Emerald Tyre Manufacturers Limited IPO Details
SME
Emerald Tyre Manufacturers IPO opens for subscription on 05 Dec 2024 and closes on 09 Dec 2024. The IPO will be listed on NSE with the tentative listing date set for 12 Dec 2024.
Emerald Tyre Manufacturers IPO price band has been fixed at ₹90 – ₹95 per share.The face value is ₹10 per share with a lot size of 1200.
Emerald Tyre Manufacturers IPO total issue size comprises 51,85,200 shares (aggregating up to ₹49.26 Cr). This includes a fresh issue of 49,86,000 shares (aggregating up to ₹47.37 Cr). Offer for Sale consists of 1,99,200 shares (aggregating up to ₹1.89 Cr). Pre-issue shareholding stands at 1,44,90,512, which will increase to 1,94,76,512 post-issue.
Emerald Tyre Manufacturers IPO carries a ₹85 (89.5%) GMP, reflecting investor sentiment.
Emerald Tyre Manufacturers IPO Lot Size : Retain Minimum is 1 lot (1,200 shares) amounting to ₹114,000. Retain Maximum is 1 lot (1,200 shares) amounting to ₹114,000. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹228,000.
The Lead Managers for Emerald Tyre Manufacturers IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Emerald Tyre Manufacturers Limited RHP.
Emerald Tyre Manufacturers IPO Details
Emerald Tyre Manufacturers IPO Subscription
Emerald Tyre Manufacturers IPO Application Wise Breakup
Emerald Tyre Manufacturers IPO Dates
- 05 Dec 2024Opening dateOPD
- 09 Dec 2024Closing dateCOD
- 10 Dec 2024Allotment Date BOA
- 11 Dec 2024Initiation of RefundsIOR
- 11 Dec 2024Credit of SharesCOS
- 12 Dec 2024Listing dateLID
Emerald Tyre Manufacturers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1200 | ₹114,000 |
| Retain Maximum | 1 | 1200 | ₹114,000 |
| SHNI Minimum | 2 | 2400 | ₹228,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Emerald Tyre Manufacturers IPO Reservation
Promoter Holding
Emerald Tyre Manufacturers IPO Valuations
Emerald Tyre Manufacturers Financial Information
Emerald tyre Manufacturers Limited's revenue increased by 2.37% and profit after tax (PAT) rose by 37.04% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17,398.59 | 14,976.86 | 13,556.09 |
| Revenue | 17,196.84 | 16,798.10 | 13,469.67 |
| Profit After Tax | 1,223.57 | 892.85 | 484.62 |
| Net Worth | 5,406.85 | 3,698.84 | 2,897.44 |
| Total Borrowing | 8,718.28 | 8,466.40 | 7,504.59 |
| Amount in ₹ Lakhs | |||
About Emerald Tyre Manufacturers IPO
Incorporated in 2002. Emerald Tyre Manufacturers Limited specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name "GRECKSTER". Emerald Tyre Manufacturers Limited's 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.
Competitive Strength:
- Experienced and dedicated management team
- Manufacturing Facility to handle a wide range of off Highway Tyres
- Wide product range and customized product offering
- Diverse Customer Base
- Qualitative Products
Strategy:
The company offers comprehensive, customized solutions for material handling applications that ensure efficiency, reliability and optimal performance in various industries. The customer-centric approach offers cost-effective, application-specific products supported by R&D-driven innovation. Sustainability, product development and customer satisfaction are paramount to maintaining competitiveness in the market.
The vision of the company is to be a reliable provider of off-highway tyre solutions with a global and dominant Indian presence, focused on the needs of its customers. The company's mission is customer-centric and focuses on innovation, excellence and building long-term relationships for growth.
Strength Of Emerald Tyre Manufacturers IPO
1. Experienced and dedicated management team.
2. Manufacturing Facility to handle wide range of Off Highway Tyres.
3. Wide product range and customized product offering .
4. Diverse Customer Base.
5. Qualitative Products.
Risk Of Emerald Tyre Manufacturers IPO
1. The company's ability to secure raw materials at favorable prices is subject to market fluctuations. Any increase in raw material costs could significantly impact its sales, profitability, and overall performance.
2. Its business is dependent on a few of the company clients who contribute to significant of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.
3. Its operational efficiency is closely linked to the consistent supply of raw materials, sourced from a selected group of suppliers. Any potential interruption in the flow of raw materials from these suppliers could pose challenges to its operations.
4. Significant portions of its revenue hinges upon a selected group of clienteles, and the potential loss of any of these key customers may substantially impact its business operations and profitability.
5. There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. the company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.
6. Its may not be able to continue investing to increase existing capacities in order to meet the market requirements, capitalize on the new opportunities available or to drive future growth.
7. Inadequate inventory management may pose risks to its business performance, affecting the company sales, profitability, and financial health.
8. Competition may result in the reduction of its market share or margins, either of which could adversely affect its business or results of operations.
9. The fund requirement and deployment are based on internal management estimates and have not been appraised by any bank or financial institution. These are based on current conditions and are subject to change in light of changes in external circumstances or costs, other financial conditions, business or strategy.
10. Company may be not be able to procure Equipment at costs as specified in "Objects to Offer" Chapter.
Objectives Emerald Tyre Manufacturers IPO
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Company Contact Details
Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2
Second Street, Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee, 600095
Phone: 9043063194
Email: cosec@emeraldtyres.com
Website: https://emeraldtyres.com/about-emerald/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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