Emerald Tyre Manufacturers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,440,800 (47%) | — | ₹2,319 Cr |
| NII (HNI) | — | 733,200 (14%) | — | ₹697 Cr |
| Retail | — | 1,711,200 (33%) | — | ₹1,626 Cr |
| Market Maker | — | 300,000 (6%) | — | ₹29 Cr |
| Σ Total | — | 5,185,200 (100%) | — | ₹49,259 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹114,000 |
| Retail (Max) | 13 | 15,600 | ₹1,482,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,596,000 |
| B-HNI (Min) | 67 | 80,400 | ₹7,638,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 6,493 | 17,197 | 16,798 |
| Profit After Tax | 414 | 1,214 | 893 |
| Net Worth | 5,814 | 5,398 | 3,699 |
| Total Assets | 18,190 | 17,394 | 14,977 |
| Reserves & Surplus | 4,365 | 3,949 | 3,043 |
| Total Borrowing | 8,750 | 8,718 | 8,466 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the Capital Expenditure –
- To meet General Corporate Purposes –
- To meet Offer Expenses –
Company Overview
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