Emerald Tyre Manufacturers IPO
- IPO Date05 Dec, 2024 to 09 Dec, 2024
- Listing Date12 Dec, 2024
- Face Value₹10 per share
- Issue Price₹90 to ₹94 per share
- Lot Size1200 Shares
- Minimum Investment₹1,12,800
- Listing AtNSE SME
- Total Issue Size51,85,200 Shares
(aggregating up to ₹48.74 Cr) - Fresh Issue49,86,000 Shares
(aggregating up to ₹46.87 Cr)
- Offer for Sale1,99,200 Shares
(aggregating up to ₹1.87 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,44,90,512
- Shareholding post issue1,94,76,512
IPO Dates
Closing Date
09 Dec, 2024
Initiation of Refunds
11 Dec, 2024
Listing Date
12 Dec, 2024
05 Dec, 2024
Opening Date
10 Dec, 2024
Basis of Allotment
11 Dec, 2024
Credit of Shares
Emerald Tyre Manufacturers Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,14,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2400 | ₹2,28,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,14,000 |
Emerald Tyre Manufacturers Promoter Holding
Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 67.62% | - |
Emerald Tyre Manufacturers COMPANY INFORMATION
Emerald Tyre Manufacturers IPO is a book built issue of Rs 49.26 crores. The issue is a combination of fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores. Emerald Tyre Manufacturers IPO opens for subscription on December 5, 2024 and closes on December 9, 2024. The allotment for the Emerald Tyre Manufacturers IPO is expected to be finalized on Tuesday, December 10, 2024. Emerald Tyre Manufacturers IPO will list on NSE SME with tentative listing date fixed as Thursday, December 12, 2024. Emerald Tyre Manufacturers IPO price band is set at ₹90 to ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000. GYR Capital Advisors Private Limited is the book running lead manager of the Emerald Tyre Manufacturers IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Emerald Tyre Manufacturers IPO is Giriraj Stock Broking. Refer to Emerald Tyre Manufacturers IPO RHP for detailed information.
Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name "GRECKSTER".
Emerald Tyre Manufacturers products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & Flaps and Wheel Rims.
The company's products are being exported to global markets including, the USA, UAE, Russia, and major European Countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. The company also has warehouses located in Belgium, UAE and the USA providing on-time delivery of products and value-added services to customers across Europe, the Middle East and now in North America.
As of March 31 2024, The company had 224 permanent and 191 contractual employees.
Competitive Strength:
- Experienced and dedicated management team
- Manufacturing Facility to handle a wide range of off Highway Tyres
- Wide product range and customized product offering
- Diverse Customer Base
- Qualitative Products
Emerald Tyre Manufacturers IPO
IPO Overview and Key Highlights
Emerald Tyre Manufacturers, a leading company in the tyre manufacturing sector, is launching its Initial Public Offering (IPO). The offer includes a fresh issue of up to 49,86,000 equity shares and an Offer for Sale (OFS) of 1,99,200 equity shares, making a total of 51,85,200 equity shares at a face value of Rs 10 each. The IPO aims to raise funds for working capital, business expansion, and other corporate purposes. Shares are proposed to be listed on the NSE Emerge Platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 51,85,200 equity shares
- Fresh Issue Size: 49,86,000 equity shares
- Offer for Sale (OFS): 1,99,200 equity shares
- Face Value: Rs 10 per share
- Offer Opens: December 5, 2024
- Offer Closes: December 9, 2024
- Listing Exchange: NSE Emerge Platform
Company Overview
Founded in 2002 and headquartered in Tamil Nadu, Emerald Tyre Manufacturers specializes in manufacturing resilient tyres, focusing on durability and innovation. The company has expanded its operations to cater to domestic and international markets. Promoter Chandhrasekharan Thirupathi Venkatachalam has driven the company’s success through his leadership and vision.
Financial Overview
Emerald Tyre Manufacturers has displayed steady growth in revenue and profits over the years. The IPO proceeds will enhance the company’s ability to expand manufacturing capacity, improve operational efficiency, and strengthen financial stability.
Key Strengths of Emerald Tyre Manufacturers
- Sector Expertise: Over two decades of experience in tyre manufacturing.
- Innovative Product Line: Focus on resilient and eco-friendly tyre solutions.
- Export-Oriented: Significant presence in international markets?.
IPO Pros and Cons
Pros
- Growing Industry: Increasing demand for durable and specialized tyres.
- Expansion Opportunities: Funds will support growth and enhance production capabilities.
- Established Reputation: Strong presence in the tyre industry, catering to diverse clients.
Cons
- Market Sensitivity: Revenue depends on the automotive and industrial sectors.
- Regulatory Risks: Compliance with environmental and industrial regulations.
- First Public Issue: Potential uncertainty in stock market performance post-listing.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Dependent on market trends and industrial production.
- Raw Material Costs: Fluctuations in rubber prices could affect profitability.
- Competitive Market: Faces competition from established tyre manufacturers.
Conclusion
The Emerald Tyre Manufacturers IPO presents a strong opportunity to invest in a resilient and innovative tyre manufacturing company. With a solid market presence and focus on growth, the company is well-positioned for success. However, potential investors should carefully assess risks such as market dependency and regulatory compliance before investing.
FAQs About Emerald Tyre Manufacturers Ipo
Emerald Tyre Manufacturers IPO will open on 05 Dec, 2024 and close on 09 Dec, 2024. Investors must apply within this period to participate.
The Emerald Tyre Manufacturers IPO price band is set between ₹90.00 and ₹94.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹112800.00.
The Emerald Tyre Manufacturers IPO shares are expected to be listed on 12 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Emerald Tyre Manufacturers IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Emerald Tyre Manufacturers IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.