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Emerald Tyre Manufacturers Limited IPO
Incorporated in 2002, Emerald Tyre Manufacturers Limited has established itself as a prominent entity in the tyre manufacturing industry. With a focus on innovation and quality, the company specializes in the manufacturing, supplying, and servicing of a diverse range of tyres. Operating under the brand name "GRECKSTER," Emerald Tyre Manufacturers Limited has gained recognition for its commitment to excellence and customer satisfaction.
Product Range:
The company offers an extensive portfolio of products designed to meet various industrial needs. These include:
- Solid Resilient Tyres: Known for their durability and ability to withstand harsh conditions, these tyres are ideal for industrial applications.
- Press Bands: Essential components for tyre assembly, these press bands ensure secure fitting and reliable performance.
- Industrial Pneumatic Tyres: Designed for heavy-duty vehicles, these tyres provide superior traction and stability.
- Butyl Tubes & Flaps: These components enhance the performance and longevity of tyres, ensuring smooth and efficient operation.
- Wheel Rims: Precision-engineered for optimal support and balance, these rims cater to a variety of vehicular requirements.
Global Market Presence:
Emerald Tyre Manufacturers Limited has successfully penetrated global markets, exporting its products to a wide array of countries. Its international reach extends to the USA, UAE, Russia, and several major European countries, including Belgium, Germany, Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK. This expansive distribution network underscores the company's commitment to offering high-quality products to a global clientele.
Strategic Warehousing:
To facilitate efficient distribution and timely delivery, Emerald Tyre Manufacturers Limited has strategically established warehouses in key locations, including Belgium, UAE, and the USA. These facilities enable the company to provide on-time delivery of products and value-added services to customers across Europe, the Middle East, and North America. The presence of these warehouses ensures that customers receive prompt and reliable service, reinforcing the company's reputation for dependability.
Commitment to Customer Satisfaction:
By prioritizing customer needs and maintaining a focus on quality, Emerald Tyre Manufacturers Limited continues to thrive in the competitive tyre industry. The company's dedication to innovation and excellence ensures that it remains a trusted partner for businesses and industries worldwide, consistently delivering products that meet and exceed expectations.
Emerald Tyre Manufacturers IPO Overview:
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IPO Type: Book Built Issue
- Total Issue Size: â¹49.26 crores
- Fresh Issue: 49.86 lakh shares (â¹47.37 crores)
- Offer for Sale: 1.99 lakh shares (â¹1.89 crores)
- Price Per Share: â¹90 to â¹95 per share
- Minimum Lot Size: 1200 shares
- Issue Opening Date: December 5, 2024
- Issue Closing Date: December 9, 2024
- Book Running Lead Managers: GYR Capital Advisors Private Limited
- Registrar: Link Intime India Private Ltd
Emerald Tyre Manufacturers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Issue |
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Emerald Tyre Manufacturers Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 95 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Emerald Tyre Manufacturers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 5, 2024 to December 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹95 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,185,200 shares (aggregating up to ₹49.26 Cr) |
| Fresh Issue | 4,986,000 shares (aggregating up to ₹47.37 Cr) |
| Offer for Sale | 199,200 shares of ₹10 (aggregating up to ₹1.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 14,490,512 |
| Shareholding post issue | 19,476,512 |
| Market Maker portion | 300,000 shares |
Emerald Tyre Manufacturers Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, December 5, 2024 |
| IPO Close Date | Monday, December 9, 2024 |
| Basis of Allotment | Tuesday, December 10, 2024 |
| Initiation of Refunds | Wednesday, December 11, 2024 |
| Credit of Shares to Demat | Wednesday, December 11, 2024 |
| Listing Date | Thursday, December 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 9, 2024 |
Emerald Tyre Manufacturers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,800 |
| Retail (Max) | 1 | 1200 | ₹114,800 |
| HNI (Min) | 2 | 2400 | ₹228,000 |
Emerald Tyre Manufacturers Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 67.62% | - |
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
Emerald Tyre Manufacturers Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 17,398.59 | 17,196.84 | 1,223.57 | 5,406.85 | 8,718.28 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14,976.86 | 16,798.10 | 892.85 | 3,698.84 | 8,466.40 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 13,556.09 | 13,469.67 | 484.62 | 2,897.44 | 7,504.59 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 15.84% |
| RoNW | 22.63% |
| Debt/Equity | 1.61 |
| P/BV | 22.63% |
| PAT Margin (%) | 7.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is the Emerald Tyre Manufacturers IPO?
Emerald Tyre Manufacturers IPO is a SME IPO. The company is going to raise ₹49.26 Crores via IPO. The issue is priced at ₹90 to ₹95 per equity share. The IPO is to be listed on NSE.
