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Emerald Tyre Manufacturers Limited IPO

Emerald Tyre Manufacturers Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 180.50 (+90.00%)

Emerald Tyre Manufacturers Limited's achieved publicly listed status following its IPO debut on 12-12-2024 at the NSE platform. The offering successfully mobilized 51,85,200 Shares, with 46,86,000 Shares allocated to corporate growth initiatives and ₹1.89 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹90 to ₹95, starting from minimum lots of 1200 shares. The subscription window from 05-12-2024 through 09-12-2024 enabled investor participation across market segments.

Share allocation was completed on 10-12-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Emerald Tyre IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Emerald Tyre IPO Key Performance Indicator
Company Financials ( In Lakhs )

Emerald Tyre IPO About Company

Emerald Tyre Manufacturers Limited, incorporated in 2002, specializes in manufacturing and servicing a wide range of tyres under the brand "GRECKSTER," including Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims. The company exports its products to markets such as the USA, UAE, Russia, and European countries including Belgium, Germany, and Italy, supported by warehouses in Belgium, the UAE, and the USA for timely delivery and superior customer service. As of March 31, 2024, Emerald Tyre employs 224 permanent and 191 contractual staff, continuing to expand its footprint across Europe, the Middle East, and North America.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Emerald Tyre IPO Strength Factors

  1. Experienced Leadership: Skilled and committed management team driving strategic growth and operational efficiency.
  2. Advanced Manufacturing: State-of-the-art facilities producing a broad range of off-highway tyres.
  3. Diverse Offerings: Extensive product portfolio with customized solutions for varied customer requirements.

Emerald Tyre IPO Risk Factors

  1. Raw Material Price Volatility: Fluctuating costs may impact sales, profitability, and overall performance.
  2. Client Concentration Risk: Heavy dependence on a few key clients exposes the company to potential revenue loss.
  3. Supplier Dependence: Reliance on a limited set of suppliers could disrupt operations if supply is interrupted.

Emerald Tyre IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

Emerald Tyre IPO Promoter(s)

  1. Chandhrasekharan Trirupathi Venkatachalam

Emerald Tyre IPO Company Details

Emerald Tyre Manufacturers Limited
Phone:
address:

Emerald Tyre IPO Registrar

Ms Shanthi Gopalkrishnan
Name:
Phone:

Emerald Tyre IPO FAQs