Emerald Tyre Manufacturers IPO subscribed overall 530.59 times on the last day, while a retail quota was subscribed 558.11 times and QIB was 195.95 and NII 912.18 respectively.
Details About Emerald Tyre Manufacturers’s IPO
Emerald Tyre Manufacturers got approval from SEBI for an IPO of ₹49.26 crores to raise funds and maintain financial stability. This IPO was a fresh issue of ₹47.37 crores. The face value of each share was Rs 10. Moreover, the company has set up a ₹90 to ₹95 per share. In this IPO, a total of 1,200 shares were available in 1 lot size for the minimum Retail category and maximum as well. S-HNI (Min) has a total of 2400 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹114,000.
- Small HNI (S-HNI): Minimum investment of ₹228,000.
Subscription duration of Emerald Tyre Manufacturers
This IPO started on December 5, 2024, and closed on December 9, 2024. The investor’s allotment date was December 10, 2024, and they received a refund on December 11, 2024.
Funds Deployment of This IPO
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- To meet Offer Expenses
About Emerald Tyre Manufacturers Company
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’s Financial Background
The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crores in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 crores in 2023.
