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EMERALD TYRE MANUFACTURERS IPO
331.14xsubscribed

EMERALD TYRE MANUFACTURERS IPO

Tyres & Allied
listed
₹1.08LMin. investment

EMERALD TYRE MANUFACTURERS LIMITED IPO Details

SectorTyres & Allied
Price range₹90.00 – ₹95.00
IPO type
SME
Lot size1200 shares
Issue size₹49Cr
Red Herring Prospectus
Read
Market cap
₹185.03CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹170.9CrLower than sector avg
Growth rate3Y CAGR
8.56%

EMERALD TYRE MANUFACTURERS IPO Timeline

  1. Pre-apply
    4 Dec 2024
  2. Bid start
    5 Dec 2024
  3. Bid end
    9 Dec 2024
  4. Allotment
    10 Dec 2024
  5. Release of funds
    11 Dec 2024
  6. Demat transfer
    11 Dec 2024
  7. Listing
    12 Dec 2024

About EMERALD TYRE MANUFACTURERS LIMITED

Incorporated in 2002, Emerald Tyre Manufacturers manufactures and supplies tyres for various material handling vehicles like forklifts, skid loaders, port trailers and ground support equipment for airports. It has a strong presence in both domestic and international markets under the brand "GRECKSTER." In FY24, the company earned more than 75% of its revenue from export business; the rest is contributed by domestic sales. Its manufacturing unit is in Tamil Nadu, spread across 10.05 acres with a production capacity of 10,560 MT of tyres, tubes and wheels.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Emerald Tyre Manufacturers IPO

Capital Expenditure
The company will utilise around ₹36.33 crore for the capital expenditure.
General corporate purposes
The company will utilize ₹12.93 crore for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹170.9Cr8.56%₹12.14Cr₹185.03Cr10.991.62
This sector (avg.)₹5,370.43Cr---₹318.56Cr₹13,209.35Cr31.180.39
₹28,153.18Cr---₹1,869.29Cr₹56,053.07Cr30.240.20
₹10,446.95Cr---₹1,654.96Cr₹44,575.08Cr33.970.31
₹26,123.42Cr---₹1,121.32Cr₹31,168.93Cr39.420.30

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

EMERALD TYRE MANUFACTURERS IPO Contact Details

Company NameEMERALD TYRE MANUFACTURERS LIMITED

How to apply for EMERALD TYRE MANUFACTURERS IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Emerald Tyre Manufacturers IPO FAQs