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Emerald Tyre Manufacturers IPO

Open Sme
NSE 05 December - 09 December 2024
Emerald Tyre Manufacturers Limited IPO is a book build issue of 49.26 Cr. The issue is a combination of fresh issue of 4986000 shares aggregating to 47.37 Cr and offer for sale of 199200 shares aggregating to 1.89 Cr. Emerald Tyre Manufacturers Limited IPO opened for subscription on Dec 05, 2024 and closed on Dec 09, 2024. The allotment for the this IPO was finalized on Dec 10, 2024. IPO was listed on NSE and BSE on Dec 12, 2024. Emerald Tyre Manufacturers Limited IPO is set issue price band at ₹90 to ₹95 per share.

Current GMP

₹85 (+89.47%)

Price Band

₹ 90 – 95

Lot Size

1200

Issue Size

₹49.26 Cr

Minimum Investment

₹228000 (2400 Shares)

Listing Date

12 December 2024

Subscription

531.35x

About the Company

Emerald Tyre Manufacturers Limited (formerly known as Emerald Resilient Tyre Manufacturers Limited) is a prominent tyre manufacturing company based in India, specializing in off-highway tyres. The company was incorporated on March 27, 2002, under the name Emrald Resilient Tyre Manufacturers Private Limited and has undergone several name changes, culminating in its current name in January 2024.

Business Overview:
Emerald Tyre Manufacturers is engaged in the manufacturing, supplying, and servicing of tyres for various applications, including forklifts, mining equipment, airport ground support, and agricultural machinery. The company has established a strong domestic and international presence, particularly under the brand name GRECKSTER. It operates a manufacturing unit located in the SIPCOT Industrial Complex in Tamil Nadu, India, with an annual production capacity of 7040 MT.

Key Competitive Strengths:

  1. Experienced Management: Led by Mr. Chandhrasekharan Thirupathi Venkatachalam, the company's growth is attributed to the expertise of its management team, with over two decades of experience in the tyre manufacturing industry.
  2. Comprehensive Manufacturing Facility: Emerald operates a state-of-the-art manufacturing facility, offering a wide range of off-highway tyres and ensuring superior quality control. The facility provides flexibility, cost efficiency, and the ability to quickly adjust to market demands.
  3. Wide Product Range: The company manufactures tyres in various sizes and variants to serve different off-highway equipment. It also offers customized tyre solutions, catering to Original Equipment Manufacturers (OEMs).
  4. Diverse Customer Base: Emerald exports its products to global markets, including the USA, UAE, Russia, and several European countries. It also has subsidiaries in Belgium and Dubai to support customers and reduce dependency on any single market. In India, Emerald supplies OEM fitments and has an extensive after-sales network.
  5. Focus on Quality: The company is committed to high-quality manufacturing, adhering to international standards such as ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and REACH standards. Continuous quality checks and in-house R&D ensure product excellence.

Emerald Tyre Manufacturers has over two decades of industry experience, a diverse product range, a strong global presence, and a focus on quality, positioning it as a key player in the off-highway tyre market.

Promoters

  1.  Chandhrasekharan Trirupathi Venkatachalam 
Promoters Holding

Holding Pre Issue

67.62%

Holding Post Issue

0.00%

Objects of the Issue

The Company proposes to utilize the funds which are being raised towards funding the following objects:

  1. To meet the Capital Expenditure
  2. To meet General Corporate Purposes
  3. To meet Offer Expenses

Address / Contact Info

Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2, Second
Street Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee,
Tamil Nadu-600095

 Phone: 9043063194
Email: cosec@emeraldtyres.com
Website: https://emeraldtyres.com/about-emerald

IPO Snapshot

Face Value₹10 per share
Price Band₹ 90 – 95
Lot Size1200
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 47.37 Cr
Offer for Sale₹ 1.89 Cr
Total Issue Size₹ 49.26 Cr
Listing AtNSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Emerald Tyre Manufacturers IPO is a Book-building IPO worth ₹49.26 crores. The price band is ₹90 to 95 per share. The IPO opens on Thu, Dec 5, 2024 and closes on Mon, Dec 9, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Emerald Tyre Manufacturers IPO opens on Thu, Dec 5, 2024 and closes on Mon, Dec 9, 2024

Emerald Tyre Manufacturers IPO Price Band is ₹90 to 95.

Emerald Tyre Manufacturers IPO lot size is 1200, and the minimum amount required for application is ₹228000.

The minimum investment for Emerald Tyre Manufacturers IPO is approximately ₹228000 based on the upper price band.

To apply for the Emerald Tyre Manufacturers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 9, 2024. After submission, funds are blocked until the basis of allotment of Emerald Tyre Manufacturers IPO is finalised.

Emerald Tyre Manufacturers IPO issue size is ₹49.26 crores.

Emerald Tyre Manufacturers IPO allotment date is Sat, Jun 27, 2026.

The registrar for Emerald Tyre Manufacturers IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Emerald Tyre Manufacturers IPO through their official website or helpline.

The Emerald Tyre Manufacturers IPO GMP (Grey Market Premium) is ₹85 as of Thu, Dec 12, 2024. Based on the upper price band of ₹95 per share, the estimated Emerald Tyre Manufacturers IPO listing price is ₹180, indicating a potential listing gain of approximately 31% over the issue price.