Emerald Tyre Manufacturers SME IPO Details, Financials, Valuation & Peers
Explore Emerald Tyre Manufacturers IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Emerald Tyre Manufacturers Limited, established in 2002, is a leading manufacturer and supplier of high-performance tyres tailored for material handling applications. With a strong presence in both domestic and global markets, the company operates under the renowned brand name "GRECKSTER". Emerald Tyre specializes in off-highway tyres designed for forklifts, skid loaders, ground support equipment at airports, port trailers, agricultural implements, lawn and garden mowers, mining equipment, and other specialized vehicles. The company's state-of-the-art manufacturing facility in Tamil Nadu spans 10.05 acres and has an installed production capacity of 10,560 MT of tyres, tubes, and wheels.
Key Points:
- Product Portfolio: Comprehensive range of off-highway tyres catering to diverse sectors such as agriculture, aviation, mining, and industrial applications.
- Brand Recognition: Operates under the brand GRECKSTER in the tyre manufacturing industry.
- Manufacturing: Facility located at the SIPCOT Industrial Complex, Tamil Nadu, with a production capacity of 10,560 MT annually. Flexible manufacturing processes to meet dynamic market requirements.
- Global Reach: Strong presence in international markets, exporting to multiple regions while maintaining a robust domestic footprint.
- Strategic Focus: Emphasis on export market expansion and multi-size product offerings. De-risking business through strategic product and market diversification.
Objects of the Issue
- To meet out the Capital Expenditure
- To meet General Corporate Purposes
- To meet out Offer Expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 05 Dec - 09 Dec 2024 |
| IPO Price Band | ₹90 - ₹95 per share |
| Fresh Issue | 49,86,000 shares (₹47.37 crore) |
| Offer For Sale | 1,99,200 shares (₹1.89 crore) |
| Total IPO Size | ₹49.26 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 05 Dec 2024 |
| IPO Closing Date | 09 Dec 2024 |
| Basis Of Allotment | 10 Dec 2024 |
| Refunds | 11 Dec 2024 |
| Demat Transfer | 11 Dec 2024 |
| IPO Listing Date | 12 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| Total Income | 134.70 | 167.98 | 171.97 | 64.93 |
| Total Expenses | 128.25 | 155.97 | 155.91 | 59.42 |
| Net Profit/Loss | 4.85 | 8.93 | 12.14 | 4.14 |
| NPM (*) | 3.63 | 5.45 | 7.10 | 6.48 |
| Total Assets | 135.56 | 149.77 | 173.94 | 181.90 |
| Total Liabilities | 106.59 | 112.78 | 122.96 | 123.76 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| EPS | 3.79 | 6.80 | 8.64 | 2.85 |
| ROE (%) | 11.15 | 19.34 | 19.18 | 15.80 |
| ROCE (%) | 11.45 | 16.04 | 17.62 | 5.90 |
| D/E Ratio | 2.59 | 2.29 | 1.62 | 1.51 |
| Current Ratio | 1.20 | 1.15 | 1.14 | 1.10 |
| EBITDA MARGIN (%) | 11.47 | 14.22 | 17.23 | 16.03 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Emerald Tyre Manufacturers Limited | 170.99 | 11.00 | 8.64 | 22.50 | 37.25 |
| Balkrishna Industries Limited | 9,368.87 | 36.31 | 76.12 | 16.62 | 457.99 |
| TVS Srichakra Limited | 2,926.00 | 25.33 | 140.98 | 9.69 | 1,452.43 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not more than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 195.95 |
| Non-Institutional Investor (NII/HNI) | 912.18 |
| Retail Individual Investor (RII) | 558.11 |
| Total | 530.59 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- CHANDHRASEKHARAN THIRUPATHI VENKATACHALAM
Lead Managers
- GYR Capital Advisors Private Limited
Company Address
Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2, Second Street Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, Tamil Nadu-600095, India
Phone: +91 9043063194
Email: cosec@emeraldtyres.com
Website: www.emeraldtyres.com
FAQs
- What is the issue size of the Emerald Tyre Manufacturers SME IPO?The Emerald Tyre Manufacturers SME IPO has an issue size of ₹49.26 crore. This includes a fresh issue of 49,86,000 shares (₹47.37 crore) and an offer for sale (OFS) of 1,99,200 shares (₹1.89 crore).
- What is the price band of the Emerald Tyre Manufacturers IPO?The price band for the Emerald Tyre Manufacturers IPO is ₹90 - ₹95 per share.
- What are the bidding dates for the Emerald Tyre Manufacturers IPO?The Emerald Tyre Manufacturers IPO will open for bidding on 05 Dec 2024 and close on 09 Dec 2024.
- What is the allotment date for the Emerald Tyre Manufacturers IPO?The allotment date for the Emerald Tyre Manufacturers IPO is 10 Dec 2024.
- What is the minimum lot size and investment required for the Emerald Tyre Manufacturers IPO?The minimum lot size for the Emerald Tyre Manufacturers IPO is 1200 shares and the minimum investment required is ₹1,14,000.
- What is the listing date for the Emerald Tyre Manufacturers IPO?The listing date for the Emerald Tyre Manufacturers IPO is 12 Dec 2024.
- What is the Emerald Tyre Manufacturers IPO grey market premium?The grey market premium (GMP) for the Emerald Tyre Manufacturers IPO is currently at ₹85, with an expected listing gain of approximately 89.47%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.