Emerald Tyre Manufacturers IPO Details
The key details of Emerald Tyre Manufacturers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹49.26 Cr |
| Price Range | ₹90 - ₹95 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹114,000 |
| Pre IPO Promotor Holding | 67.62% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Emerald Tyre Manufacturers IPO Timelines
The IPO process for Emerald Tyre Manufacturers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
05/12/2024
Start Date09/12/2024
End Date11/12/2024
Refund Initiation11/12/2024
Credit of Shares to Demat Ac12/12/2024
Listing DateEmerald Tyre Manufacturers IPO Lot Size
The Emerald Tyre Manufacturers IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹95 per share, requiring ₹114,000 per lot for retail investors. For HNI investors, the minimum application is 2,400 shares (2 lots) amounting to ₹228,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹114,000 |
| Retail Maximum | 1 | 1200 | ₹114,000 |
| HNI Minimum | 2 | 2400 | ₹228,000 |
Emerald Tyre Manufacturers IPO Subscription Status
The subscription status for Emerald Tyre Manufacturers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 195.95x | 912.18x | 558.11x | -- | 530.59x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹180.50 | ₹189.50 | ₹189.50 | ₹180.50 |
Emerald Tyre Manufacturers IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹134.70 | ₹128.25 | ₹4.85 |
| FY 2023 | ₹167.98 | ₹155.97 | ₹8.93 |
| FY 2024 | ₹171.97 | ₹155.82 | ₹12.24 |
About Company
Emerald Tyre, established in 2002, specializes in manufacturing and supplying a wide range of tires designed for material handling applications. Catering to equipment like forklifts, mining machinery, and airport ground support, the company operates under the brand “GRECKSTER” and has built a solid reputation in domestic and international markets. With over two decades of global experience, Emerald Tyre has positioned itself as a prominent player in the off-highway tire manufacturing industry.
Operating from a 10.05-acre facility in Tiruvallur, Tamil Nadu, the company has an annual production capacity of 7,040 metric tons of tires, tubes, and wheels. As of November 2023, Emerald Tyre employed 416 personnel, including both permanent and contractual staff. Its products are exported to key global markets, including the USA, UAE, Russia, and several European countries like Germany, the Netherlands, and Italy, further solidifying its international presence.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2002 | Manufacturing | V. T. Chandhrasekharan |
Know Before Investing
Emerald Tyre Manufacturers IPO Strengths
- Emerald Tyre has over two decades of experience in manufacturing Off-The-Road (OTR) tyres, demonstrating reliability and expertise in the industry.
- The company has increased its production capacity from 8,800 tonnes per annum to 10,560 tonnes per annum, with capacity utilization rising significantly from 54% to 84% in recent years.
- Emerald Tyre reported a profit before interest, lease rentals, depreciation, and taxation (PBILDT) margin of 17.04% in FY24, reflecting enhanced operational efficiencies and better product realization.
Emerald Tyre Manufacturers IPO Risks
- The company’s profitability is vulnerable to fluctuations in the prices of raw materials like natural and synthetic rubber, which are affected by crude oil market dynamics.
- With an overall gearing ratio of 1.21x as of March 31, 2024, Emerald Tyre’s leveraged capital structure may pose financial risks during economic downturns.
- The need to maintain high inventory levels for timely order fulfillment results in a working capital-intensive model that can strain liquidity and operational flexibility.
Swot Analysis for Emerald Tyre Manufacturers IPO
Strengths
Established Brand, Diverse Product Range, Strong Financial Performance, Experienced Management Team
Weaknesses
High Debt Levels, Dependence on Raw Material Prices, Limited Geographical Reach
Opportunities
Growing Automobile Industry, Expansion into New Markets, Technological Advancements
Threats
Intense Competition, Regulatory Changes, Economic Downturns
Company Details
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/
IPO Registar Details
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
FAQs
The key objectives of Emerald Tyre Manufacturers IPO are:
- The funds will be utilized to meet the capital expenditure requirements.
- A portion of the proceeds is allocated for general corporate purposes.
- The funds will also cover offer-related expenses.
GYR Capital Advisors Private Limited is the book-running lead managers for the Emerald Tyre Manufacturers IPO.