Emerald Tyre Manufacturers Limited (NSE SME)
Dec 5, 2024 - Dec 9, 2024
| Price | ₹90 - ₹95 |
| Premium | ₹85 |
|---|---|
| Lot size | 1200 |
| Allotment | Dec 10, 2024 |
| Listing | Dec 12, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 114000 | 1426 |
| HNI | 2 | 2400 | 228000 | 611 |
Last updated on 09-Dec-2024 19:12:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 976800 | 191406000 | 195.95 |
| NIB | 733200 | 669429600 | 913.02 |
| RETAIL | 1711200 | 957032400 | 559.28 |
| Total | 3421200 | 1817868000 | 531.35 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 116 |
| NIB | 60572 |
| RETAIL | 797527 |
| Total | 858215 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 9.28 | 1818.36 | 195.95 |
| NIB | 6.97 | 6359.58 | 913.02 |
| RETAIL | 16.26 | 9091.81 | 559.28 |
| Total | 32.5 | 17269.75 | 531.35 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹25 | @8% ₹28.6 | @9% ₹32.1 | @10% ₹35.7 | @11% ₹39.3 | @12% ₹42.8 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹116.4 | @8% ₹133.1 | @9% ₹149.7 | @10% ₹166.3 | @11% ₹183 | @12% ₹199.6 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.00% | 1711200 |
| NII (HNI) | 14.14% | 733200 |
| Anchor | 28.23% | 1464000 |
| QIB | 18.84% | 976800 |
| Market Maker | 5.79% | 300000 |
| Total | 100.00% | 5185200 |
Emerald Tyre Manufacturers IPO Details
| 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 |
| Share holding pre issue | 14,490,512 |
| Share holding post issue | 19,476,512 |
| Market Maker portion | 300,000 shares |
| Market Maker | Giriraj Stock Brokers |
Key Performance Indicator
| KPI | Jul-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 5.90% | 17.62% | 16.04% |
| RONW | 7.11% | 22.50% | 24.14% |
| D/E | 1.51 | 1.62 | 2.29 |
| EPS (basic) | 2.85 | 8.71 | 13.61 |
| P/E Pre IPO | - | 11.25 | |
| P/E Post IPO | - | 15.12 |
Company Financials
Emerald Tyre Manufacturers Limited Financial Information (Restated Consolidated) In Lakhs.
Emerald Tyre Manufacturers Limited's revenue increased by 2.37% and profit after tax (PAT) rose by 37.04% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | Jul-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 18,190 | 17,394 | 14,977 | 13,556 |
| Revenue | 6,493 | 17,197 | 16,798 | 13,470 |
| Profit After Tax | 414 | 1,214 | 893 | 485 |
| Net Worth | 5,814 | 5,398 | 3,699 | 2,897 |
| Reserves and Surplus | 4,365 | 3,949 | 3,043 | 2,241 |
| Total Borrowing | 8,750 | 8,718 | 8,466 | 7,505 |
About Company
Emerald Tyre Manufacturers Limited, incorporated in 2002, specializes in manufacturing and servicing a diverse range of tyres under the brand "GRECKSTER." Its product portfolio includes Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims. The company exports to global markets, including the USA, UAE, Russia, and European nations like Belgium, Germany, and Italy, with warehouses in Belgium, the UAE, and the USA to ensure timely delivery and enhanced customer service. Employing 224 permanent and 191 contractual staff as of March 31, 2024, Emerald Tyre continues to expand its presence across Europe, the Middle East, and North America.
GYR Capital Advisors Private Limited
Experienced Leadership: A skilled and committed management team drives strategic growth and operational efficiency.
Advanced Manufacturing: State-of-the-art facilities capable of producing a wide range of off-highway tyres.
Diverse Offerings: Extensive product range with customized solutions to meet varied customer needs.
Raw Material Price Volatility: Fluctuations in raw material costs could adversely impact sales, profitability, and overall performance.
Client Concentration Risk: Dependence on a few key clients for significant revenue exposes the company to potential losses if business from them declines.
Supplier Dependence: Reliance on a limited group of suppliers for raw materials may disrupt operations if supply consistency is interrupted.
Phone: +91-22-4918 6270
Email: emerald.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html