Emerald Tyre Manufacturers IPO
Open SmeCurrent GMP
₹85 (+89.47%)
Price Band
₹ 90 – 95
Lot Size
1200
Issue Size
₹49.26 Cr
Minimum Investment
₹228000 (2400 Shares)
Listing Date
12 December 2024
Subscription
531.35x
About the Company
Emerald Tyre Manufacturers Limited (formerly known as Emerald Resilient Tyre Manufacturers Limited) is a prominent tyre manufacturing company based in India, specializing in off-highway tyres. The company was incorporated on March 27, 2002, under the name Emrald Resilient Tyre Manufacturers Private Limited and has undergone several name changes, culminating in its current name in January 2024.
Business Overview:
Emerald Tyre Manufacturers is engaged in the manufacturing, supplying, and servicing of tyres for various applications, including forklifts, mining equipment, airport ground support, and agricultural machinery. The company has established a strong domestic and international presence, particularly under the brand name GRECKSTER. It operates a manufacturing unit located in the SIPCOT Industrial Complex in Tamil Nadu, India, with an annual production capacity of 7040 MT.
Key Competitive Strengths:
- Experienced Management: Led by Mr. Chandhrasekharan Thirupathi Venkatachalam, the company's growth is attributed to the expertise of its management team, with over two decades of experience in the tyre manufacturing industry.
- Comprehensive Manufacturing Facility: Emerald operates a state-of-the-art manufacturing facility, offering a wide range of off-highway tyres and ensuring superior quality control. The facility provides flexibility, cost efficiency, and the ability to quickly adjust to market demands.
- Wide Product Range: The company manufactures tyres in various sizes and variants to serve different off-highway equipment. It also offers customized tyre solutions, catering to Original Equipment Manufacturers (OEMs).
- Diverse Customer Base: Emerald exports its products to global markets, including the USA, UAE, Russia, and several European countries. It also has subsidiaries in Belgium and Dubai to support customers and reduce dependency on any single market. In India, Emerald supplies OEM fitments and has an extensive after-sales network.
- Focus on Quality: The company is committed to high-quality manufacturing, adhering to international standards such as ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and REACH standards. Continuous quality checks and in-house R&D ensure product excellence.
Emerald Tyre Manufacturers has over two decades of industry experience, a diverse product range, a strong global presence, and a focus on quality, positioning it as a key player in the off-highway tyre market.
Promoters
- Chandhrasekharan Trirupathi Venkatachalam
Promoters Holding
Holding Pre Issue
67.62%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the funds which are being raised towards funding the following objects:
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Address / Contact Info
Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2, Second
Street Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee,
Tamil Nadu-600095
Phone: 9043063194
Email: cosec@emeraldtyres.com
Website: https://emeraldtyres.com/about-emerald
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 05 December 2024
IPO Close Date
Monday, 09 December 2024
Basis of Allotment
Tuesday, 10 December 2024
Initiation of Refunds
Wednesday, 11 December 2024
Credit of Shares to Demat
Wednesday, 11 December 2024
Listing Date
Thursday, 12 December 2024 — NSE & BSE
Important Dates
Open Date
05 December 2024
Close Date
09 December 2024
Basis Of Allotment
10 December 2024
Listing Date
12 December 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 17398.59 | 14976.86 | 13556.09 |
| Revenue | 17196.84 | 16798.1 | 13469.67 |
| Profit After Tax | 1223.57 | 892.85 | 484.62 |
| Net Worth | 5406.85 | 3698.84 | 2897.44 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 8718.28 | 8466.4 | 7504.59 |
EPS Pre
8.44%
EPS Post
6.28%
P/E Pre
11.25
P/E (Post Issue)
15.12x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 1.61 |
| Debt / Equity | 1.61 |
| RoNW % | 22.63 |
| PbW | 2.55 |
| Pat Margin % | 7.16 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1464000 | 0 | 0 |
| Market Maker | 300000 | 0 | 0 |
| Qualified Institutions | 976800 | 0 | 0 |
| Non-Institutional | 733200 | 0 | 0 |
| Retail Investors | 1711200 | 0 | 0 |
| Total | 5185200 | 0 | 0 |
Subscription Status ( Mon, 09 Dec 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 976800 | 191406000 | 195.95x |
| Non-Institutional | 733200 | 669427200 | 913.02x |
| Retail Investors | 1711200 | 957028800 | 559.27x |
| Total | 3421200 | 1817862000 | 531.35x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 114,000.00 |
| Retail (Max) | 1 | 1,200 | 114,000.00 |
| S-HNI (Min) | 2 | 2,400 | 228,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Emerald Tyre Manufacturers IPO is a Book-building IPO worth ₹49.26 crores. The price band is ₹90 to 95 per share. The IPO opens on Thu, Dec 5, 2024 and closes on Mon, Dec 9, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Emerald Tyre Manufacturers IPO opens on Thu, Dec 5, 2024 and closes on Mon, Dec 9, 2024
Emerald Tyre Manufacturers IPO Price Band is ₹90 to 95.
Emerald Tyre Manufacturers IPO lot size is 1200, and the minimum amount required for application is ₹228000.
The minimum investment for Emerald Tyre Manufacturers IPO is approximately ₹228000 based on the upper price band.
To apply for the Emerald Tyre Manufacturers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 9, 2024. After submission, funds are blocked until the basis of allotment of Emerald Tyre Manufacturers IPO is finalised.
Emerald Tyre Manufacturers IPO issue size is ₹49.26 crores.
Emerald Tyre Manufacturers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Emerald Tyre Manufacturers IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Emerald Tyre Manufacturers IPO through their official website or helpline.
The Emerald Tyre Manufacturers IPO GMP (Grey Market Premium) is ₹85 as of Thu, Dec 12, 2024. Based on the upper price band of ₹95 per share, the estimated Emerald Tyre Manufacturers IPO listing price is ₹180, indicating a potential listing gain of approximately 31% over the issue price.