Emerald Tyre Manufacturers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 05 Dec 2024
Close Date
Mon, 09 Dec 2024
Price Band
₹ 90 – 95
Lot Size
1200
Issue Size
₹ 49.26 Cr
Minimum Investment
₹ 228,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Emerald Tyre Manufacturers IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹49.26 Crore, comprising a fresh issue of 49.86 Lakh equity shares aggregating to ₹47.37 Crore and an offer for sale (OFS) of 1.99 Lakh equity shares aggregating to ₹1.89 Crore by the existing shareholders.
The Emerald Tyre Manufacturers IPO remained open for subscription from December 05, 2024, to December 09, 2024. The basis of allotment was finalized on December 10, 2024, and the company's shares were listed on NSE SME Platform on December 12, 2024.
The company had fixed the price band at ₹90 to ₹95 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹228,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Emerald Tyre Manufacturers Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Emerald Tyre Manufacturers IPO Timeline (Tentative)
- IPO Open Date
- Thu, 05 Dec 24
- IPO Close Date
- Mon, 09 Dec 24
- Basis of Allotment
- Tue, 10 Dec 24
- Initiation of Refunds
- Wed, 11 Dec 24
- Credit of Shares to Demat
- Wed, 11 Dec 24
- Listing Date
- Thu, 12 Dec 24 — NSE & BSE
Open Date
05 December 2024
Close Date
09 December 2024
Basis Of Allotment
10 December 2024
Listing Date
12 December 2024
IPO Subscription
Check Live Subscription →The Emerald Tyre Manufacturers IPO has received bids for 1,81,78,62,000 shares against 34,21,200 shares offered, resulting in an overall subscription of 531.35x. the NII category is subscribed 913.02x, Retail Investors 559.27x, and QIBs 195.95x.
QIB
195.95x
NII
913.02x
RII
559.27x
Total
531.35x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,11,200 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,76,800 shares (0%), while Non-Institutional Investors (NIIs) receive 7,33,200 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,464,000 | 0% |
| Market Maker | 300,000 | 0% |
| Qualified Institutions | 976,800 | 0% |
| Non-Institutional | 733,200 | 0% |
| Retail Investors | 1,711,200 | 0% |
| Total | 5,185,200 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Emerald Tyre Manufacturers Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROCE % | 1.61 |
| Debt / Equity | 1.61 |
| RoNW % | 22.63 |
| PbW | 2.55 |
| Pat Margin % | 7.16 |
Peers Comparison
No Peer Comparision Available
About Emerald Tyre Manufacturers Limited
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.
Emerald Tyre Manufacturers IPO Promoters
- Chandhrasekharan Trirupathi Venkatachalam
Promoters Holding
Holding Pre Issue
67.62%
Holding Post Issue
0.00%
Emerald Tyre Manufacturers IPO Objective
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
Emerald Tyre Manufacturers Limited Address / Contact Details
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
Emerald Tyre Manufacturers IPO Lot Size
The Emerald Tyre Manufacturers IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,14,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,14,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Emerald Tyre Manufacturers IPO?
Emerald Tyre Manufacturers IPO is a Book-building IPO with a total issue size of ₹49.26 crore. The Emerald Tyre Manufacturers IPO price band is ₹90 to 95 per share. The Emerald Tyre Manufacturers IPO subscription opens on Thu, Dec 5, 2024, and closes on Mon, Dec 9, 2024. The Emerald Tyre Manufacturers IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Emerald Tyre Manufacturers IPO.
When will the Emerald Tyre Manufacturers IPO open for subscription?
The Emerald Tyre Manufacturers IPO opens on Thu, Dec 5, 2024 and closes on Mon, Dec 9, 2024
What is Emerald Tyre Manufacturers IPO Price Band?
Emerald Tyre Manufacturers IPO Price Band is ₹90 to 95 per share.
What is Emerald Tyre Manufacturers IPO Lot Size?
Emerald Tyre Manufacturers IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
What is the minimum investment for Emerald Tyre Manufacturers IPO?
The minimum investment for Emerald Tyre Manufacturers IPO is ₹228000, based on one lot of 1200 shares at the upper price band of ₹95 per share.
How to apply for Emerald Tyre Manufacturers IPO?
Investors can apply for the Emerald Tyre Manufacturers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 9, 2024. The application amount remains blocked until the Emerald Tyre Manufacturers IPO allotment is finalized.
What is Emerald Tyre Manufacturers IPO Issue Size?
Emerald Tyre Manufacturers IPO issue size is ₹49.26 crores.
What is the Emerald Tyre Manufacturers IPO Allotment Date?
Emerald Tyre Manufacturers IPO allotment date is Tue, Dec 10, 2024.
Who is the Emerald Tyre Manufacturers IPO Registrar?
The registrar for Emerald Tyre Manufacturers IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Emerald Tyre Manufacturers IPO allotment status, refund processing, and other IPO-related information.
What is the Emerald Tyre Manufacturers IPO GMP?
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 89.47% over the issue price.
Who is the Emerald Tyre Manufacturers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Emerald Tyre Manufacturers IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Emerald Tyre Manufacturers IPO Red Herring Prospectus (RHP).