Emerald IPO
IPO Listing Details
- Listing Date
12 Dec 2024
- Listing Price
₹ 180.50
- Listing Change
90.00%
- Last Traded Price
₹ 181.00
IPO Details
- Open Date
05 Dec 2024
- Close Date
09 Dec 2024
- IPO Price Range
₹ 90 - ₹ 95
- IPO Size
₹ 49.26 Cr
- Listing Exchange
NSE SME
- Listing Date
12 Dec 2024
IPO Timeline
Emerald IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 5-Dec-24 | 0.52 | 43.18 | 69.04 | 43.94 |
| 6-Dec-24 | 0.54 | 133.41 | 167.19 | 112.37 |
| 9-Dec-24 | 195.95 | 912.17 | 558.11 | 530.59 |
Last Updated: 09 December 2024 5:59 PM by 5Paisa
Emerald Tyre Manufacturers IPO is set to open on 5 December 2024 and will close on 9 December 2024. Emerald Tyre Manufacturers specialises in manufacturing and supplying Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes, Flaps, and Wheel Rims.
The IPO is a combination of a fresh issue of 0.50 Cr shares aggregating to ₹47.37 Cr and an offer for sale of 0.02 Cr shares aggregating to ₹1.89 Cr. The price range is set between ₹90 to ₹95 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalised on 10 December 2024. It will go public on NSE SME, with a tentative listing date of 12 December 2024.
GYR Capital Advisors Pvt Ltd is the book running lead manager while Link Intime India Pvt Ltd is the registrar.
Emerald Tyre IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹49.26 Cr |
| Offer For Sale | ₹1.89 Cr |
| Fresh Issue | ₹47.37 Cr |
Emerald Tyre IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2400 | ₹228,000 |
Emerald Tyre IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 195.95 | 9,76,800 | 19,14,06,000 | 1,818.36 |
| NII (HNI) | 912.17 | 7,33,200 | 66,88,05,600 | 6,353.65 |
| Retail | 558.11 | 17,11,200 | 95,50,42,800 | 9,072.91 |
| Total | 530.59 | 34,21,200 | 1,81,52,54,400 | 17,244.92 |
Emerald Tyre IPO Anchor Allocation
| Anchor Bid Date | 4 December, 2024 |
| Shares Offered | 1,464,000 |
| Anchor portion Size (In ₹ Cr.) | 13.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | 9 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 10 March, 2025 |
1. To meet the Capital Expenditure
2. To meet General Corporate Purposes
3. To meet Offer Expenses
Founded in 2002, Emerald Tyre Manufacturers has established itself as a trusted name in the tyre industry under the brand "GRECKSTER." The company specializes in manufacturing and supplying Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes, Flaps, and Wheel Rims. Catering to a diverse clientele, it exports products to markets like the USA, UAE, Russia, and major European countries, including Belgium, Germany, and Italy. With strategically located warehouses in Belgium, the UAE, and the USA, Emerald ensures prompt delivery and value-added services to customers in Europe, the Middle East, and North America.
As of March 31, 2024, Emerald Tyre Manufacturers employed 224 permanent and 191 contractual staff. Its competitive edge lies in its experienced management, robust manufacturing capabilities for off-highway tyres, a diverse product portfolio, and a wide customer base. The company remains committed to delivering high-quality and customized tyre solutions globally.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 171.97 | 167.98 | 134.70 |
| EBITDA | 29.63 | 23.89 | 15.44 |
| PAT | 12.14 | 8.93 | 4.85 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 173.94 | 149.77 | 135.56 |
| Share Capital | 14.49 | 6.56 | 6.56 |
| Total Borrowings | 87.18 | 84.66 | 75.05 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 17.12 | 14.60 | 11.04 |
| Net Cash Generated From / (used in) investing activities | -13.96 | -14.81 | -12.06 |
| Net Cash Generated From / (used in) financing activities | -1.42 | 0.76 | 1.81 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1.74 | 0.54 | 0.79 |
Strengths
1. Experienced management with industry expertise ensuring effective decision-making and leadership.
2. Diverse product range catering to various industries and customized client requirements.
3. Established global presence with exports to USA, Europe, and Middle East markets.
4. Strategically located warehouses for efficient logistics and on-time delivery.
5. Robust manufacturing facilities for high-quality off-highway and industrial tyres.
Risks
1. High reliance on international markets exposes the company to geopolitical and currency risks.
2. Limited focus on domestic market growth and expansion opportunities.
3. Competitive pricing pressure from established tyre manufacturers and new market entrants.
4. Dependency on raw material costs, which are subject to volatility and supply chain disruptions.
5. Relatively smaller workforce may limit scalability and ability to handle increased demand.
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FAQs
Emerald Tyre Manufacturers IPO opens from 5 December to 9 December 2024.
The size of Emerald Tyre Manufacturers IPO is ₹49.26 Cr.
The price of Emerald Tyre Manufacturers IPO is fixed at ₹90 to ₹95 per share.
To apply for Emerald Tyre Manufacturers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Emerald Tyre Manufacturers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Emerald Tyre Manufacturers IPO is 1200 shares and the investment required is ₹114,000.
The share allotment date of Emerald Tyre Manufacturers IPO is 10 December 2024
The Emerald Tyre Manufacturers IPO will be listed on 12 December 2024.
GYR Capital Advisors Pvt Ltd is the book running lead manager for Emerald Tyre Manufacturers IPO.
Contact Information
Emerald
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
Website: https://emeraldtyres.com/about-emerald/
Emerald IPO Register
GYR Capital Advisors Private Limited
Emerald IPO Lead Manager
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
