Emerald Tyre Manufacturers IPO Details
| IPO Open Date: | December 5, 2024 |
| IPO Close Date: | December 9, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to ₹95 Per Share |
| Issue Size: | Approx ₹49.26 Crores |
| Fresh Issue: | Approx ₹47.37 Crores |
| Offer for Sale: | Approx 199,200 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Emerald Tyre Manufacturers IPO Market Lot
The Emerald Tyre Manufacturers IPO minimum market lot is 1200 shares with ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹114,000 |
| Retail Maximum | 1 | 1,200 | ₹114,000 |
| S-HNI Minimum | 2 | 2,400 | ₹228,000 |
Emerald Tyre Manufacturers IPO Dates
The Emerald Tyre Manufacturers IPO date is December 5, 2024 and the close date is December 9, 2024. The Emerald Tyre Manufacturers IPO allotment will be finalized on December 10, 2024 and the IPO listing on December 12, 2024.
| IPO Open Date: | December 5, 2024 |
| IPO Close Date: | December 9, 2024 |
| Basis of Allotment: | December 10, 2024 |
| Refunds: | December 11, 2024 |
| Credit to Demat Account: | December 11, 2024 |
| IPO Listing Date: | December 12, 2024 |
Promoters of Emerald Tyre Manufacturers IPO
The promoter of the company is Chandhrasekharan Trirupathi Venkatachalam.
About Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers Limited was founded in 2002 with the business of producing, supplying, and servicing a variety of tires. They offer complete solutions through off-highway tire and wheel services and also have a mission of a customer-focused organization that prioritizes customer needs and continually works to increase value for all shareholders. It has exported products to UAE, Russia, USA, Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland. Its financial background is overall good such as revenue of last 3 years increased, 17,196.84 lakhs in 2024, 16,798.10 lakhs in 2023, and 13,469.67 lakhs in 2022 respectively. PAT(Profit After Tax) also rose by 37.04% between the financial year ending March 31, 2024, and March 31, 2023. Moreover, for more capital growth, this company is going to launch an IPO of Rs 49.26 crores comprising a fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and an offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores.
Emerald Tyre Manufacturers IPO Company Financial Report
The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crore in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 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 – FY2024
Check Emerald Tyre Manufacturers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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
| 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. |
Objects of the Issue
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
Emerald Tyre Manufacturers IPO Review
- IPO Watch – May Apply
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- BP Wealth –
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Emerald Tyre Manufacturers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2
Second Street, Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee, 600095
Phone: 9043063194
Email: [email protected]
Website: https://emeraldtyres.com/about-emerald/
Emerald Tyre Manufacturers IPO FAQs
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Note: The Emerald Tyre Manufacturers IPO price band and date are officially announced. The (Emerald Tyre Manufacturers IPO grey market premium) will be added to the IPO GMP page as it will start).
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Hello,
You may apply the IPO with short term and long term gain.