Emerald Tyre Manufactures is engaged in the business of manufacturing, supplying and Services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks , backhoe loaders etc. The company exports its products to countries, such as USA, UAE, Russia, Belgium, Germany, Netherlands, Portugal, Hungry, etc.
Emerald Tyre Manufacturers IPO open date is December 5, 2024 and the IPO will close on December 9, 2024. The company to raise around ₹49.26 crores via IPO that comprises fresh issue of ₹47.37 crores and offer for sale up to 199,200 equity shares with face value of ₹10 each.
Emerald Tyre Manufacturers IPO price band is ₹90 to ₹95 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Emerald Tyre Manufacturers IPO to list on NSE on December 12, 2024. The allotment of Emerald Tyre Manufacturers IPO date is December 10, 2024. The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crore in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 crores in 2023.
Emerald Tyre Manufacturers IPO Details
| IPO Open Date: | December 5, 2024 |
| IPO Close Date: | December 9, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to ₹95 Per Share |
| Issue Size: | Approx ₹49.26 Crores |
| Fresh Issue: | Approx ₹47.37 Crores |
| Offer for Sale: | Approx 199,200 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Emerald Tyre Manufacturers IPO Timeline
The Emerald Tyre Manufacturers IPO date is December 5, 2024 and the close date is December 9, 2024. The Emerald Tyre Manufacturers IPO allotment will be finalized on December 10, 2024 and the IPO listing on December 12, 2024.
| IPO Open Date: | December 5, 2024 |
| IPO Close Date: | December 9, 2024 |
| Basis of Allotment: | December 10, 2024 |
| Refunds: | December 11, 2024 |
| Credit to Demat Account: | December 11, 2024 |
| IPO Listing Date: | December 12, 2024 |
Emerald Tyre Manufacturers IPO Market Lot
The Emerald Tyre Manufacturers IPO minimum market lot is 1200 shares with ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹114,000 |
| Retail Maximum | 1 | 1,200 | ₹114,000 |
| S-HNI Minimum | 2 | 2,400 | ₹228,000 |
Key Financial Details of Emerald Tyre Manufacturers Limited
Emerald Tyre Manufacturers Limited’s revenue increased by 2.37% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18,190.29 | 17,393.60 | 14,976.86 | 13,556.09 |
| Revenue | 6,492.75 | 17,196.84 | 16,798.10 | 13,469.67 |
| Profit After Tax | 413.64 | 1,214.32 | 892.85 | 484.62 |
| Net Worth | 5,813.80 | 5,397.59 | 3,698.84 | 2,897.44 |
| Reserves and Surplus | 4,364.75 | 3,948.54 | 3,042.79 | 2,241.39 |
| Total Borrowing | 8,750.18 | 8,718.28 | 8,466.40 | 7,504.59 |
