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Open
5 Dec 2024
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Close
9 Dec 2024
3
Allotment
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Listing
Thu, Dec 12, 2024
Price Band
₹90 to ₹95
Issue Size
51,85,200 shares (agg. up to ₹49 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Dec 12, 2024
Latest GMP
₹85
Est. Gain
89.47%
✦ AI Insight
GMP Trend
12-12-2024₹85Est. ₹180+89.47%
11-12-2024₹85Est. ₹180+89.47%
10-12-2024₹85Est. ₹180+89.47%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 368.05x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tolins Tyres Ltd. | Mainboard | ₹230.00 Cr | ₹226 | 26.64 | ₹239.40 | +5.93% | ₹102.83 (-0.34%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Capital Expenditure; | 36.33 |
| 2 | To meet General Corporate Purposes; and | 8.51 |
About Emerald Tyre Manufacturers IPO
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: Experienced and dedicated management team Manufacturing Facility to handle a wide range of off Highway Tyres Wide product range and customized product offering Diverse Customer Base Qualitative Products + Read More
Contact Details
Emerald Tyre Manufacturers Ltd. AddressEmerald House, Plot No.2Second Street, Porur Gardens, Phase-IVanagaram, Tiruvallur, PoonamalleePorur, Tamil Nadu, 6000959043063194cosec@emeraldtyres.comVisit Website