Emerald Tyre Manufacturers Limited IPO has ₹60 Grey Market Premium as of December 4, 2024, with a price range of ₹90 to ₹95 per share. Offering lots of 1200 shares, the subscription window is open from December 5 to December 9, 2024.
Emerald Tyre Manufacturers Limited IPO GMP Today
The Grey Market Premium (GMP) for Emerald Tyre Manufacturers Limited is ₹60 as of December 4, 2024. This assessment coincides with a price of ₹90 to ₹95 per share for the IPO.
Emerald Tyre Manufacturers Limited IPO Review
Emerald Tyre Manufacturers Ltd’s financial performance shows steady revenue growth, rising from ₹13,364.26 lakhs in March 2022 to ₹16,393.95 lakhs in March 2023. Equity and liabilities increased, reflecting expansion, while a declining debt-equity ratio highlights reduced dependence on debt financing.
However, profitability has declined, with PAT dropping from ₹484.62 lakhs in March 2022 to ₹413.64 lakhs by July 2024. Lower EPS (₹3.79 to ₹2.85) and RoNW (16.73% to 7.11%) indicate reduced returns. Although total assets and inventory turnover improved, a weakening current ratio suggests liquidity challenges, potentially raising concerns for investors.
To get a full IPO review, click here Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers Limited IPO Date
Emerald Tyre Manufacturers Limited will start accepting subscriptions from December 5 to December 9, 2024.
Emerald Tyre Manufacturers Limited IPO Price
Emerald Tyre Manufacturers Limited’s price range is at ₹90 to ₹95 per share with a face value of ₹10 each.
Emerald Tyre Manufacturers Limited
Emerald Tyre Manufacturers Limited, established in 2002, is a trusted global brand known for its “GRECKSTER” tyres. They produce high-quality tyres for forklifts, mining, agriculture, and more. Their Gummudipoondi facility in Tamil Nadu spans 10.05 acres, with a 10,560 MT capacity, meeting diverse market demands for tyres, tubes, and wheels.
How To Apply For Emerald Tyre Manufacturers Limited IPO?
To apply for the Emerald Tyre Manufacturers Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Emerald Tyre Manufacturers Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Emerald Tyre Manufacturers Limited IPO at Alice Blue in just a few clicks.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.