Emerald Tyre Manufacturers IPO: GMP and Key Details

Emerald Tyre Manufacturers IPO: GMP and Key Details

Emerald Tyre Manufacturers Limited, based in Tamil Nadu, has launched its SME IPO from December 5 to December 9, 2024, with a price band of ₹90-95 per share. The company aims to raise ₹49.26 crores, comprising fresh issues worth ₹47.37 crores and an offer-for-sale of ₹1.89 crores. The Grey Market Premium (GMP) for this IPO is ₹75, indicating strong investor sentiment.

gmpEmerald-Tyre-Manufacturers-Limited-IPO-
gmpEmerald-Tyre-Manufacturers-Limited-IPO-

 

Key Financial Highlights

  • Revenue Growth: ₹171.97 crores (FY24) vs. ₹167.98 crores (FY23).
  • Profit: ₹12.24 crores (FY24) with a PAT margin of 7.16%.
  • Debt-to-Equity Ratio: 1.61.
  • EPS: ₹8.71.

Objectives of the IPO

  • Fund capital expenditure.
  • General corporate purposes.
  • Cover IPO-related expenses.

Allotment and Listing

  • Allotment Date: December 10, 2024.
  • Listing Date: December 12, 2024, on NSE SME platform.

Investors can apply through ASBA or via stock brokers using UPI for a minimum lot size of 1,200 shares, amounting to ₹114,000.

 

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