Emerald Tyre Manufacturers IPO GMP Today, Date, Price, Subscription Status 

Emerald Tyre Manufacturers IPO Overview

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.

Emerald Tyre Manufacturers IPO Important dates

Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024.

IPO Open Date	Thursday, December 5, 2024
IPO Close Date	Monday, December 9, 2024
Basis of Allotment	Tuesday, December 10, 2024
Initiation of Refunds	Tuesday, December 10, 2024
Credit of Shares to Demat	Wednesday, December 11, 2024
Listing Date	Thursday, December 12, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 9, 2024

Emerald Tyre Manufacturers IPO Financial Performance

Emerald Tyre Manufacturers Limited’s revenue increased by 2.37% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

Emerald Tyre Manufacturers IPO Key Performance Indicator

The market capitalization of Emerald Tyre Manufacturers IPO is Rs 185.03 Cr.

KPI as of March 31, 2024.

Emerald Tyre Manufacturers IPO Objectives

The Company proposes to utilize the funds which are being raised towards funding the following objects:

1. To meet the Capital Expenditure
2. To meet General Corporate Purposes
3. To meet Offer Expenses

Emerald Tyre Manufacturers IPO 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	₹114,000
Retail (Max)	1	1200	₹114,000
HNI (Min)	2	2,400	₹228,000

Emerald Tyre Manufacturers IPO Details

IPO Date	December 5, 2024 to December 9, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹90 to ₹95 per share
Lot Size	1200 Shares
Total Issue Size	5,185,200 shares (aggregating up to ₹49.26 Cr)
Fresh Issue	4,986,000 shares (aggregating up to ₹47.37 Cr)
Offer for Sale	199,200 shares of ₹10 (aggregating up to ₹1.89 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	14,490,512
Share holding post issue	19,476,512
Market Maker portion	300,000 shares

Emerald Tyre Manufacturers Company Overview and Services

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:

1. Experienced and dedicated management team
2. Manufacturing Facility to handle a wide range of off Highway Tyres
3. Wide product range and customized product offering
4. Diverse Customer Base
5. Qualitative Products

Emerald Tyre Manufacturers IPO SWOT Analysis

Strengths

• Experienced Management Team: The company has a seasoned management team with a proven track record in the tyre manufacturing industry.
• Diversified Product Portfolio: Emerald Tyre Manufacturers offers a diverse range of products, including solid resilient tyres, press bands, industrial pneumatic tyres, butyl tubes, flaps, and wheel rims.
• Strong Domestic Presence: The company has a strong presence in the domestic market and a well-established distribution network.
• Growth Potential: The Indian tyre industry is growing rapidly, driven by increasing demand from various sectors such as automotive, construction, and agriculture.

Weaknesses

• Smaller Scale of Operations: Compared to larger tyre manufacturers, Emerald Tyre Manufacturers is a relatively smaller player in the industry.
• Reliance on a Few Key Customers: The company’s revenue is concentrated among a few key customers, which could pose risks if these relationships deteriorate.
• Exposure to Raw Material Price Fluctuations: The company’s profitability is susceptible to fluctuations in raw material prices, such as rubber and steel.

Opportunities

• Expanding Export Markets: The company can explore new export markets to diversify its revenue streams and reduce dependence on the domestic market.
• Product Innovation: Investing in research and development to introduce innovative products can help the company gain a competitive edge.
• Acquisitions and Strategic Partnerships: Strategic acquisitions or partnerships can help the company expand its product range, distribution network, and market reach.

Threats

• Intense Competition: The tyre industry is highly competitive, with both domestic and international players vying for market share.
• Economic Slowdown: A slowdown in the economy can negatively impact demand for tyres, affecting the company’s revenue and profitability.
• Regulatory Changes: Changes in government regulations, such as stricter emission norms or import duties, can impact the company’s operations.

Overall, Emerald Tyre Manufacturers IPO presents an opportunity for investors to participate in the growth of the Indian tyre industry. However, investors should carefully consider the company’s strengths, weaknesses, opportunities, and threats before making an investment decision.

Emerald Tyre Manufacturers IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Emerald Tyre Manufacturers IPO Subscription Status 

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included to NII/HNI.

Emerald Tyre Manufacturers IPO Allotment status 

The allotment status of Emerald Tyre Manufacturers IPO is expected to be available on December 10, 2024.

Emerald Tyre Manufacturers IPO allotment status is not available at this time. Emerald Tyre Manufacturers IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Emerald Tyre Manufacturers Limited IPO allotment status.

To check Emerald Tyre Manufacturers IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to emerald.ipo@linkintime.co.in.

Emerald Tyre Manufacturers IPO Contact Details

Emerald Tyre Manufacturers Limited
Emerald House, Plot No.2
Second Street, Porur Gardens, Phase-I,
Vanagaram, Tiruvallur, Poonamallee, 600095
Phone: 9043063194
Email: cosec@emeraldtyres.com
Website: https://emeraldtyres.com/about-emerald/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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