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.

	Emerald Tyre Manufacturers IPO	Ganesh Infraworld IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Vivro Financial Services Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 IPO	Ganesh 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 Size	1200 shares	1600 shares
Fresh Issue Size	46,86,000 shares	1,06,89,600 shares
Fresh Issue Size (Amount)	up to ₹44.52 Cr	up to ₹88.72 Cr
OFS Issue Size	1,99,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹1.89 Cr	up to ₹0.00 Cr
Issue Size Total	48,85,200 shares	1,06,89,600 shares
Issue Size Total (Amount)	up to ₹46.41 Cr	up 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 IPO	Ganesh Infraworld IPO
Anchor Bid Date	Dec 04, 2024	Nov 28, 2024
Issue Open	Dec 05, 2024	Nov 29, 2024
Issue Close	Dec 09, 2024	Dec 03, 2024
Basis Of Allotment (Tentative)	Dec 10, 2024	Dec 04, 2024
Initiation of Refunds (Tentative)	Dec 10, 2024	Dec 05, 2024
Credit of Share (Tentative)	Dec 11, 2024	Dec 05, 2024
Listing date (Tentative)	Dec 12, 2024	Dec 06, 2024
Anchor Lockin End date 1	Jan 09, 2025	Jan 03, 2025
Anchor Lockin End date 2	Mar 10, 2025	Mar 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 IPO

Ganesh Infraworld IPO

Financials

Emerald Tyre Manufacturers Limited Financial Information (Restated Consolidated)

Emerald Tyre Manufacturers Limited's revenue increased by 2.37% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

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
Total Income	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
Amount in ₹ Lakhs

Ganesh Infraworld Limited Financial Information (Restated)

Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Total Income	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.62

81.84

Promoter Shareholding (Post-Issue)

P/E Ratio

11.25

16.47

Market Cap

₹185.03 Cr.

₹354.59 Cr.

ROE

29.74

ROCE

15.84%

35.17

Debt/Equity

1.61

0.16

EPS

₹8.44

₹5.04

RoNW

22.63%

29.74

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 IPO	Ganesh Infraworld IPO
Anchor Investor Reserveration	14,64,000 shares	32,03,200 shares
Market Maker Reserveration	3,00,000 shares	11,87,200 shares
QIB	9,76,800 shares	21,37,600 shares
NII	7,33,200 shares	16,04,800 shares
RII	17,11,200 shares	37,44,000 shares
Employee
Others
Total	48,85,200 shares	1,06,89,600 shares

Bids Received (Subscription)

Emerald Tyre Manufacturers IPO subscribed 530.59x in total, whereas Ganesh Infraworld IPO subscribed 369.56x.

	Emerald Tyre Manufacturers IPO	Ganesh Infraworld IPO
QIB (times)	195.95x	163.52x
NII (times)	912.18x	865.82x
Big NII (times)
Small NII (times)
RII (times)	558.11x	274.48x
Employee (times)
Other (times)
Total (times)	530.59x	369.56x

Compare with others

Emerald Tyre Manufacturers IPO	Ganesh Infraworld IPO
Supreme Facility Management IPO	Dhanlaxmi Crop Science IPO
Toss The Coin IPO	Jungle Camps IPO
Dhanlaxmi Crop Science IPO	Purple United Sales IPO
Jungle Camps IPO	Emerald Tyre Manufacturers IPO
Purple United Sales IPO	Abha Power IPO
Abha Power IPO	Agarwal Toughened Glass IPO
Ganesh Infraworld IPO	Apex Ecotech IPO
Agarwal Toughened Glass IPO	Rajputana Biodiesel IPO
Apex Ecotech IPO	Rajesh Power IPO
Rajputana Biodiesel IPO	C2C Advanced Systems IPO