Bookbuilding IPO | ₹49 Cr | Listed at NSE SME | Thu, Dec 5, 2024 - Mon, Dec 9, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 5, 2024
IPO Close
Mon, Dec 9, 2024
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹185.03 Cr
| IPO Date | 5 to 9 Dec, 2024 |
| Listed on | Thu, Dec 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹95 |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,85,200 shares (agg. up to ₹49 Cr) |
| Reserved for Market Maker | 3,00,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 46,86,000 shares (agg. up to ₹45 Cr) |
| Offer for Sale | 1,99,200 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 48,85,200 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,44,90,512 shares |
| Share Holding Post Issue | 1,94,76,512 shares |
| NSE Symbol | ETML |
| ISIN | INE0RHD01013 |
Emerald Tyre Manufacturers IPO comprises a total issue size of 51,85,200 shares. The net offer to the public is 48,85,200 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 24,40,800 (49.96%) are allocated to QIB, 7,33,200 (15.01%) allocated to NII 17,11,200 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,40,800 | 49.96% | 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 | 15.01% | 14.14% |
| Retail Shares Offered | 17,11,200 | 35.03% | 33.00% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.79% | |
| Total Shares Offered | 51,85,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Emerald Tyre Manufacturers IPO raises ₹13.91 crore from anchor investors. Emerald Tyre Manufacturers IPO Anchor bid date is December 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 4, 2024 |
| Shares Offered | 14,64,000 |
| Anchor Portion (₹ Cr.) | 13.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 10, 2025 |
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:
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 181.90 | 173.94 | 149.77 | 135.56 |
| Total Income | 64.93 | 171.97 | 167.98 | 134.70 |
| Profit After Tax | 4.14 | 12.14 | 8.93 | 4.85 |
| NET Worth | 58.14 | 53.98 | 36.99 | 28.97 |
| Reserves and Surplus | 43.65 | 39.49 | 30.43 | 22.41 |
| Total Borrowing | 87.50 | 87.18 | 84.66 | 75.05 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Capital Expenditure; | 36.33 |
| 2 | To meet General Corporate Purposes; and | 8.51 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
| Promoter Holding | 67.62% | 50.31% |
| Market Cap | ₹185.03 Cr. |
The Emerald Tyre Manufacturers IPO is subscribed 530.59 times on December 9, 2024 6:19:59 PM (Day 3). The public issue subscribed 558.11 times in the retail category, 195.95 times in the QIB category, and 912.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 195.95 | 9,76,800 | 19,14,06,000 | 116 |
| NII* | 912.18 | 7,33,200 | 66,88,08,000 | 60,461 |
| Retail | 558.11 | 17,11,200 | 95,50,45,200 | 7,95,871 |
| Total | 530.59 | 34,21,200 | 1,81,52,59,200 | 8,56,448 |
Total Application : 8,56,448
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 2.00 |
| 2 | Advertising and Marketing Expenses | 0.08 |
| 3 | Fees Payable to stock Exchange | 0.08 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 5 | Brokerage and Selling Commission | 0.25 |
| 6 | Other Miscellaneous Expenses | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹180.50 |
| Low | ₹180.50 |
| High | ₹189.50 |
| Last Trade | ₹189.50 |
Lead Manager Reports
Emerald Tyre Manufacturers IPO is a SME IPO of 51,85,200 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Dec 5, 2024, and closes on Mon, Dec 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 Thu, Dec 5, 2024 and closes on Mon, Dec 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 Wed, Dec 11, 2024. Check the Emerald Tyre Manufacturers IPO allotment status.
The Emerald Tyre Manufacturers IPO listing date is on Thu, Dec 12, 2024.
