Emerald Tyre Manufacturers IPO Details
The Emerald Tyre Manufacturers IPO is a book build issue with a total issue size of ₹49.26 cr, comprising of fresh issue of 4986000 equity shares., and a offer for sale of 199200 equity shares. Emerald Tyre Manufacturers IPO opened for subscription on Dec 05, 2024 and closed on Dec 09, 2024. Emerald Tyre Manufacturers IPO is set price band at ₹90 to ₹95 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹228,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 10, 2024, and listed on the NSE on Dec 12, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Emerald Tyre Manufacturers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 90 – 95
- Lot Size
- 1200
- Issue Size
- ₹49.26 Cr
- Minimum Investment
- ₹228000 (2400 Shares)
- Listing Date
- 12 December 2024
Current GMP
₹85 (+89.47%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Emerald Tyre Manufacturers Limited
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:
- 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.
- 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.
- 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).
- 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.
- 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.
Emerald Tyre Manufacturers IPO Promoters
- Chandhrasekharan Trirupathi Venkatachalam
Promoters Holding
Holding Pre Issue
67.62%
Holding Post Issue
0.00%
Emerald Tyre Manufacturers IPO Objective
The Company proposes to utilize the funds which are being raised towards funding the following objects:
- To meet the Capital Expenditure
- To meet General Corporate Purposes
- 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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 with a total issue size of ₹49.26 crore. The Emerald Tyre Manufacturers IPO price band is ₹90 to 95 per share. The Emerald Tyre Manufacturers IPO subscription opens on Thu, Dec 5, 2024, and closes on Mon, Dec 9, 2024. The Emerald Tyre Manufacturers IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Emerald Tyre Manufacturers IPO.
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 per share.
Emerald Tyre Manufacturers IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
The minimum investment for Emerald Tyre Manufacturers IPO is ₹228000, based on one lot of 1200 shares at the upper price band of ₹95 per share.
Investors can apply for the Emerald Tyre Manufacturers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 9, 2024. The application amount remains blocked until the Emerald Tyre Manufacturers IPO allotment is finalized.
Emerald Tyre Manufacturers IPO issue size is ₹49.26 crores.
Emerald Tyre Manufacturers IPO allotment date is Wed, Jul 1, 2026.
The registrar for Emerald Tyre Manufacturers IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Emerald Tyre Manufacturers IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.