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Emerald Tyre Manufacturers IPO is a book build issue of ₹49.26 crores. The issue is a combination of fresh issue of 0.50 crore shares aggregating to ₹47.37 crores and offer for sale of 0.02 crore shares aggregating to ₹1.89 crores.
Emerald Tyre Manufacturers IPO bidding started from Dec 5, 2024 and ended on Dec 9, 2024. The allotment for Emerald Tyre Manufacturers IPO was finalized on Dec 10, 2024. The shares got listed on NSE SME on Dec 12, 2024.
Emerald Tyre Manufacturers IPO price band is set at ₹95.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,08,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Emerald Tyre Manufacturers IPO RHP for detailed Information.
| IPO Date | December 5, 2024 to December 9, 2024 |
| Listing Date | December 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹95 per share |
| Issue Price Final | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 51,85,200 shares (aggregating up to ₹49.26 Cr) |
| Reserved for Market Maker | 3,00,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.85 Cr) |
| Fresh Issue (Ex Market Maker) | 46,86,000 shares (aggregating up to ₹44.52 Cr) |
| Offer for Sale | 1,99,200 shares of ₹10 (aggregating up to ₹1.89 Cr) |
| Net Offered to Public | 48,85,200 shares (aggregating up to ₹46.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,44,90,512 shares |
| Share Holding Post Issue | 1,94,76,512 shares |
Emerald Tyre Manufacturers IPO offers total 51,85,200 shares. Out of which 24,40,800 (47.07%) allocated to QIB, 9,76,800 (18.84%) allocated to QIB, 7,33,200 (14.14%) allocated to NII, 17,11,200 (33.00%) allocated to RII and 14,64,000 (28.23%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.79%) |
| QIB Shares Offered | 24,40,800 (47.07%) |
| − Anchor Investor Shares Offered | 14,64,000 (28.23%) |
| − QIB (Ex. Anchor) Shares Offered | 9,76,800 (18.84%) |
| NII (HNI) Shares Offered | 7,33,200 (14.14%) |
| Retail Shares Offered | 17,11,200 (33.00%) |
| Total Shares Offered | 51,85,200 (100.00%) |
Emerald Tyre Manufacturers IPO raises ₹13.91 crore from anchor investors. Emerald Tyre Manufacturers IPO Anchor bid date is December 4, 2024. Emerald Tyre Manufacturers IPO Anchor Investors list
| Bid Date | December 4, 2024 |
| Shares Offered | 14,64,000 |
| Anchor Portion Size (In Cr.) | 13.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 10, 2025 |
Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024.
| IPO Open Date | Thu, Dec 5, 2024 |
| IPO Close Date | Mon, Dec 9, 2024 |
| Tentative Allotment | Tue, Dec 10, 2024 |
| Initiation of Refunds | Tue, Dec 10, 2024 |
| Credit of Shares to Demat | Wed, Dec 11, 2024 |
| Tentative Listing Date | Thu, Dec 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 9, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name "GRECKSTER".
Emerald Tyre Manufacturers products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & 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.
As of March 31 2024, The company had 224 permanent and 191 contractual employees.
Competitive Strength:
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 | ||||
The market capitalization of Emerald Tyre Manufacturers IPO is ₹185.03 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| PAT Margin | 7.16% |
| Price to Book Value | 2.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
The Company proposes to utilize the funds which are being raised towards funding the following objects:
[Dilip Davda] The company is engaged manufacturing and marketing of comprehensive range of tyres for material handling applications and has global presence. It posted steady growth in its top lines with boosted bottom lines from FY22 onwards. Based on FY25 annualized super earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 12, 2024 |
| BSE Script Code | |
| NSE Symbol | ETML |
| ISIN | INE0RHD01013 |
| Final Issue Price | ₹95 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹180.50 |
| Low | ₹180.50 |
| High | ₹189.50 |
| Last Trade | ₹189.50 |
Emerald Tyre Manufacturers Ltd.
Emerald House, Plot No.2
Second Street, Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee
Porur, Tamil Nadu, 600095
Phone: 9043063194
Email: cosec@emeraldtyres.com
Website: https://emeraldtyres.com/
MUFG Intime India Pvt.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 is a SME IPO of 51,85,200 equity shares of the face value of ₹10 aggregating up to ₹49.26 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on December 5, 2024, and closes on December 9, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Emerald Tyre Manufacturers IPO using UPI as a payment gateway. Zerodha customers can apply in Emerald Tyre Manufacturers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Emerald Tyre Manufacturers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Emerald Tyre Manufacturers IPO opens on December 5, 2024 and closes on December 9, 2024.
Emerald Tyre Manufacturers IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Emerald Tyre Manufacturers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Emerald Tyre Manufacturers IPO will be done on Tuesday, December 10, 2024, and the allotted shares will be credited to your demat account by Wednesday, December 11, 2024. Check the Emerald Tyre Manufacturers IPO allotment status.
The Emerald Tyre Manufacturers IPO listing date is on Thursday, December 12, 2024.
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