Emerald Tyre Manufacturers
IPO Timeline
Issue open date
5 Dec 2024Issue close date
9 Dec 2024UPI mandate deadline
9 Dec 2024Allotment finalization
10 Dec 2024Refund initiation
10 Dec 2024Share credit
11 Dec 2024Listing date
12 Dec 2024Mandate end date
24 Dec 2024Lock-in end date for anchor investors (50%)
9 Jan 2025Lock-in end date for anchor investors (remaining)
10 Mar 2025Key Dates
Quick Stats
About the Company
Incorporated in 2002, 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.
Strengths
- Experienced management ensures efficient operations and strategic decisions.
- Advanced facility offers flexibility and high-quality production.
- Comprehensive tire range caters to diverse equipment needs.
- Global exports reduce market dependency and ensure demand stability.
- Adherence to international standards guarantees premium product quality.
- Strategic international subsidiaries enhance service and OEM reach.
- Customer-focused solutions build loyalty and brand trust.
Risks
- Volatile raw material prices impact costs and profitability.
- Heavy reliance on key clients for revenue generation.
- 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.
Emerald Tyre Manufacturers IPO – Frequently Asked Questions
- The price band for the Emerald Tyre Manufacturers IPO is set at ₹90 to ₹95 per share.
- The Emerald Tyre Manufacturers IPO opens on December 5, 2024 and closes on December 9, 2024.
- The tentative listing date for the Emerald Tyre Manufacturers IPO is December 12, 2024.
- You can apply for the Emerald Tyre Manufacturers IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Emerald Tyre Manufacturers, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Emerald Tyre Manufacturers IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).