The IPO of Emerald Tyre Manufacturers, amounting to Rs 49.26 crores, has been structured as a book-built issue. 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, are included in the issue.
Subscriptions for the Emerald Tyre Manufacturers IPO are scheduled to open on December 5, 2024, and will close on December 9, 2024. The allotment is expected to be finalized on Tuesday, December 10, 2024. A tentative listing date of Thursday, December 12, 2024, has been fixed for the IPO on the NSE SME platform.
The price band for the IPO has been set at ₹90 to ₹95 per share. A minimum lot size of 1,200 shares has been established for applications, with the required minimum investment for retail investors set at ₹114,000. For HNI investors, the minimum investment, consisting of 2 lots (2,400 shares), amounts to ₹228,000.
Get the Emerald Tyre Manufacturers IPO DRHP for detailed information.
| IPO Date | December 5, 2024 to December 9, 2024 |
| Listing Date | December 12, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 90 to ₹ 95 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹49.26 Cr |
| Fresh Issue | ₹47.37 Cr |
| Offer for Sale | ₹1.89 Cr |
| Employee Discount | |
| 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 |
Emerald Tyre Manufacturers Limited IPO opens on December 5, 2024, and closes on December 9, 2024.
| IPO Open Date | December 5, 2024 |
| IPO Close Date | December 9, 2024 |
| Basis of Allotment | December 10, 2024 |
| Initiation of Refunds | December 11, 2024 |
| Credit of Shares to Demat | December 11, 2024 |
| Listing Date | December 12, 2024 |
| Cut-off time for UPI mandate confirmation | December 9, 2024 |
A minimum of 1,200 shares and multiples thereof can be bid for by investors. The minimum and maximum investment in terms of shares and amount by retail investors and HNIs is depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | Rs.114,000 |
| Retail (Max) | 1 | 1,200 | Rs.114,000 |
| S-HNI (Min) | 2 | 2,400 | Rs.228,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 67.62% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2002, Emerald Tyre Manufacturers Limited is recognized for specializing in the manufacturing, supply, and servicing of a wide range of tyres. Products are offered under the brand name "GRECKSTER." The range of products includes Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims.
The company’s products are exported to global markets, including the USA, UAE, Russia, and major European countries such as Belgium, Germany, Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK. Warehouses have been established in Belgium, UAE, and the USA to ensure the on-time delivery of products and to provide value-added services to customers across Europe, the Middle East, and North America.
Competitive Strengths:
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| P/BV | 2.55 |
| PAT Margin (%) | 7.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
The funds being raised are proposed to be utilized by the company for the following purposes:
Emerald Tyre Manufacturers Limited Emerald House, Plot No.2 Second Street, Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, 600095 Phone: 9043063194 Email: cosec@emeraldtyres.com |
Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: emerald.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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