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.

	Emerald Tyre Manufacturers IPO	Purple United Sales 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.	Expert Global Consultants Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Prabhat Financial Services 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 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 IPO	Purple 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 Size	1200 shares	1000 shares
Fresh Issue Size	46,86,000 shares	24,73,000 shares
Fresh Issue Size (Amount)	up to ₹44.52 Cr	up to ₹31.16 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	24,73,000 shares
Issue Size Total (Amount)	up to ₹46.41 Cr	up 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 IPO	Purple United Sales IPO
Anchor Bid Date	Dec 04, 2024	Dec 10, 2024
Issue Open	Dec 05, 2024	Dec 11, 2024
Issue Close	Dec 09, 2024	Dec 13, 2024
Basis Of Allotment (Tentative)	Dec 10, 2024	Dec 16, 2024
Initiation of Refunds (Tentative)	Dec 10, 2024	Dec 17, 2024
Credit of Share (Tentative)	Dec 11, 2024	Dec 17, 2024
Listing date (Tentative)	Dec 12, 2024	Dec 18, 2024
Anchor Lockin End date 1	Jan 09, 2025	Jan 14, 2025
Anchor Lockin End date 2	Mar 10, 2025	Mar 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 IPO

Purple United Sales 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

Purple United Sales Limited Financial Information (Restated)

Purple United Sales Limited's revenue increased by 67% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,033.67	4,913.96	3,250.92	2,278.96
Total Income	3,052.04	4,291.59	2,571.1	1,656.19
Profit After Tax	329.28	481.54	149.22	177.16
Net Worth	2,368.62	1,733.64	1,036.58	617.59
Reserves and Surplus	1,668.04	1,070.34	428.5	63.77
Total Borrowing	3,366.66	2,562.8	1,187.42	1,105.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.62

87.54

Promoter Shareholding (Post-Issue)

63.82

P/E Ratio

11.25

18.33

Market Cap

₹185.03 Cr.

₹121.08 Cr.

ROE

ROCE

15.84%

19.35%

Debt/Equity

1.61

1.48

EPS

₹8.44

₹6.87

RoNW

22.63%

27.78%

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 IPO	Purple United Sales IPO
Anchor Investor Reserveration	14,64,000 shares	7,41,000 shares
Market Maker Reserveration	3,00,000 shares	1,31,000 shares
QIB	9,76,800 shares	4,95,000 shares
NII	7,33,200 shares	3,71,000 shares
RII	17,11,200 shares	8,66,000 shares
Employee
Others
Total	48,85,200 shares	24,73,000 shares

Bids Received (Subscription)

Emerald Tyre Manufacturers IPO subscribed 530.59x in total, whereas Purple United Sales IPO subscribed 160.08x.

	Emerald Tyre Manufacturers IPO	Purple United Sales IPO
QIB (times)	195.95x	86.30x
NII (times)	912.18x	269.70x
Big NII (times)
Small NII (times)
RII (times)	558.11x	155.29x
Employee (times)
Other (times)
Total (times)	530.59x	160.08x

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