Emerald Tyre Manufacturers IPO vs Ganesh Infraworld IPO

Comparison between Emerald Tyre Manufacturers IPO and Ganesh Infraworld IPO.

IPO Details

Emerald Tyre Manufacturers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Ganesh Infraworld 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 Ganesh Infraworld IPO is up to ₹88.72 Cr. The final issue price of Emerald Tyre Manufacturers IPO is ₹95.00 per share and of Ganesh Infraworld IPO is ₹83.00 per share.

 Emerald Tyre Manufacturers IPOGanesh Infraworld IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹90.00 per share₹78.00 per share
Issue Price (Upper)₹95.00 per share₹83.00 per share
Issue Price (Final)₹95.00 per share₹83.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size46,86,000 shares1,06,89,600 shares
Fresh Issue Size (Amount)up to ₹44.52 Crup to ₹88.72 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 shares1,06,89,600 shares
Issue Size Total (Amount)up to ₹46.41 Crup to ₹88.72 Cr

IPO Timetable

Emerald Tyre Manufacturers IPO opens on Dec 05, 2024, while Ganesh Infraworld IPO opens on Nov 29, 2024. The closing date of Emerald Tyre Manufacturers IPO and Ganesh Infraworld IPO is Dec 09, 2024, and Dec 03, 2024, respectively.

 Emerald Tyre Manufacturers IPOGanesh Infraworld IPO
Anchor Bid DateDec 04, 2024Nov 28, 2024
Issue OpenDec 05, 2024Nov 29, 2024
Issue CloseDec 09, 2024Dec 03, 2024
Basis Of Allotment (Tentative)Dec 10, 2024Dec 04, 2024
Initiation of Refunds (Tentative)Dec 10, 2024Dec 05, 2024
Credit of Share (Tentative)Dec 11, 2024Dec 05, 2024
Listing date (Tentative)Dec 12, 2024Dec 06, 2024
Anchor Lockin End date 1Jan 09, 2025Jan 03, 2025
Anchor Lockin End date 2Mar 10, 2025Mar 04, 2025

Financials & KPIs

Emerald Tyre Manufacturers IPO P/E ratio is 11.25, as compared to Ganesh Infraworld IPO P/E ratio of 16.47.

 Emerald Tyre Manufacturers IPOGanesh Infraworld 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 Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets120.06177.2542.6725.30
Total Income212.33291.81135.0581.15
Profit After Tax15.3715.545.211.89
NET Worth66.1737.2015.158.19
Reserves and Surplus50.7526.22
Total Borrowing10.3330.727.093.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.6281.84
Promoter Shareholding (Post-Issue)50.3159.09
P/E Ratio11.2516.47
Market Cap₹185.03 Cr.₹354.59 Cr.
ROE29.74
ROCE15.8435.17
Debt/Equity1.610.16
EPS₹8.44₹5.04
RoNW22.6329.74

Shares Offered

In the Emerald Tyre Manufacturers IPO Retail Individual Investors (RII) are offered 17,11,200 shares while in Ganesh Infraworld 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 21,37,600 shares in Ganesh Infraworld IPO.

 Emerald Tyre Manufacturers IPOGanesh Infraworld IPO
Anchor Investor Reservation14,64,000 shares32,03,200 shares
Market Maker Reservation3,00,000 shares11,87,200 shares
QIB9,76,800 shares21,37,600 shares
NII7,33,200 shares16,04,800 shares
RII17,11,200 shares37,44,000 shares
Employee
Others
Total48,85,200 shares1,06,89,600 shares

Bids Received (Subscription)

Emerald Tyre Manufacturers IPO subscribed 371.58x in total, whereas Ganesh Infraworld IPO subscribed 258.82x.

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