers IPO is an SME IPO. The issue is priced at ₹90 and ₹95 per equity share. The IPO is to be listed on NSE SME. |
| When Emerald Tyre Manufacturers IPO will open? The IPO is to open on 05 December 2024 for QIB, NII, and Retail Investors. |
| What is Emerald Tyre Manufacturers IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Emerald Tyre Manufacturers IPO? You can apply Emerald Tyre Manufacturers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Emerald Tyre Manufacturers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Emerald Tyre Manufacturers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Emerald Tyre Manufacturers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Emerald Tyre Manufacturers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Emerald Tyre Manufacturers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Emerald Tyre Manufacturers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Emerald Tyre Manufacturers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Emerald Tyre Manufacturers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Emerald Tyre Manufacturers IPO Size? Emerald Tyre Manufacturers IPO size is ₹49.26 Crore. |
| What is Emerald Tyre Manufacturers IPO Price Band? Emerald Tyre Manufacturers IPO Price Band is ₹90 – ₹95. |
| What is Emerald Tyre Manufacturers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹1,14,000 amount while the maximum bid is 1200 Shares with ₹1,14,000. |
| What is the Emerald Tyre Manufacturers IPO Allotment Date? Emerald Tyre Manufacturers IPO allotment date is 10 December 2024. |
| What is the Emerald Tyre Manufacturers IPO Listing Date? Emerald Tyre Manufacturers IPO listing date is 12 December 2024. The IPO is to be listed on NSE SME. |
