IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Start Date | December 5, 2024 |
| IPO End Date | December 9, 2024 | |
| Pricing Information | Price Range | ₹90 to ₹95 per share |
| Face Value | ₹10 per share | |
| Offer Structure | Total Issue Size | 5,185,200 shares (amounting up to ₹49.26 Cr) |
| Fresh Issue | 4,986,000 shares (amounting up to ₹47.37 Cr) | |
| Offer for Sale (OFS) | 199,200 shares (amounting up to ₹1.89 Cr) | |
| Market Maker Portion | 300,000 shares | |
| Investor Details | Minimum Lot Size | 1200 Shares |
| Exchange for Listing | NSE SME | |
| IPO Type | Book Built Issue |
Important IPO Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | December 5, 2024 (Thursday) |
| IPO Closing Date | December 9, 2024 (Monday) |
| Finalisation of Basis of Allotment | December 10, 2024 (Tuesday) |
| Initiation of Refunds | December 11, 2024 (Wednesday) |
| Credit of Shares in Demat Account | December 11, 2024 (Wednesday) |
| Listing Date | December 12, 2024 (Thursday) |
What is GMP of Emerald Tyre Manufacturer IPO Today?
As of December 10, 2024, the Grey Market Premium (GMP) for the Emerald Tyre Manufecturer IPO is ₹75. This indicates that the shares are expected to list at approximately ₹170 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Period | Financial Year 2024 (Amount in ₹ Crores) | Financial Year 2023 (Amount in ₹ Crores) | Financial Year 2022 (Amount in ₹ Crores) |
|---|---|---|---|
| Total Assets | 173.94 | 149.77 | 135.56 |
| Total Revenue | 171.97 | 167.98 | 134.70 |
| Total Expense | 155.82 | 155.97 | 128.25 |
| Profit After Tax | 12.24 | 8.93 | 4.85 |
| Company’s Net Worth | 53.98 | 36.99 | 28.97 |
| Total Reserves & Surplus | 39.49 | 30.43 | 22.41 |
The company’s total assets grew from ₹135.56 Crores in FY 2022 to ₹173.94 Crores in FY 2024. It is clearly showing that the company is steadily building its resources. Revenue of the company have also increased from ₹134.70 Crores in FY 2022 to ₹171.97 Crores in FY 2024, reflecting its growing operations and enhanced market reach.
Profit After Tax has been improved significantly, from ₹4.85 Crores in FY 2022 to ₹12.24 Crores in FY 2024. This shows that the company is managing its costs well while increasing profitability. Overall, these results highlight Emerald Tyre Manufacturer’s good progress and growth potential.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 15.84% |
| EBITDA Margin (%) | 17.28% |
| After Tax Profit Margin (%) | 7.16% |
| Debt to Equity Ratio | 1.61 |
| Return on Net Worth (RONW) | 22.63% |
| Net Asset Value (NAV) | ₹37.31 |
| Earnings Per Share (EPS) | ₹8.71 (Basic) |
| Price/Book Value (P/BV) | 2.55 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1,200 | ₹114,000 |
| Retail Investor (Maximum Lot) | 1 | 1,200 | ₹114,000 |
| HNI Investor (Minimum Lot) | 2 | 2,400 | ₹228,000 |
Retail investors can bid for a minimum of one lot, which contains 1,200 shares, amounting to ₹1,14,000. They can also apply for a maximum of one lot with the same quantity and amount, as per the IPO guidelines. HNIs, on the other hand, can apply for a minimum of 2 lots, which include 2,400 shares, amounting to ₹2,28,000.
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | Not more than 50% of the Net Offer |
| Shares Reserved for Retail Investors | Not less than 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | Not less than 15% of the Net Offer |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended Nov 30, 2023 (₹ Crores) | FY 2023 (₹ Crores) | FY 2022 (₹ Crores) | FY 2021 (₹ Crores) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 6.55 | 14.60 | 9.55 | (16.59) |
| Net Cash Flow from Investing Activities | (8.67) | (14.81) | (12.06) | (0.52) |
| Net Cash Flow from Financing Activities | 3.12 | 0.76 | 1.81 | 17.87 |
Domestic vs International Revenue
| Year | Domestic Revenue (₹ in Crores) | International Revenue (₹ in Crores) | Total Revenue (₹ in Crores) |
|---|---|---|---|
| For the Period Ended Nov 30, 2023 | 27.65 | 77.55 | 105.20 |
| FY 2022-23 | 37.90 | 122.93 | 160.83 |
| FY 2021-22 | 35.15 | 96.17 | 131.32 |
| FY 2020-21 | 27.96 | 57.27 | 85.23 |
Product wise Revenue Breakdown
| Product | For the Period Ended Nov 30, 2023 (₹ in Crores) | FY 2022-23 (₹ in Crores) | FY 2021-22 (₹ in Crores) | FY 2020-21 (₹ in Crores) |
|---|---|---|---|---|
| Solid Tyres | 54.93 | 83.23 | 72.66 | 51.54 |
| Press On Band | 6.54 | 10.75 | 8.01 | 6.53 |
| Industrial Pneumatic | 43.61 | 66.72 | 50.50 | 27.13 |
| Wheel Rims | 0.12 | 0.13 | 0.15 | 0.03 |
| Total Revenue | 105.20 | 160.83 | 131.31 | 85.22 |
Revenue by Region: State-wise Analysis
| State/Particulars | For the Period Ended Nov 30, 2023 (₹ in Crores) | FY 2022-23 (₹ in Crores) | FY 2021-22 (₹ in Crores) | FY 2020-21 (₹ in Crores) |
|---|---|---|---|---|
| Andhra Pradesh | 0.65 | 0.58 | 0.66 | 0.52 |
| Assam | 0.08 | 0.02 | 0.00 | 0.00 |
| Bihar | 0.03 | 0.03 | 0.02 | 0.02 |
| Chhattisgarh | 0.00 | 0.07 | 0.00 | 0.50 |
| Dadra and Nagar Haveli | 0.01 | 0.01 | 0.02 | 0.02 |
| Delhi | 0.34 | 0.52 | 1.56 | 0.58 |
| Goa | 0.00 | 0.00 | 0.00 | 0.01 |
| Gujarat | 3.42 | 3.43 | 3.05 | 2.19 |
| Haryana | 0.85 | 1.63 | 1.59 | 1.81 |
| Himachal Pradesh | 0.00 | 0.00 | 0.00 | 0.00 |
| Jammu & Kashmir | 0.01 | 0.00 | 0.00 | 0.00 |
| Jharkhand | 0.08 | 0.09 | 0.09 | 0.14 |
| Karnataka | 2.20 | 2.45 | 2.10 | 1.71 |
| Kerala | 0.05 | 0.12 | 0.06 | 0.04 |
| Madhya Pradesh | 0.33 | 0.38 | 0.31 | 0.30 |
| Maharashtra | 8.30 | 14.13 | 11.58 | 8.57 |
| Meghalaya | 0.01 | 0.00 | 0.00 | 0.01 |
| Odisha | 1.23 | 1.52 | 1.13 | 1.14 |
| Puducherry | 0.00 | 0.00 | 0.00 | 0.01 |
| Punjab | 3.51 | 3.79 | 5.14 | 3.54 |
| Rajasthan | 0.62 | 0.18 | 0.09 | 0.08 |
| Tamil Nadu | 3.59 | 6.13 | 4.92 | 3.81 |
| Telangana | 0.58 | 0.82 | 0.72 | 0.59 |
| Uttar Pradesh | 0.91 | 0.97 | 1.22 | 1.60 |
| Uttarakhand | 0.25 | 0.15 | 0.09 | 0.11 |
| West Bengal | 0.59 | 0.87 | 0.79 | 0.64 |
| Total Revenue | 27.65 | 37.90 | 35.15 | 27.96 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Emerald Tyre Manufacturers Limited | 5.68 (Basic), 6.60 (Diluted) | [●] | 10.00 |
| Balkrishna Industries Limited | 54.70 | 35.98 | 10.00 |
| TVS Srichakra Limited | 101.85 | 26.41 | 10.00 |
Dividend Policy
The company has not paid any dividends during the last three financial years
Key Objectives of This IPO
- To finance the purchase of new machinery and equipment.
- To repay or prepay certain outstanding loans.
- To meet general corporate expenses.
Positives and Negatives of Abha Power and Steel
Positives:
- Established presence in export markets.
- Diverse and specialized product portfolio.
- Strong brand reputation.
- Strategically located manufacturing facilities.
- Consistent financial growth and profitability.
Negatives:
- High dependency on export revenue.
- Significant reliance on a few key customers.
- Exposure to foreign exchange fluctuation risks.
- Vulnerability to raw material price volatility.
- Intense competition in the tyre manufacturing industry.
Conclusion
Emerald Tyre Manufacturers Limited is growing steadily, with rising revenues and better profitability. The company’s focus on expanding its products and reducing debt highlights its potential for future growth.
However, its reliance on export markets and sensitivity to raw material costs could be concerns for investors.
Overall, Emerald Tyre Manufacturers Limited seems like a good option for long-term growth. Be sure to check the RHP for more details before investing.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Popular Questions
- What are the opening and closing dates for the Emerald Tyre Manufacturers Limited IPO?
The IPO opens on December 5, 2024, and closes on December 9, 2024.
2. What is the issue price for the Emerald Tyre Manufacturers Limited IPO?
The issue price is set at ₹95 per equity share.
3. What is the minimum lot size for retail investors in this IPO?
Retail investors can bid for a minimum of 1,200 shares, amounting to ₹1,14,000.
4. Who is the lead manager for this IPO?
The lead manager is GYR Capital Advisors Private Limited.
5. Who is the registrar for the Emerald Tyre Manufacturers Limited IPO?
The registrar is Link Intime India Private Limited.
6. What are the main objectives of the IPO?
The funds will be utilized for the purchase of machinery, repayment or prepayment of certain borrowings, and meeting general corporate purposes.
7. On which stock exchange will the shares be listed?
The shares are proposed to be listed on the NSE SME platform.
8. What is the total issue size for the Emerald Tyre Manufacturers Limited IPO?
The total issue comprises up to 51,852,000 equity shares, aggregating up to ₹49.26 crores.
9. When will the allotment and refund process begin?
The allotment date is December 10, 2024, and refunds will begin on December 11, 2024.
10. When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on December 12, 2024.
11. What is the expected listing date for the IPO?
The shares are expected to list on December 12, 2024.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Emerald Tyre Manufecturer IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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