Emerald Tyre Manufacturers IPO

Emerald Tyre Manufacturers Limited IPO Overview:
Emerald Tyre Manufacturers Limited, established in 2002, is launching a ₹49.26 crore IPO with a price band of ₹90-₹95 per share. The IPO includes a fresh issue worth ₹47.37 crore and an offer for sale worth ₹1.89 crore. The company, known for its brand “GRECKSTER,” specializes in tyres, tubes, and wheel rims, exporting to markets like the USA, UAE, and Europe. Funds raised will be used for capital expenditure, corporate purposes, and offer expenses. With warehouses in Belgium, UAE, and the USA, the company offers efficient delivery, catering to global demands. The IPO lists on NSE SME on December 12, 2024.

Emerald Tyre Manufacturers Limited IPO Details

Emerald Tyre Manufacturers Limited, a leading tyre manufacturer and exporter, is launching its IPO. Below are the details:

IPO Highlights

IPO Size: ₹49.26 Crores
- Fresh Issue: ₹47.37 Crores (4,986,000 shares)
- Offer for Sale (OFS): ₹1.89 Crores (199,200 shares)
IPO Price Band: ₹90 to ₹95 per share
Lot Size:1,200 Shares
- Minimum Retail Investment: ₹1,14,000
- Minimum HNI Investment: ₹2,28,000 (2 lots)
Issue Type: Book Built Issue IPO
Face Value: ₹10 per share
Market Maker Portion: 300,000 Shares (Managed by Giriraj Stock Broking)

Key Dates

Opening Date: December 5, 2024
Closing Date: December 9, 2024
Allotment Finalization Date: December 10, 2024
Listing Date: December 12, 2024 (Tentative)
Listing Platform: NSE SME

About the Company

Incorporation Year: 2002
Brand Name: GRECKSTER
Core Products:
- Solid Resilient Tyres
- Press Bands
- Industrial Pneumatic Tyres
- Butyl Tubes & Flaps
- Wheel Rims
Export Markets:
- USA, UAE, Russia, UK
- European Countries: Belgium, Germany, Netherlands, Hungary, Portugal, Italy, Denmark, Poland
Global Warehouses: Located in Belgium, UAE, and USA, ensuring on-time delivery and value-added services.

Objects of the Issue

The funds raised through this IPO will be utilized for:

Capital Expenditure to support the company’s growth and expansion plans.
General Corporate Purposes.
Offer Expenses related to the IPO process.

Pre-Issue & Post-Issue Shareholding

Pre-Issue Shareholding: 14,490,512 shares
Post-Issue Shareholding: 19,476,512 shares

Key Insights

Global Reach: Emerald Tyre Manufacturers exports its products to major international markets, showcasing strong international demand.
Diverse Product Portfolio: Its extensive product range caters to industrial and commercial tyre segments, ensuring diversified revenue streams.
Warehousing Advantage: Strategic warehouse locations enhance customer satisfaction through timely deliveries.

Investors keen on participating in this IPO must analyze its valuation, growth prospects, and financials in detail. The company’s established brand, international presence, and focus on capital expansion signal promising opportunities in the niche tyre manufacturing industry.

10 FAQs for Emerald Tyre Manufacturers IPO

What is the IPO size?
The IPO size is ₹49.26 crore, comprising a ₹47.37 crore fresh issue and ₹1.89 crore offer for sale.
What is the IPO price band?
The price band is ₹90 to ₹95 per share.
What is the minimum investment?
The minimum investment for retail investors is ₹1,14,000 (1 lot of 1,200 shares).
When does the IPO open and close?
The IPO opens on December 5, 2024, and closes on December 9, 2024.
What is the purpose of the IPO?
Funds will be used for capital expenditure, general corporate purposes, and IPO expenses.
Where will the IPO be listed?
The IPO will be listed on NSE SME.
What is the company’s main business?
Emerald Tyre manufactures tyres, press bands, industrial pneumatic tyres, and wheel rims under the “GRECKSTER” brand.
Which markets does the company serve?
Emerald Tyre exports to the USA, UAE, Russia, UK, and European countries like Germany and Belgium.
What are the allotment and listing dates?
The allotment date is December 10, 2024, and the tentative listing date is December 12, 2024.
Who is the market maker for this IPO?
Giriraj Stock Broking is the market maker for this IPO.