Emerald Tyre Manufacturers IPO

NiftyTrader • November 29, 2024

Post Views: 191

Emerald Tyre Manufacturers IPO opens for subscription on December 5, 2024 and closes on December 9, 2024. The allotment for the Emerald Tyre Manufacturers IPO is expected to be finalized on Tuesday, December 10, 2024. Emerald Tyre Manufacturers IPO will list on NSE SME with tentative listing date fixed as Thursday, December 12, 2024.

Emerald Tyre Manufacturers IPO price band is set at ₹90 to ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000.

Emerald Tyre Manufacturers IPO is a book built issue of Rs 49.26 crores. The issue is a combination of fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores.

Emerald Tyre Manufacturers IPO Details

IPO Date	December 5, 2024 to December 9, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹90 to ₹95 per share
Lot Size	1200 Shares
Total Issue Size	5,185,200 shares (aggregating up to ₹49.26 Cr)
Fresh Issue	4,986,000 shares (aggregating up to ₹47.37 Cr)
Offer for Sale	199,200 shares of ₹10 (aggregating up to ₹1.89 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	14,490,512
Share holding post issue	19,476,512
Market Maker portion	300,000 shares

Emerald Tyre Manufacturers IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹114,000
Retail (Max)	1	1200	₹114,000
S-HNI (Min)	2	2400	₹228,000

Emerald Tyre Manufacturers IPO Objectives

The Company proposes to utilize the funds which are being raised towards funding the following objects:

To meet the Capital Expenditure
To meet General Corporate Purposes
To meet Offer Expenses

About Emerald Tyre Manufacturers

Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name “GRECKSTER“.

Emerald Tyre Manufacturers 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 Countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. The company also has warehouses located in Belgium, UAE and the USA providing on-time delivery of products and value-added services to customers across Europe, the Middle East and now in North America.

As of March 31 2024, The company had 224 permanent and 191 contractual employees.

Competitive Strength:

Qualitative Products

Experienced and dedicated management team

Manufacturing Facility to handle a wide range of off Highway Tyres

Wide product range and customized product offering

Diverse Customer Base

Emerald Tyre Manufacturers Financial Information

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,190.29	17,393.60	14,976.86	13,556.09
Revenue	16,492.75	17,196.84	16,798.10	13,469.67
Profit After Tax	413.64	1,214.32	892.85	484.62
Net Worth	5,813.80	5,397.59	3,698.84	2,897.44
Reserves and Surplus	4,364.75	3,948.54	3,042.79	2,241.39
Total Borrowing	8,750.18	8,718.28	8,466.40	7,504.59
				Amount in ₹ Lakhs

Emerald Tyre Manufacturers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Emerald Tyre Manufacturers IPO Timeline (Tentative Schedule)

Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024.

IPO Open Date	Thursday, December 5, 2024
IPO Close Date	Monday, December 9, 2024
Basis of Allotment	Tuesday, December 10, 2024
Initiation of Refunds	Tuesday, December 10, 2024
A credit of Shares to Demat	Wednesday, December 11, 2024
Listing Date	Thursday, December 12, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 9, 2024