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Emerald Tyre Manufacturers IPO
Price Band
₹90.0–95.0
Issue Size
₹49.26 Cr
Lot Size
1,200 shares
Min Investment
₹114,000
GMP
+₹85.0 (89.47%)
Issue Price
₹95.0
Subject to Sauda
₹77500
Paid only if allotted
Emerald Tyre Manufacturers IPO AI Summary
- Emerald Tyre Manufacturers IPO is listed on NSE SME in the Tyres & Rubber Products sector.
- Price band: ₹90.0–₹95.0 per share, lot size 1,200 shares (min. investment ₹114,000).
- Subscription window: 05 Dec–09 Dec 2024, listing on 12 Dec 2024.
- Current GMP is +₹85.0 (89.47%), an estimated listing price of ₹180 — unofficial and can change daily.
Emerald Tyre Manufacturers is an SME IPO focusing on the tyre manufacturing sector with a diverse product range and international market presence. The company aims to raise funds for capital expenditure and general corporate purposes, offering shares at an issue price of ₹95.0.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Emerald Tyre Manufacturers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Dec 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Emerald Tyre Manufacturers IPO Grey Market Premium (GMP) Today
GMP
+₹85.0
GMP %
+89.47%
Est. Listing
₹180.0
Updated: 25 Jul 2026 14:02
About the Company
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
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹8.44
NAV
₹37.31
ROCE
15.84%
RoNW
22.63%
P/B Value
2.55
P/E Ratio
11.25
Market Cap
₹185.03 Cr
PAT Margin
7.16%
Debt/Equity
1.61
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tvs Srichakra Ltd. | 1451.87 | 9.69% | 27.72 | 140.98 | 140.98 |
| Balkrishna Industries Ltd. | 457.99 | 16.62% | 30.44 | 76.12 | 76.12 |
| Emerald tyre Manufacturers Limited This IPO | — | 22.63% | 11.25 | 8.44 | 8.44 |
Promoters
Chandhrasekharan Trirupathi Venkatachalam
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹134.70 Cr in the year ending 31 Mar 2022, increasing to ₹167.98 Cr by 31 Mar 2023, and further rising to ₹171.97 Cr by 31 Mar 2024. However, for the period ending 31 Jul 2024, total income is reported at ₹64.93 Cr, which is only for a 4-month period and thus not directly comparable to the prior full year figures.
Profit Trend
Profit After Tax was ₹4.85 Cr in the year ending 31 Mar 2022, which increased to ₹8.93 Cr by 31 Mar 2023, and further rose to ₹12.14 Cr by 31 Mar 2024. For the period ending 31 Jul 2024, the profit after tax is reported at ₹4.14 Cr, though this is a 4-month figure and not directly comparable to the previous full year.
Valuation
Emerald Tyre Manufacturers is priced at a P/E of 11.25 at the issue price, compared to peers trading at P/E ratios of 27.72 to 30.44.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which shares are traded in the grey market before they are officially listed. A positive GMP suggests that the market expects the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are averse to the risks associated with new market entrants may want to avoid IPOs like this, as they can be subject to price fluctuations and market sentiment.
IPO Timeline, Explained
The IPO opens for subscription on December 5, 2024, and closes on December 9, 2024. Allotment of shares will be done on December 10, 2024, with the listing date set for December 12, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on market conditions, investor sentiment, and demand for the stock. While some IPOs may see a surge in price, others may not perform as expected, leading to potential losses.
This evaluation is generated from Emerald Tyre Manufacturers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Emerald Tyre Manufacturers IPO GMP today?
Emerald Tyre Manufacturers IPO GMP today is +₹85.0 (89.47%), indicating an estimated listing price of ₹180. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Emerald Tyre Manufacturers IPO?
The price band of Emerald Tyre Manufacturers IPO is ₹90.0–₹95.0 per share.
When does Emerald Tyre Manufacturers IPO open and close?
Emerald Tyre Manufacturers IPO opens on 05 December 2024 and closes on 09 December 2024.
When does Emerald Tyre Manufacturers IPO list on the stock exchange?
Emerald Tyre Manufacturers IPO listed on 12 December 2024 at ₹180.0.
What is the lot size for Emerald Tyre Manufacturers IPO?
The lot size for Emerald Tyre Manufacturers IPO is 1200 shares, requiring a minimum investment of ₹114,000.
What is the lot size for this IPO?
The lot size for Emerald Tyre Manufacturers IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹114,000.
What is the price band for the IPO?
The price band for the IPO is between ₹90.0 and ₹95.0.
When does the IPO open and close?
The IPO opens on December 5, 2024, and closes on December 9, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Dec 2024
Close
09 Dec 2024
Allotment
10 Dec 2024
Listing
12 Dec 2024
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