Emerald Tyre Manufacturers IPO, a book-built issue, is set to open for subscription on December 5, 2024, and will close on December 9, 2024. The ₹49.26 crore issue includes a fresh issue of 4,986,000 shares, aggregating to ₹47.37 crore, and an offer for sale of 199,200 shares, aggregating to ₹1.89 crore.
The price band for the IPO has been set at ₹90 to ₹95 per share, with a lot size of 1200 shares. Retail investors can apply for a minimum of 1 lot (1200 shares), which amounts to ₹114,000. The issue will list on the NSE SME platform on Thursday, December 12, 2024.
Key Details:
- IPO Open Date: December 5, 2024
- IPO Close Date: December 9, 2024
- Price Band: ₹90 to ₹95 per share
- Lot Size: 1200 Shares
- Minimum Investment: ₹114,000 for Retail Investors
- Listing Date: December 12, 2024
Table: Emerald Tyre Manufacturers IPO Lot Size and Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2400 | ₹228,000 |
Get priority access to the latest updates, tips, and special announcements. Join our WhatsApp channel to always stay ahead.
Emerald Tyre Manufacturers IPO Subscription Details
As of Day 1, the Emerald Tyre Manufacturers IPO has been subscribed 10.55 times. The retail portion has been oversubscribed by 18.18 times, while the NII portion stands at 6.82 times, and the QIB portion remains unsubscribed.
| Investor Category | Shares Offered | Subscription (Times) | Shares Bid | Total Applications |
|---|---|---|---|---|
| QIB | 9,76,800 | 0.00 | 0 | 0 |
| NII (HNI) | 7,33,200 | 6.82 | 49,98,000 | 1,444 |
| Retail | 17,11,200 | 18.18 | 3,11,12,400 | 25,927 |
| Total | 34,21,200 | 10.55 | 3,61,10,400 | 27,371 |
IPO Allocation and Market Maker
- Anchor Investors: 1,464,000 shares (28.23%)
- Market Maker: 300,000 shares (5.79%)
- Retail Investors: 17,11,200 shares (33%)
- NII (HNI): 7,33,200 shares (14.14%)
- QIB: 9,76,800 shares (18.84%)
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | December 5, 2024 |
| IPO Close Date | December 9, 2024 |
| Basis of Allotment | December 10, 2024 |
| Refunds Initiation | December 10, 2024 |
| Credit of Shares to Demat | December 11, 2024 |
| Listing Date | December 12, 2024 |
Emerald Tyre Manufacturers: Company Overview
- Emerald Tyre Manufacturers Limited, established in 2002, specializes in the manufacturing and supply of tyres under the brand name “GRECKSTER.” The company offers a wide range of products, including solid resilient tyres, industrial pneumatic tyres, butyl tubes and flaps, and wheel rims.
- Emerald Tyre’s products are exported to several international markets, including the USA, UAE, Russia, and several European countries like Belgium, Germany, and the UK. The company has warehouses in Belgium, UAE, and the USA to ensure timely delivery to customers across Europe, the Middle East, and North America.
Financial Performance:
- Emerald Tyre Manufacturers has shown consistent growth in recent years. The company recorded a 2.37% increase in revenue and a 36% rise in profit after tax (PAT) for the year ending March 31, 2024, compared to the previous year.
Financial Performance Overview
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹18,190.29 Lakhs | ₹17,393.60 Lakhs | ₹14,976.86 Lakhs | ₹13,556.09 Lakhs |
| Revenue | ₹6,492.75 Lakhs | ₹17,196.84 Lakhs | ₹16,798.10 Lakhs | ₹13,469.67 Lakhs |
| Profit After Tax | ₹413.64 Lakhs | ₹1,214.32 Lakhs | ₹892.85 Lakhs | ₹484.62 Lakhs |
| Net Worth | ₹5,813.80 Lakhs | ₹5,397.59 Lakhs | ₹3,698.84 Lakhs | ₹2,897.44 Lakhs |
| Reserves & Surplus | ₹4,364.75 Lakhs | ₹3,948.54 Lakhs | ₹3,042.79 Lakhs | ₹2,241.39 Lakhs |
| Total Borrowing | ₹8,750.18 Lakhs | ₹8,718.28 Lakhs | ₹8,466.40 Lakhs | ₹7,504.59 Lakhs |
IPO Objectives
Emerald Tyre aims to utilize the funds raised to:
Pay Offer Expenses
Meet Capital Expenditure
Cover General Corporate Purposes
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
Create Your Wealth with Paytm Money
