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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹49.26 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹49.26 Cr |
| Fresh Issue | ₹44.52 Cr |
| Offer for Sale | ₹1.89 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹90.00-95.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ETML |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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".
Emerald Tyre Manufacturers products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & Flaps and Wheel Rims.
The company's products are being exported to global markets including, the USA, UAE, Russia, and major European Countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. The company also has warehouses located in Belgium, UAE and the USA providing on-time delivery of products and value-added services to customers across Europe, the Middle East and now in North America.
As of March 31 2024, The company had 224 permanent and 191 contractual employees.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Capital Expenditure; | 36.33 |
| 2 | To meet General Corporate Purposes; and | 8.51 |
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 181.90 | 173.94 | 149.77 | 135.56 |
| Total Income | 64.93 | 171.97 | 167.98 | 134.70 |
| Profit After Tax | 4.14 | 12.14 | 8.93 | 4.85 |
| NET Worth | 58.14 | 53.98 | 36.99 | 28.97 |
| Reserves and Surplus | 43.65 | 39.49 | 30.43 | 22.41 |
| Total Borrowing | 87.50 | 87.18 | 84.66 | 75.05 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 15.84% |
| Debt / Equity | 1.61% |
| RoNW | 22.63% |
| PAT Margin | 7.16% |
| Price to Book Value | 2.55 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.44 | 6.28 |
| P/E (x) | 11.25 | 15.12 |
| Promoter Holding | 67.62% | 50.31% |
| Market Cap | ₹185.03 Cr. | |
