Emerald Tyre Manufacturers IPO will be open on December 5, 2024. Today, we will share with you 10 important things about the company’s issues as follows:
1. Emerald Tyre Manufacturers IPO Open and closing date?
Emerald Tyre Manufacturers IPO’s open date is December 5, 2024, and the closing date is December 9, 2024.
2. What is the size of the Emerald Tyre Manufacturers IPO?
The company Emerald Tyre Manufacturers decided to raise around ₹49.26 crores via IPO that comprises fresh issue of ₹47.37 crores and offer for sale up to 199,200 equity shares with face value of ₹10 each.
3. What are the subscription details of the Emerald Tyre Manufacturers IPO?
The price band for the Emerald Tyre Manufacturers IPO is ₹90 to ₹95 per share. In this IPO, a total of 1200 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1200 shares in 1 lot size were available as well. Retail investors must make an investment of at least ₹114,000. While the S-HNI Minimum total of 2400 shares was available in 2 lot sizes, the small size for non-institutional investors must make an investment of at least ₹228,000.
4. What is the Emerald Tyre Manufacturers IPO listing Date?
Emerald Tyre Manufacturers is an NSE SME IPO whose shares will be listed on 12th December 2024 on the NSE (National Stock Exchange).
5. What are the objects of the Emerald Tyre Manufacturers IPO Issue?
The object of the Emerald Tyre Manufacturers IPO is to meet the Capital Expenditure, to meet General Corporate Purposes, and to complete Offer Expenses.
6. About Emerald Tyre Manufacturers
Emerald Tyre Manufacturers Limited was founded in 2002 with the business of producing, supplying, and servicing a variety of tires. They offer complete solutions through off-highway tire and wheel services and also have a mission of a customer-focused organization that prioritizes customer needs and continually works to increase value for all shareholders. Its financial background is overall good such as revenue of last 3 years increased, 17,196.84 lakhs in 2024, 16,798.10 lakhs in 2023, and 13,469.67 lakhs in 2022 respectively.
7. Emerald Tyre Manufacturers Financials
The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crores in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 crores in 2023.
8. Emerald Tyre Manufacturers IPO Promoters
The promoter of the company is Chandhrasekharan Trirupathi Venkatachalam.
9. Emerald Tyre Manufacturers IPO Risk Factors
- Pros.
- The company has had a good hold in the tire industry over the last two decades.
- Good potential as the company exports to various countries.
- Cons
- A large part of the company’s income comes from the tire industry. If this industry faces problems, it could affect the company’s financial results.
- The company falls in a highly competitive industry.
- Dependency on export business might cause issues over global fluctuations.
- Raw material price fluctuations may affect the profit.
10. Who are the Emerald Tyre Manufacturers IPO lead manager and registrar?
GYR Capital Advisors Private Limited is the lead manager of Emerald Tyre Manufacturers while Link Intime India Private Ltd is the registrar of the company.
