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Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers Ltd
₹1,08,000 /1200 sharesMinimum Investment
Emerald Tyre Manufacturers IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹95.00 | ₹180.50 | ₹85.50 (90.00%) |
Emerald Tyre Manufacturers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 5 Dec ‘24 - 9 Dec ‘24 | ₹1,08,000 | 1,200 | ₹90 - ₹95 |
| Issue Size | IPO Doc |
|---|---|
| 49.26Cr | RHP PDF |
Subscription rate
As of 09 Dec'24, 05:00 PM
| Qualified Institutional Buyers | 172.98x |
| Non-Institutional Investor | 810.20x |
| Retail Individual Investor | 501.15x |
| Total | 435.50x |
About Emerald Tyre Manufacturers
Founded in
2002
Managing director
Mr. Chandhrasekharan Thirupathi Venkatachalam
Parent organisation
Emerald Tyre Manufacturers Ltd
Strengths & Financials of Emerald Tyre Manufacturers
Strengths
Risks
Emerald Tyre Manufacturers has an annual production capacity of 10,560 metric tonnes of tyres, tubes, and wheels.
The company claims that the manufacturing facility it operates is capable of producing a diverse range of off-highway tyres under one roof. By managing the entire production process, from raw materials to finished products, the company states that it ensures strict quality control and adherence to global standards.
The company’s products are exported to international markets, including the USA, UAE, Russia, and several European countries such as Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK.
Emerald Tyre Manufacturers is ISO 9001:2015 for quality management systems and ISO 14001:2015 for environmental management systems. Additionally, the company complies with the European Union's REACH standards.
The company has observed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 133.64 crore in FY22 to Rs 163.94 crore in FY23 to Rs 170.99 crore in FY24, while PAT increased from Rs 4.85 crore in FY22 to Rs 8.93 crore in FY23 to Rs 12.23 crore in FY24.
Emerald Tyre Manufacturers’ major revenue is generated from the company’s key clients. The top 1, 3, 5, and 10 clients contributed 26.47%, 49.01%, 55.32% and 65.45% of total revenue from operations, respectively, for the year ended July 31, 2024. Any loss of these clients or a reduction in business from them can adversely affect the company’s operations and finances.
The uninterrupted operation of the company’s manufacturing facilities in Tamil Nadu is critical to its success. Any disruptions at these facilities could create significant challenges, and negatively impact business continuity, financial performance, and overall operations.
As of July 31, 2024, the company had outstanding borrowings amounting to Rs 87.50 crore. Any inability to repay or service these loans can adversely affect the company’s financial standing.
The company, its promoters, and one key managerial personnel are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to its business prospects.
The company’s ability to procure raw materials at competitive prices is influenced by market fluctuations. Any rise in raw material costs could adversely affect sales, profitability, and overall business performance.
Emerald Tyre Manufacturers Financials
*All values are in Rs. Cr
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Application Details of Emerald Tyre Manufacturers IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹90 - 95 | ₹2 - 5 Lakh |
| High Networth Individual | ₹90 - 95 | ₹2 - 5 Lakh |
For Emerald Tyre Manufacturers IPO, eligible investors can apply as Regular.