Emerald Tyre Manufacturers Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 04-12-2024 | 08-12-2024 | 10 per share | 95 | 1200 Shares | nse, sme | 5,185,200 shares (aggregating up to ₹49.26 Cr) | 2024-12-09 18:30:00 | 2024-12-09 18:30:00 | 2024-12-10 18:30:00 | 11-12-2024 |
About The Company
Emerald Tyre Manufacturers IPO is a book built issue of Rs 49.26 crores. The issue is a combination of fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores.
Emerald Tyre Manufacturers IPO opens for subscription on December 5, 2024 and closes on December 9, 2024. The allotment for the Emerald Tyre Manufacturers IPO is expected to be finalized on Tuesday, December 10, 2024. Emerald Tyre Manufacturers IPO will list on NSE SME with tentative listing date fixed as Thursday, December 12, 2024.
Emerald Tyre Manufacturers IPO price band is set at ₹90 to ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Emerald Tyre Manufacturers IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Emerald Tyre Manufacturers IPO is Giriraj Stock Broking.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 13556 | 13470 | 485 | 2897.44 | 2241.39 | 7504.59 |
| 30-03-2023 | 14977 | 16798 | 893 | 3698.84 | 3042.79 | 8466.4 |
| 30-03-2024 | 17394 | 17197 | 1214 | 5397.59 | 3948.54 | 8718.28 |
| 30-07-2024 | 8718 | 6493 | 6493 | 5813.8 | 4364.75 | 8750.18 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 0.52 |
| Non-Institutional Buyers | 43.13 |
| Retail Investors | 68.80 |
| Total | 43.80 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 114000 |
| Retail (Max) | 1 | 1200 | 114000 |
| HNI (Min) | 2 | 2400 | 228000 |
IPO Listing Details
| Listing Date | 11-12-2024 |
| BSE Script Code | - |
| NSE Symbol | ETML |
| ISIN | INE0RHD01013 |
| Final Issue Price | 95 |
Promoter holdings
Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.
Contact Information of the Company
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/
IPO Registrar
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 Lead Manager
GYR Capital Advisors Private Limited (Past IPO Performance)