Emerald Tyre Manufacturers IPO Details
| IPO Issue Open Date: | 5 December 2024 |
| IPO Issue Close Date: | 9 December 2024 |
| IPO Issue Price Band: | ₹90 to ₹95 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹49.26 Crores | 12,570,000 shares |
| Fresh Issue: | ₹47.37 Crores | 12,570,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Emerald Tyre Manufacturers IPO Prospectus:
Checkout the Emerald Tyre Manufacturers IPO Prospectus of DRHP and RHP file.
Checkout the Emerald Tyre Manufacturers IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Emerald Tyre Manufacturers IPO Dates Timeline
| Issue Open Date: | 5 December 2024 |
| Issue Close Date: | 9 December 2024 |
| Basis of Allotment Date: | 10 December 2024 |
| Refunds Initiation: | 11 December 2024 |
| Shares Credit in Demat: | 11 December 2024 |
| IPO Listing Date Detail: | 12 December 2024 |
Emerald Tyre Manufacturers IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1200 shares =₹114,000 |
| Retail (Max) | 1 lots and 1200 shares = ₹114,000 |
| S-HNI (Min) | 2 lots and 2400 shares = ₹210,000 |
| B-HNI Minimum | – |
Emerald Tyre Manufacturers IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹50 | ₹50,000 | ₹- | 52% |
Check Live GMP
About Emerald Tyre Manufacturers
Emerald Tyre Manufacturerswas incorporated on March 27, 2002, under the name and style of ‘Emrald Resilient Tyre Manufactures Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Chennai at Tamil Nadu. Thereafter, the name of their Company was changed from “Emrald Resilient Tyre Manufactures Private Limited” to “Emerald Resilient Tyre Manufacturers Private Limited” vide special resolution passed by the members at the Extra-ordinary General Meeting held on July 16, 2018.
Subsequently, their Company was converted into Public Limited Company and name of company was changed from “Emerald Resilient Tyre Manufacturers Private Limited” to “Emerald Resilient Tyre Manufacturers Limited” pursuant to a special resolution passed by their shareholders at the Extra Ordinary General Meeting held on November 25, 2023. Thereafter, the name of the company was changed from “Emerald Resilient Tyre Manufacturers Limited” to “Emerald Tyre Manufacturers Limited” pursuant to a special resolution passed by their shareholders at the Extra Ordinary General Meeting held on January 11, 2024, and a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu dated January 17, 2024. The CIN of the Company is U25111TN2002PLC048665.
Emerald Tyre Manufacturers IPO Strengths
- Experienced and dedicated management team:
- Manufacturing Facility to handle wide range of Off Highway Tyres
- Wide product range and customized product offering
- Diverse Customer Base
- Qualitative Products
Objects of the IPO Issue
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Emerald Tyre Manufacturers Company Financial Report
The company reported revenue of ₹191.63 crores in 2024 against ₹133.32 crores in 2023. The company reported a profit of ₹31.42 crores in 2024 against a loss of ₹16.58 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹134.70 | ₹128.25 | ₹4.85 | ₹135.56 |
| 2023 | ₹167.98 | ₹155.97 | ₹8.93 | ₹149.77 |
| 2024 | ₹171.97 | ₹155.82 | ₹12.24 | ₹173.99 |
Emerald Tyre Manufacturers IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | -% |
| ROCE: | 15.84% |
| EBITDA Margin: | 17.28% |
| PAT Margin: | 7.16% |
| Debt to equity ratio: | 1.61 |
| Earning Per Share (EPS): | ₹8.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 22.63% |
| Net Asset Value (NAV): | ₹37.31 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Balkrishna Industries Limited | 76.12 | 30.44 | 16.62% | 457.99 | 9,818.09 Cr. |
| TVS Srichakra Limited | 140.98 | 27.72 | 9.69% | 1,451.87 | 2,932.63 Cr. |
Emerald Tyre Manufacturers IPO Registrar
Link Intime India Private 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 Lead Manager
- GYR Capital Advisors Private Limited
Emerald Tyre Manufacturers IPO allotment status noq on Link Intime website. Click on Link Intime IPO weblink to get allotment status.
Promoters of Emerald Tyre Manufacturers
- Chandhrasekharan Trirupathi Venkatachalam
Company Address
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/