Emerald Tyre Manufacturers IPO Date, Price, GMP, Review, Details

Emerald Tyre Manufacturers IPO

Poonamallee-based Emerald Tyre Manufacturers IPO is a Book Built Issue issue. This is a SME IPO which is open for subscription on 5 December, 2024 and will close on 9 December, 2024. The price band of the IPO is ₹90 to ₹95 per share.

The total IPO Size is ₹49.26 crore in which fresh issue of ₹47.37 crores and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Emerald Tyre Manufacturers IPO for minimum lot size is 1200 shares for the retail investors, aggregating to an investment of ₹114,000.

This IPO is to be list on NSE and SME platform on 12 December 2024, and allotment date is on 10 December 2024 which check Emerald Tyre Manufacturers IPO allotment status on Link Intime India Private Ltd is the registrar for this offering.

The book-running lead managers of this IPO is GYR Capital Advisors Private Limited. For more information check Emerald Tyre Manufacturers IPO DRHP and RHP detials.

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

Get the tentative dates and schedule for latest IPO Emerald Tyre Manufacturers IPO are open and close date, allotment status, refunds, and listing details
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

You can bid for a minimum of 125 shares and maximum 1625 shares in retail investors section, Also you can check S-HNI investors section for minimum and maximum in terms of shares and amount.
ApplicationLot SizeShares 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 DateGMP TodaySubject to SaudaKostakExpected Gain
Today₹75₹70,000₹-79%
5th Dec₹75₹70,000₹-79%
4th Dec₹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

  1. To meet the Capital Expenditure
  2. To meet General Corporate Purposes
  3. 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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.

CompanyEPSPE RatioRoNW %NAVIncome
Balkrishna Industries Limited76.1230.4416.62%457.999,818.09 Cr.
TVS Srichakra Limited140.9827.729.69%1,451.872,932.63 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/

Emerald Tyre Manufacturers IPO FAQs

What is Emerald Tyre Manufacturers IPO Detail?

Emerald Tyre Manufacturers IPO is a main-board IPO. The company is going to raise ₹49.26 Crores via IPO. The issue is priced at ₹90 to ₹95 pr equity share. The IPO is to be listed on BSE & NSE.

How to Apply Emerald Tyre Manufacturers IPO Online?

You can apply for Emerald Tyre Manufacturers IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.

When Emerald Tyre Manufacturers IPO will open?

The IPO is to open on 5 December 2024 for QIB, NII, and Retail Investors. The IPO will close on 9 december 2024.

What is Emerald Tyre Manufacturers IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

What is Emerald Tyre Manufacturers IPO Size?

Emerald Tyre Manufacturers issue size is ₹150.84 crores.

What is Emerald Tyre Manufacturers IPO Price Band?

Emerald Tyre Manufacturers IPO Price Band is ₹90 to ₹95..

What is the Lot Size of Emerald Tyre Manufacturers IPO?

The Emerald Tyre Manufacturers IPO minimum bid size is1200 Shares with ₹114,000 amount.

What is the Emerald Tyre Manufacturers IPO Allotment Date?

Emerald Tyre Manufacturers IPO allotment date is 10 December, 2024.

What is the Emerald Tyre Manufacturers IPO Listing Date?

Emerald Tyre Manufacturers IPO listing date is 12 December, 2024. The IPO is to list on BSE and NSE.

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