Emerald Tyre IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
Emerald Tyre Manufacturers Limited is set to launch its IPO on December 5, 2024, closing on December 9, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹49.26 crores, including a fresh issue of ₹47.37 crores and an offer for sale of 199,200 equity shares with a face value of ₹10 each.
Key Highlights
- Price Band: ₹90 – ₹95 per share
- Retail Quota: 35% | QIB Quota: 50% | HNI Quota: 15%
- Listing Exchange: NSE SME
- Allotment Date: December 10, 2024
- Listing Date: December 12, 2024
Financial Overview
Emerald Tyre Manufacturers has shown consistent growth:
- Revenue in FY24: ₹171.97 crores (up from ₹167.98 crores in FY23)
- PAT (Profit After Tax) in FY24: ₹12.24 crores (up from ₹8.93 crores in FY23)
The company has a solid track record, with a 37.04% PAT growth between FY23 and FY24, making it an attractive long-term investment.
IPO Details
| Particulars | Details |
|---|---|
| Open Date | December 5, 2024 |
| Close Date | December 9, 2024 |
| Face Value | ₹10 per equity share |
| Price Band | ₹90 – ₹95 |
| Issue Size | ₹49.26 crores |
| Fresh Issue | ₹47.37 crores |
| Offer for Sale | 199,200 shares |
| Market Lot | 1,200 shares |
| Application Amount | ₹114,000 (Minimum) |
IPO Timeline
| Event | Date |
|---|---|
| Open Date | December 5, 2024 |
| Close Date | December 9, 2024 |
| Allotment Finalization | December 10, 2024 |
| Refund Initiation | December 11, 2024 |
| Demat Credit | December 11, 2024 |
| Listing Date | December 12, 2024 |
Company Overview
Founded in 2002, Emerald Tyre Manufacturers Limited specializes in manufacturing and servicing a variety of tires. The company has a global footprint, exporting to countries such as the UAE, USA, Germany, and Italy. With a customer-centric approach and consistent financial growth, Emerald is a strong contender in the tire industry.
Financial Metrics
| Year | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 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 |
Valuation Metrics – FY24
| Metric | Value |
|---|---|
| ROCE | 15.84% |
| EBITDA Margin | 17.28% |
| PAT Margin | 7.16% |
| Debt-to-Equity Ratio | 1.61 |
| EPS (Basic) | ₹8.71 |
| RoNW | 22.63% |
| NAV | ₹37.31 |
Use of Funds
- Capital expenditure
- General corporate purposes
- IPO expenses
Peer Comparison
| Company | EPS | PE Ratio | RoNW (%) | Revenue (₹ Cr.) |
|---|---|---|---|---|
| Balkrishna Industries | ₹76.12 | 30.44 | 16.62% | ₹9,818.09 |
| TVS Srichakra | ₹140.98 | 27.72 | 9.69% | ₹2,932.63 |
How to Apply
Investors can apply through ASBA via bank accounts or stock brokers (online or offline).
Registrar:
Link Intime India Pvt. Ltd
Contact: +91-22-4918-6270 | Email
Lead Manager:
GYR Capital Advisors Pvt. Ltd
Company Address:
Emerald Tyre Manufacturers Ltd,
Emerald House, Porur Gardens, Phase-I, Vanagaram, Chennai – 600095
For More Details:
Visit the Emerald Tyre Website
FAQs
Q: What is the IPO price band?
A: The price band is ₹90 – ₹95 per share.
Q: What is the lot size?
A: The minimum application is for 1,200 shares, amounting to ₹114,000.
Q: When will the shares be listed?
A: Shares will be listed on NSE SME on December 12, 2024.
Q: How to apply for the IPO?
A: You can apply via ASBA through your bank or stock broker.