SME · NSESubscribed: 530.68×GMP ₹85
Emerald Tyre Manufacturers Limited

Emerald Tyre Manufacturers Limited

Emerald Tyre Manufacturers Limited(ETML)

Total Shares

51,85,200

Issue Size

₹49.26 Cr

Price Band

90 – ₹95

Lot Size

1200 shares

Min. Investment

1,14,000

Max. Investment

1,14,000

Open Date

05 Dec, 2024

Close Date

09 Dec, 2024

Allotment

10 Dec, 2024

Listing

12 Dec, 2024

Announced

05 Dec, 2024

Opening Date

05 Dec, 2024

Closing Date

09 Dec, 2024

Basis of Allotment

10 Dec, 2024

Initiation of Refunds

11 Dec, 2024

Credit of Shares

11 Dec, 2024

Listing Date

12 Dec, 2024

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About Emerald Tyre Manufacturers Limited IPO

Incorporated in 2002. Emerald Tyre Manufacturers Limited specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name GRECKSTER. Emerald Tyre Manufacturers Limited's products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & Flaps and Wheel Rims.

The company's products are being exported to global markets including, the USA, UAE, Russia, and major European Countri

Emerald Tyre Manufacturers Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue51,85,200 shares₹49.26 Cr
Fresh Issue49,86,000 shares₹47.37 Cr
Offer for Sale1,99,200 shares₹1.89 Cr

Shareholding

Pre-Issue1,44,90,512
Post-Issue1,94,76,512

Dilution: 34.4% increase in shares

Emerald Tyre Manufacturers Limited IPO Financials Health

Emerald Tyre Manufacturers Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum112001,14,000
Retail Maximum112001,14,000
HNI Minimum224002,28,000

(All values in CR)

Emerald Tyre Manufacturers Limited IPO Valuation

MetricValue
Debt/Equity1.61
EPS Post IPO6.28
EPS Pre IPO8.44
P/BV2.55
P/E Post IPO15.12
P/E Pre IPO11.25
PAT Margin (%)7.16
ROCE15.84%
RoNW22.63%

(All values in CR)

Strength & Risk of Emerald Tyre Manufacturers Limited IPO

+Strengths

1. Experienced and dedicated management team.

2. Manufacturing Facility to handle wide range of Off Highway Tyres.

3. Wide product range and customized product offering .

4. Diverse Customer Base.

5. Qualitative Products.

!Risks

1. The company's ability to secure raw materials at favorable prices is subject to market fluctuations. Any increase in raw material costs could significantly impact its sales, profitability, and overall performance.

2. Its business is dependent on a few of the company clients who contribute to significant of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

3. Its operational efficiency is closely linked to the consistent supply of raw materials, sourced from a selected group of suppliers. Any potential interruption in the flow of raw materials from these suppliers could pose challenges to its operations.

4. Significant portions of its revenue hinges upon a selected group of clienteles, and the potential loss of any of these key customers may substantially impact its business operations and profitability.

5. There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. the company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.

6. Its may not be able to continue investing to increase existing capacities in order to meet the market requirements, capitalize on the new opportunities available or to drive future growth.

7. Inadequate inventory management may pose risks to its business performance, affecting the company sales, profitability, and financial health.

8. Competition may result in the reduction of its market share or margins, either of which could adversely affect its business or results of operations.

9. The fund requirement and deployment are based on internal management estimates and have not been appraised by any bank or financial institution. These are based on current conditions and are subject to change in light of changes in external circumstances or costs, other financial conditions, business or strategy.

10. Company may be not be able to procure Equipment at costs as specified in Objects to Offer Chapter.

Emerald Tyre Manufacturers Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0014,64,00014,64,00013.91
HNI912.587,33,20066,91,05,6006
Market Maker1.003,00,0003,00,0002.85
QIB195.959,76,80019,14,06,0001
Retail558.1117,11,20095,50,41,6009
Total530.6834,21,2001,81,55,53,20017

Emerald Tyre Manufacturers Limited IPO GMP

00.0%

Last updated 30 Nov, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
30 Nov, 202495₹0--₹95 (0.00%)-30 Nov, 2024
01 Dec, 202495₹0--₹95 (0.00%)-01 Dec, 2024
02 Dec, 202495₹5045600₹145 (52.63%)-02 Dec, 2024
03 Dec, 202495₹5045600₹145 (52.63%)-03 Dec, 2024
04 Dec, 202495₹6054700₹155 (63.16%)-04 Dec, 2024
05 Dec, 202495₹7568400₹170 (78.95%)-05 Dec, 2024
06 Dec, 202495₹7568400₹170 (78.95%)-06 Dec, 2024
07 Dec, 202495₹7568400₹170 (78.95%)-07 Dec, 2024
09 Dec, 202495₹7568400₹170 (78.95%)-09 Dec, 2024
10 Dec, 202495₹9586600₹190 (100.00%)-10 Dec, 2024
11 Dec, 202495₹8577500₹180 (89.47%)-11 Dec, 2024
12 Dec, 202495₹8577500₹180 (89.47%)-12 Dec, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Emerald Tyre Manufacturers Limited IPO

1

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2

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Find Emerald Tyre Manufacturers Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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4

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5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.