Emerald Tyre Manufacturers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 05 to Dec 09 2024
Price Band
₹90 - 95
Current GMP
₹180.5 (90.0%)
Subscription
530.59 times
IPO Details
| IPO Date | December 5, 2024 to December 9, 2024 |
| Listing Date | Thursday, December 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 14,490,512 |
| Share holding post issue | 19,476,512 |
| Market Maker portion | 300,000 shares Giriraj Stock Broking |
IPO Date
December 5, 2024 to December 9, 2024
Listing Date
Thursday, December 12, 2024
Face Value
₹10 per share
Price Band
₹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
Share holding pre issue
14,490,512
Share holding post issue
19,476,512
Market Maker portion
300,000 shares Giriraj Stock Broking
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 195.95 |
| Non-Institutional Buyers*** | 912.17 |
| Retail Investors | 558.11 |
| Total ** | 530.59 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
195.95
Non-Institutional Buyers***
912.17
Retail Investors
558.11
Total **
530.59
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 5, 2024 | 0.52 | 43.42 | 70.09 | 44.51 |
| Day 2 Dec 6, 2024 | 0.63 | 137.27 | 170.43 | 114.84 |
| Day 3 Dec 9, 2024 | 195.95 | 912.17 | 558.11 | 530.59 |
DayDay 1
Dec 5, 2024
QIB0.52
NII*43.42
Retail70.09
Total44.51
DayDay 2
Dec 6, 2024
QIB0.63
NII*137.27
Retail170.43
Total114.84
DayDay 3
Dec 9, 2024
QIB195.95
NII*912.17
Retail558.11
Total530.59
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-12-2024 | 95.00 | 85(89.47%) | 180 |
| 11-12-2024 | 95.00 | 85(89.47%) | 180 |
| 10-12-2024 | 95.00 | 85(89.47%) | 180 |
| 09-12-2024 | 95.00 | 95(100%) | 190 |
| 08-12-2024 | 95.00 | 75(78.95%) | 170 |
| 07-12-2024 | 95.00 | 75(78.95%) | 170 |
| 06-12-2024 | 95.00 | 75(78.95%) | 170 |
| 05-12-2024 | 95.00 | 75(78.95%) | 170 |
| 04-12-2024 | 95.00 | 75(78.95%) | 170 |
| 03-12-2024 | 95.00 | 50(52.63%) | 145 |
| 02-12-2024 | 95.00 | 50(52.63%) | 145 |
| 01-12-2024 | 95.00 | 0(0%) | 95 |
| 30-11-2024 | 95.00 | 0(0%) | 95 |
| 29-11-2024 | 95.00 | 0(0%) | 95 |
Date12-12-2024
Price95.00
GMP85(89.47%)
Estimate List Price180
Date11-12-2024
Price95.00
GMP85(89.47%)
Estimate List Price180
Date10-12-2024
Price95.00
GMP85(89.47%)
Estimate List Price180
Date09-12-2024
Price95.00
GMP95(100%)
Estimate List Price190
Date08-12-2024
Price95.00
GMP75(78.95%)
Estimate List Price170
Date07-12-2024
Price95.00
GMP75(78.95%)
Estimate List Price170
Date06-12-2024
Price95.00
GMP75(78.95%)
Estimate List Price170
Date05-12-2024
Price95.00
GMP75(78.95%)
Estimate List Price170
Date04-12-2024
Price95.00
GMP75(78.95%)
Estimate List Price170
Date03-12-2024
Price95.00
GMP50(52.63%)
Estimate List Price145
Date02-12-2024
Price95.00
GMP50(52.63%)
Estimate List Price145
Date01-12-2024
Price95.00
GMP0(0%)
Estimate List Price95
Date30-11-2024
Price95.00
GMP0(0%)
Estimate List Price95
Date29-11-2024
Price95.00
GMP0(0%)
Estimate List Price95
IPO Important Dates
| 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 |
| 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 |
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
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹114,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹114,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹228,000
Financial Information
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 18,190.29 | 17,393.60 | 14,976.86 |
| Revenue | 6,492.75 | 17,196.84 | 16,798.10 |
| Profit After Tax | 413.64 | 1,214.32 | 892.85 |
| Net Worth | 5,813.80 | 5,397.59 | 3,698.84 |
| Reserves and Surplus | 4,364.75 | 3,948.54 | 3,042.79 |
| Total Borrowing | 8,750.18 | 8,718.28 | 8,466.40 |
Period EndedPeriod Ended
31 Jul 202431 Jul 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Jul 202418,190.29
31 Mar 202417,393.60
31 Mar 202314,976.86
Period EndedRevenue
31 Jul 20246,492.75
31 Mar 202417,196.84
31 Mar 202316,798.10
Period EndedProfit After Tax
31 Jul 2024413.64
31 Mar 20241,214.32
31 Mar 2023892.85
Period EndedNet Worth
31 Jul 20245,813.80
31 Mar 20245,397.59
31 Mar 20233,698.84
Period EndedReserves and Surplus
31 Jul 20244,364.75
31 Mar 20243,948.54
31 Mar 20233,042.79
Period EndedTotal Borrowing
31 Jul 20248,750.18
31 Mar 20248,718.28
31 Mar 20238,466.40
Key Performance Indicator
| ROCE | 15.84% |
| Debt/Equity | 1.61 |
| RoNW | 22.63% |
| P/BV | 2.55 |
| PAT Margin (%) | 7.16 |
| EPS (Rs) | 8.44 |
ROCE
15.84%
Debt/Equity
1.61
RoNW
22.63%
P/BV
2.55
PAT Margin (%)
7.16
EPS (Rs)
8.44
IPO Reservation
| Anchor Investor Shares Offered | 14,64,000 (28.23%) |
| Market Maker Shares Offered | 3,00,000 (5.79%) |
| QIB Shares Offered | 9,76,800 (18.84%) |
| NII (HNI) Shares Offered | 7,33,200 (14.14%) |
| Retail Shares Offered | 17,11,200 (33%) |
| Total Shares Offered | 51,85,200 (100%) |
Anchor Investor Shares Offered
14,64,000 (28.23%)
Market Maker Shares Offered
3,00,000 (5.79%)
QIB Shares Offered
9,76,800 (18.84%)
NII (HNI) Shares Offered
7,33,200 (14.14%)
Retail Shares Offered
17,11,200 (33%)
Total Shares Offered
51,85,200 (100%)
Information about company
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:
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
Qualitative Products
Objectives of IPO
The Company proposes to utilize the funds which are being raised towards funding the following objects:
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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