Emerald Tyre Manufacturers IPO vs Purple United Sales IPO

Comparison between Emerald Tyre Manufacturers IPO and Purple United Sales IPO.

IPO Details

Emerald Tyre Manufacturers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Purple United Sales IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Emerald Tyre Manufacturers IPO is up to ₹46.41 Cr whereas the issue size of the Purple United Sales IPO is up to ₹31.16 Cr. The final issue price of Emerald Tyre Manufacturers IPO is ₹95.00 per share and of Purple United Sales IPO is ₹126.00 per share.

 Emerald Tyre Manufacturers IPOPurple United Sales IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share₹121.00 per share
Issue Price (Upper)₹95.00 per share₹126.00 per share
Issue Price (Final)₹95.00 per share₹126.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size46,86,000 shares24,73,000 shares
Fresh Issue Size (Amount)up to ₹44.52 Crup to ₹31.16 Cr
OFS Issue Size1,99,200 shares0 shares
OFS Issue Size (Amount)up to ₹1.89 Crup to ₹0.00 Cr
Issue Size Total48,85,200 shares24,73,000 shares
Issue Size Total (Amount)up to ₹46.41 Crup to ₹31.16 Cr

IPO Timetable

Emerald Tyre Manufacturers IPO opens on Dec 05, 2024, while Purple United Sales IPO opens on Dec 11, 2024. The closing date of Emerald Tyre Manufacturers IPO and Purple United Sales IPO is Dec 09, 2024, and Dec 13, 2024, respectively.

 Emerald Tyre Manufacturers IPOPurple United Sales IPO
Anchor Bid DateDec 04, 2024Dec 10, 2024
Issue OpenDec 05, 2024Dec 11, 2024
Issue CloseDec 09, 2024Dec 13, 2024
Basis Of Allotment (Tentative)Dec 10, 2024Dec 16, 2024
Initiation of Refunds (Tentative)Dec 10, 2024Dec 17, 2024
Credit of Share (Tentative)Dec 11, 2024Dec 17, 2024
Listing date (Tentative)Dec 12, 2024Dec 18, 2024
Anchor Lockin End date 1Jan 09, 2025Jan 14, 2025
Anchor Lockin End date 2Mar 10, 2025Mar 15, 2025

Financials & KPIs

Emerald Tyre Manufacturers IPO P/E ratio is 11.25, as compared to Purple United Sales IPO P/E ratio of 18.33.

 Emerald Tyre Manufacturers IPOPurple United Sales IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets181.90173.94149.77135.56
Total Income64.93171.97167.98134.70
Profit After Tax4.1412.148.934.85
NET Worth58.1453.9836.9928.97
Reserves and Surplus43.6539.4930.4322.41
Total Borrowing87.5087.1884.6675.05
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets70.3449.1432.5122.79
Total Income30.5242.9225.7116.56
Profit After Tax3.294.821.491.77
NET Worth23.6917.3410.376.18
Reserves and Surplus16.6810.704.290.64
Total Borrowing33.6725.6311.8711.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.6287.54
Promoter Shareholding (Post-Issue)50.3163.82
P/E Ratio11.2518.33
Market Cap₹185.03 Cr.₹121.08 Cr.
ROE
ROCE15.8419.35
Debt/Equity1.611.48
EPS₹8.44₹6.87
RoNW22.6327.78

Shares Offered

In the Emerald Tyre Manufacturers IPO Retail Individual Investors (RII) are offered 17,11,200 shares while in Purple United Sales IPO retail investors are offered 17,11,200 shares. Qualified Institutional Buyers (QIB) are offered 9,76,800 shares in Emerald Tyre Manufacturers IPO and 4,95,000 shares in Purple United Sales IPO.

 Emerald Tyre Manufacturers IPOPurple United Sales IPO
Anchor Investor Reservation14,64,000 shares7,41,000 shares
Market Maker Reservation3,00,000 shares1,31,000 shares
QIB9,76,800 shares4,95,000 shares
NII7,33,200 shares3,71,000 shares
RII17,11,200 shares8,66,000 shares
Employee
Others
Total48,85,200 shares24,73,000 shares

Bids Received (Subscription)

Emerald Tyre Manufacturers IPO subscribed 371.58x in total, whereas Purple United Sales IPO subscribed 112.12x.

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