Emerald Tyre Manufacturers Limited

Company Profile
Company Name Emerald Tyre Manufacturers Limited
Open Date 05-12-2024
Close Date 09-12-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹90 to ₹95 per share
Issue Size 5,185,200 shares
Application Amount ₹114,000
Recommendation Avoid
Incorporation & Business Activity: 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". Their registered office is situated in Poonamallee, Tamil Nadu-600095. Human Resource: As of July 31, 2024, The company had 243 permanent and 277 contractual employees.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Jul-24
Revenue 13,364.26 16,393.95 17,098.74 6,380.33
EBITDA 1,565.97 2,103.19 2,957.19 969.00
Net Profit 484.62 892.85 1,214.33 413.64
RoCE 19.76% 24.49% 31.45% 10.04%
ROE 16.73% 24.14% 22.50% 7.11%
P/E 25.07 13.97 11.00 5.38

Tentative Timeline

Opening Date 05-12-2024
Closing Date 09-12-2024
Basis of Allotment 10-12-2024
Initiation of Refunds 10-12-2024
Credit of Shares to Demat 11-12-2024
Listing Date 12-12-2024

Objects of the Issue

To meet Capital Expenditure
General Purposes.
To meet offer expenses

Contact Information

Registered Office Emerald Tyre Manufacturers Limited Emerald House, Plot No.2 Second Street, Porur Gardens, Phase-I, Vanagaram, Tiruvallur, Poonamallee, 600095
Phone 9043063194
Email cosec@emeraldtyres.com
Website https://emeraldtyres.com/about-emerald/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email emerald.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

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%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 67.62%
Shareholding Post Issue (Promoters) 49.29%

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