Emerald Tyre IPO: Fresh issue of 49.86L shares (₹47.37 Cr) & OFS of 1.99L shares (₹1.89 Cr). Funds to be used for capital expenditure & corporate purposes.
Open Date : December 5, 2024 Close Date :December 9 2024 Allotment Date: December 10, 2024 Listing Date: December 12, 2024
IPO Price: INR 90-95 per share Lot Size: 1200 shares Total Issue Size: INR 49.26 crores
Emerald Tyre Manufacturers IPO shows mixed performance: 1. Revenue Growth: Steady increase observed. 2. Profitability Drop: EPS and RoNW declined. 3. Better Inventory Turnover: Efficiency improved. 4. Asset Growth: Indicates expansion. 5. Reduced Liquidity: A concern for short-term.
Emerald Tyre Manufacturers IPO Peer Comparison: 1. Smaller Scale: Compared to Balkrishna Industries, TVS Srichakra. 2. Growth Potential: Promising future. 3. Competitive Edge: Rising in the tyre sector.
Main objective of Emerald Tyre Manufacturers Limited is to meet working capital requirements.
Emerald Tyre Manufacturers IPO Risks: 1. Price Fluctuations: Raw materials. 2. Reliance: Few clients, suppliers. 3. Disruptions: Cash flow, stability impact.