Emerald Tyre Manufacturers Limited launched its IPO on December 5, 2024. This book-built issue aims to raise ₹49.26 crores. The issue size of Emerald Tyre Manufacturers IPO involves a combination of a fresh 49,86,000 Equity Shares and an Offer for Sale of Up to 1,99,200 Equity Shares. The shares are priced between ₹90 and ₹95 per share, with a minimum IPO lot size of 1,200 shares.
The Emerald Tyre Manufacturers IPO allotment is expected on December 10, 2024. This shall be followed by the IPO listing on NSE SME scheduled for December 12, 2024 (tentatively).
Step-by-Step Instructions to Apply for the Emerald Tyre Manufacturers IPO!
Emerald Tyre Manufacturers NSE SME IPO (Tentative Timeline)
Here’s a brief table showing the key details of the Emerald Tyre Manufacturers IPO:
| Key Detail | Information |
| Symbol | EMERALD |
| IPO Opening Date | December 5, 2024 |
| IPO Closing Date | December 9, 2024 |
| Listing Date | December 12, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹90 to ₹95 per share |
| Minimum Order Quantity | 1200 Equity Shares |
| Total Issue Size | 51,85,200 Equity Shares |
| IPO Segment | Book Built Issue IPO |
| Book Running Lead Managers | GYR Capital Advisors Pvt Ltd |
| Registrar | Link Intime India Pvt Ltd. |
| Listing At | NSE SME |
Emerald Tyre Manufacturers Limited IPO is live! Apply now with a free demat account!
Brief Company Overview- Emerald Tyre Manufacturers Limited
Founded in 2002, Emerald Tyre Manufacturers specialises in manufacturing, supplying, and servicing a wide range of tyres marketed under the brand name “GRECKSTER”. Their products include:
- Solid Resilient tyres
- Press Bands
- Industrial Pneumatic Tyres & Butyl Tubes & Flaps
- Wheel Rims
The company exports its products globally. They serve markets in the USA, UAE, Russia, and major European countries, including Belgium, Germany, and Italy.
Emerald Tyre Manufacturers IPO: Key Details
- Emerald Tyre Manufacturers IPO Launch Date: December 5, 2024
- Emerald Tyre Manufacturers IPO Closing Date: December 9, 2024
- Emerald Tyre Manufacturers IPO Allotment Date: December 10, 2024
- Emerald Tyre Manufacturers IPO Price Band: ₹90 to ₹95 per share
- Emerald Tyre Manufacturers IPO Lot Size: 1,200 shares
- Emerald Tyre Manufacturers IPO Face Value: ₹10 per share
- Shares Credited to Demat: December 11, 2024
- Listing Date: December 12, 2024
Emerald Tyre Manufacturers Limited IPO: Financial Overview
Emerald Tyre Manufacturers has shown steady growth over the years. Their revenue increased by 2.37%, and their profit grew by 36% from 2023 to 2024.
Amount in ₹ Lakhs
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) | Reserves and Surplus (₹ Lakhs) | Total Borrowing (₹ Lakhs) |
| 31 Jul 2024 | 18,190.29 | 6,492.75 | 413.64 | 5,813.80 | 4,364.75 | 8,750.18 |
| 31 Mar 2024 | 17,393.60 | 17,196.84 | 1,214.32 | 5,397.59 | 3,948.54 | 8,718.28 |
| 31 Mar 2023 | 14,976.86 | 16,798.10 | 892.85 | 3,698.84 | 3,042.79 | 8,466.40 |
| 31 Mar 2022 | 13,556.09 | 13,469.67 | 484.62 | 2,897.44 | 2,241.39 | 7,504.59 |
Analysis of Emerald Tyre Manufacturers’ IPO
Emerald Tyre Manufacturers has a solid growth record and a global presence. The company’s growth is largely driven by the expanding global market for tyres, particularly in the material handling and industrial sectors.
FAQs – Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers specializes in manufacturing and exporting a wide range of tyres, including solid tyres, pneumatic tyres, and wheel rims.
The Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024.
The minimum IPO lot size for Emerald Tyre Manufacturers is 1,200 shares.
The tentative IPO allotment date of Emerald Tyre Manufacturers is December 10, 2024.
You can check the allotment status on the registrar, i.e., Link Intime India Pvt Ltd’s website.
The price band of Emerald Tyre Manufacturers IPO is ₹90 to ₹95 per share.
The tentative listing date of the Emerald Tyre Manufacturers IPO is December 12, 2024.
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