Emerald Tyre Manufacturers Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

05 Dec 2024

Close Date

09 Dec 2024

Allotment

10 Dec 2024

Listing Date

12 Dec 2024

Exchange

NSE SME

Price Band

₹95

Listing Price

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Allotment Status

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Price Band

₹95

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

51,85,200 shares (aggregating up to ₹49.26 Cr)

Total offering

Issue Type

Book Built Issue

Min Investment

₹114,000

1 lot

Pre-IPO Holding

1,44,90,512 shares

Promoters

Post-IPO Holding

1,94,76,512 shares

Promoters

P/E (Pre)

11.25x

P/E (Post)

15.12x

EPS (Pre)

₹8.44

EPS (Post)

₹6.28

UPI Deadline

2024-12-09

Mandate

Anchor AllotmentWed, 04 Dec 2024

Basis of AllotmentTue, 10 Dec 2024

Refund InitiationTue, 10 Dec 2024

Demat CreditWed, 11 Dec 2024

Listing DayThu, 12 Dec 2024

UPI Mandate Deadline2024-12-09

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public48,85,200 shares (aggregating up to ₹46.41 Cr)

Market Maker Quota3,00,000 shares (aggregating up to ₹2.85 Cr)

Fresh Issue Shares46,86,000 shares (aggregating up to ₹44.52 Cr)

Offer for Sale1,99,200 shares of ₹10 (aggregating up to ₹1.89 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Emerald Tyre Manufacturers Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Dec 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	300,000	—	₹2.85
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,185,200	100%	₹49.26

IPO Shares Offered

Emerald Tyre Manufacturers Ltd IPO total issue size: ₹49.26 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	300,000	₹2.85	5.79%
Total	5,185,200	₹49.26	100.00%

* Based on upper price band ₹95 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹95.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹228,000
Retail (Max — 13 Lots)	13	15,600	₹1,482,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,596,000
B-HNI (Min — 68 Lots)	68	81,600	₹7,752,000

* Issue Price ₹95 × Lot Size 1,200 shares

IPO Schedule

Anchor

04 Dec 2024

✓ Done

IPO Open

05 Dec 2024

✓ Done

IPO Close

09 Dec 2024

✓ Done

Allotment

10 Dec 2024

✓ Done

Refunds

10 Dec 2024

✓ Done

Demat Credit

11 Dec 2024

✓ Done

Listing Day

12 Dec 2024

✓ Done

₹95.00

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Issue ₹95.00 Live Price

About Emerald Tyre Manufacturers Ltd

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 teamManufacturing Facility to handle a wide range of off Highway TyresWide product range and customized product offeringDiverse Customer BaseQualitative Products

Objects of the Issue

To meet the Capital Expenditure

To meet General Corporate Purposes

To meet Offer Expenses

Emerald Tyre Manufacturers Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹16,798.1

31 Mar 2023

₹17,196.8

31 Mar 2024

₹6,492.8

31 Jul 2024

Profit After Tax (PAT)

₹892.9

31 Mar 2023

₹1,214.3

31 Mar 2024

₹413.6

31 Jul 2024

Particulars	31 Jul 2024	31 Mar 2024	31 Mar 2023
Revenue from Operations	6492.75	17196.84	16798.10
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	413.64	1214.32	892.85
Net Worth	5813.80	5397.59	3698.84
Total Assets	18190.29	17393.60	14976.86
Reserves & Surplus	4364.75	3948.54	3042.79
Borrowings	8750.18	8718.28	8466.40
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	7.16%	—	—

P/BV Ratio

2.55

RoCE

15.84%

RoNW

22.63%

PAT Margin

7.16%

Debt/Equity

1.61

Issue Structure & Shareholding

Total Shares Offered51,85,200 (100.00%)

Net Offer to Public48,85,200 shares (aggregating up to ₹46.41 Cr)

Reserved for Market Maker3,00,000 shares (aggregating up to ₹2.85 Cr)

Pre-Issue Promoter Holding1,44,90,512 shares

Post-Issue Promoter Holding1,94,76,512 shares

P/BV Ratio2.55

RoEN/A

RoCE15.84%

Debt / Equity1.61

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

emerald.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

GYR Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Emerald Tyre Manufacturers Ltd IPO subscribed? ▲

Emerald Tyre Manufacturers Ltd IPO is subscribed 1.00 times by Dec 09, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Emerald Tyre Manufacturers Ltd IPO retail subscription status? ▼

The Emerald Tyre Manufacturers Ltd IPO retail category is subscribed 1.00 times as of 09 Dec 2024. The retail portion is oversubscribed.

How to subscribe Emerald Tyre Manufacturers Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 05 Dec 2024 and closes 09 Dec 2024. Min investment: ₹114,000 (1 lot = 1,200 shares). UPI mandate: 2024-12-09.

How many times Emerald Tyre Manufacturers Ltd IPO subscribed? ▼

The Emerald Tyre Manufacturers Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Emerald Tyre Manufacturers Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Dec 2024. Refunds: on 10 Dec 2024.

When Emerald Tyre Manufacturers Ltd IPO will be listed? ▼

The Emerald Tyre Manufacturers Ltd IPO listing date is 12 Dec 2024, Thursday. Listed on: NSE SME. Issue price: ₹95. Estimated listing: ₹95. GMP: NIL.

When Emerald Tyre Manufacturers Ltd IPO close? ▼

The Emerald Tyre Manufacturers Ltd IPO closes on 09 Dec 2024, Monday. UPI mandate: 2024-12-09. Allotment: 10 Dec 2024. Listing: 12 Dec 2024.

Quick Actions

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Live Price LIVE

Last Price₹95.00

Change—

Issue Price₹95.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹95

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹95

Subscribed1.00x

Open Date05 Dec 2024

Close Date09 Dec 2024

Allotment10 Dec 2024

Listing Date12 Dec 2024

ExchangeNSE SME

UPI Deadline2024-12-09