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Emerald IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    12 Dec 2024

  • Listing Price

    ₹ 180.50

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 189.50

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

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Emerald IPO Subscription Status

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

Balkrishna Industries Limited
TVS Srichakra Limited
 

Profit and Loss

Balance Sheet

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.