Emerald Tyre Manufacturers Limited
Bookbuilding IPO · NSE
- Price band
- ₹90 - ₹95
- Lot size
- 1,200 shares
- Issue amount
- ₹49.26 cr
- Total subscription
- 531.35×
- Opens
- 5 Dec 2024
- Closes
- 9 Dec 2024
- Allotment
- 10 Dec 2024
- Listing
- 12 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 51,85,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹44.52 cr
- Offer for sale
- ₹1.89 cr
- Registrar
- Ms Shanthi Gopalkrishnan
- Listing exchange
- NSE
- Maximum investment
- ₹1,14,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,44,90,512
- Shares after issue
- 1,94,76,512
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,14,000 |
| HNI | 2 | 2,400 | ₹2,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 116 |
| NIB | — | 60,572 |
| RETAIL | — | 7,97,525 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.28 | 1,818.36 |
| RETAIL | 16.26 | 9,091.81 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.85 | 8.71 | 13.61 |
| ROE | 0 | 0 | 0 |
| ROCE | 5.9 | 17.62 | 16.4 |
| RONW | 7.11 | 22.5 | 24.14 |
| Pre IPO | 0 | 11.25 | 0 |
| Post IPO | 0 | 15.12 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Emerald Tyre Manufacturers Limited, incorporated in 2002, specializes in manufacturing and servicing a wide range of tyres under the brand "GRECKSTER," including Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims. The company exports its products to markets such as the USA, UAE, Russia, and European countries including Belgium, Germany, and Italy, supported by warehouses in Belgium, the UAE, and the USA for timely delivery and superior customer service. As of March 31, 2024, Emerald Tyre employs 224 permanent and 191 contractual staff, continuing to expand its footprint across Europe, the Middle East, and North America.
Strengths
- Experienced Leadership: Skilled and committed management team driving strategic growth and operational efficiency.
- Advanced Manufacturing: State-of-the-art facilities producing a broad range of off-highway tyres.
- Diverse Offerings: Extensive product portfolio with customized solutions for varied customer requirements.
Risk factors
- Raw Material Price Volatility: Fluctuating costs may impact sales, profitability, and overall performance.
- Client Concentration Risk: Heavy dependence on a few key clients exposes the company to potential revenue loss.
- Supplier Dependence: Reliance on a limited set of suppliers could disrupt operations if supply is interrupted.
Promoters
Chandhrasekharan Trirupathi Venkatachalam
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Ms Shanthi Gopalkrishnan
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Emerald House, Plot No.2 Second Street, Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, 600095
+91 9043063194
[email protected]Company website ↗Understanding ETML IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.