
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
Max. Investment
₹1,14,000
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
Shareholding
Dilution: 34.4% increase in shares
Emerald Tyre Manufacturers Limited IPO Financials Health
Emerald Tyre Manufacturers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,14,000 |
| Retail Maximum | 1 | 1200 | ₹1,14,000 |
| HNI Minimum | 2 | 2400 | ₹2,28,000 |
(All values in CR)
Emerald Tyre Manufacturers Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.61 |
| EPS Post IPO | 6.28 |
| EPS Pre IPO | 8.44 |
| P/BV | 2.55 |
| P/E Post IPO | 15.12 |
| P/E Pre IPO | 11.25 |
| PAT Margin (%) | 7.16 |
| ROCE | 15.84% |
| RoNW | 22.63% |
(All values in CR)
Strength & Risk of Emerald Tyre Manufacturers Limited IPO
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.
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 Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,64,000 | 14,64,000 | 13.91 |
| HNI | 912.58 | 7,33,200 | 66,91,05,600 | 6 |
| Market Maker | 1.00 | 3,00,000 | 3,00,000 | 2.85 |
| QIB | 195.95 | 9,76,800 | 19,14,06,000 | 1 |
| Retail | 558.11 | 17,11,200 | 95,50,41,600 | 9 |
| Total | 530.68 | 34,21,200 | 1,81,55,53,200 | 17 |
Emerald Tyre Manufacturers Limited IPO GMP
Last updated 30 Nov, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 30 Nov, 2024 | 95 | ₹0 | -- | ₹95 (0.00%) | - | 30 Nov, 2024 |
| 01 Dec, 2024 | 95 | ₹0▼ | -- | ₹95 (0.00%) | - | 01 Dec, 2024 |
| 02 Dec, 2024 | 95 | ₹50 | 45600 | ₹145 (52.63%) | - | 02 Dec, 2024 |
| 03 Dec, 2024 | 95 | ₹50▼ | 45600 | ₹145 (52.63%) | - | 03 Dec, 2024 |
| 04 Dec, 2024 | 95 | ₹60▼ | 54700 | ₹155 (63.16%) | - | 04 Dec, 2024 |
| 05 Dec, 2024 | 95 | ₹75 | 68400 | ₹170 (78.95%) | - | 05 Dec, 2024 |
| 06 Dec, 2024 | 95 | ₹75 | 68400 | ₹170 (78.95%) | - | 06 Dec, 2024 |
| 07 Dec, 2024 | 95 | ₹75 | 68400 | ₹170 (78.95%) | - | 07 Dec, 2024 |
| 09 Dec, 2024 | 95 | ₹75▼ | 68400 | ₹170 (78.95%) | - | 09 Dec, 2024 |
| 10 Dec, 2024 | 95 | ₹95▲ | 86600 | ₹190 (100.00%) | - | 10 Dec, 2024 |
| 11 Dec, 2024 | 95 | ₹85 | 77500 | ₹180 (89.47%) | - | 11 Dec, 2024 |
| 12 Dec, 2024 | 95 | ₹85 | 77500 | ₹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
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