The Emerald Tyre Manufacturers SME IPO is currently open for subscription and offers an investment opportunity for retail and institutional investors. Here are the key details:

IPO Highlights:

• IPO Dates: Opened on December 5, 2024, and closes on December 9, 2024.
• Price Band: ₹90 to ₹95 per equity share.
• Lot Size:
  • Minimum: 1 lot (1,200 shares, ₹1,14,000).
  • Maximum for retail: 1 lot.
• Total Issue Size: ₹49.26 crore, including:
  • Fresh Issue: ₹47.37 crore.
  • Offer for Sale: ₹1.89 crore.
• Listing Exchange: NSE SME platform.

Financial Overview:

• FY24 Revenue: ₹171.97 crore (up from ₹167.98 crore in FY23).
• FY24 Profit After Tax (PAT): ₹12.24 crore (up from ₹8.93 crore in FY23).
• Key Metrics:
  • Return on Capital Employed (ROCE): 15.84%.
  • Debt-to-Equity Ratio: 1.61.
  • Price-to-Earnings (P/E) Ratio: 11x (lower than the industry average of 29.08x, indicating undervaluation).

Key Dates:

• Allotment Finalization: December 10, 2024.
• Refund Initiation: December 11, 2024.
• Shares Credited to Demat Accounts: December 11, 2024.
• Listing Date: December 12, 2024.

Company Insights:

Emerald Tyre Manufacturers specializes in off-highway tyres and exports a significant portion of its products. The company boasts an experienced management team, a broad product range, and a global customer base. However, risks include dependence on exports, raw material price volatility, and competition in the tyre manufacturing industry.

If you’re interested, you can apply via ASBA through your bank or broker.