Emerald Tyre Manufacturers Limited
CLOSEDIPO Date: 5 Dec - 9 Dec 2024
Listing Date: 12 Dec 2024
Price Range
Rs.90 to Rs.95
Issue Size
49.26 Cr
Min Investment
₹1,08,000
Lot Size
1200 Shares
Schedule of Emerald Tyre Manufacturers Limited
Issue open date
5 Dec 2024
Issue close date
9 Dec 2024
UPI mandate deadline
9 Dec 2024 (5 PM)
Allotment finalization
10 Dec 2024
Share credit
11 Dec 2024
Listing date
12 Dec 2024
Mandate end date
24 Dec 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 49.26 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Dec 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 18 Dec 2024 | ₹95 | ₹90 | ₹185 (95%) |
Performance Emerald Tyre Manufacturers Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.90 to Rs.95 | .... | ₹ 200 | 110.53% |
About Emerald Tyre Manufacturers Limited
Emerald Tyre Manufacturers Limited manufactures, supplies, and services a comprehensive range of tyres for material handling applications such as forklifts, skid loaders, airport ground support equipment, port trailers, agricultural implements, lawn and garden mowers, mining equipment, aerial work platforms, and backhoe loaders. Operating under the brand name “GRECKSTER,” it has established a strong presence in both domestic and global markets for over two decades. The manufacturing facility, located at SIPCOT Industrial Complex, Gummidipoondi, Tamil Nadu, spans 10.05 acres with an installed production capacity of 10,560 MT of tyres, tubes, and wheels. The facility is designed with the flexibility to meet diverse market demands and caters to a wide range of off-highway tyre requirements.
| Founded in | 2002 |
| Managing director | Mr. Chandhrasekharan Thirupathi Venkatachalam |
| Parent organization | Emerald Tyre Manufacturers Ltd |
Financial Overview
Strengths
- Emerald Tyre Manufacturers has an annual production capacity of 10560 metric tonnes of tyres tubes and wheels.
- The company’s products are exported to international markets including the USA UAE Russia and several European countries such as Belgium Germany the Netherlands Hungary Portugal Italy Denmark Poland and the UK.
- Strategic international subsidiaries enhance service and OEM reach.
- Customer-focused solutions build loyalty and brand trust.
Risks
- The uninterrupted operation of the company’s manufacturing facilities in Tamil Nadu is critical to its success. Any disruptions at these facilities could create significant challenges and negatively impact business continuity financial performance and overall operations.
- Limited liquidity risks for newly listed equity shares.
- Intense competition affects market share and profitability.
- Non-compliance with regulations could harm operations and reputation.
- Economic downturns or tensions impact product demand adversely.
- Crude oil price volatility raises production cost risks.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.52 |
| Non-Institutional Investors (NIIs) | 42.6 |
| Retail Individual Investors (RIIs) | 69.16 |
| Employee | N/A |
| Total | 44 |