IPO Details
Bidding Dates
05 Dec 24 - 09 Dec 24
Price Range ₹
90 - 95
Total Equity
₹ 49.40Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
05 Dec 2024
Offer end
09 Dec 2024
Allotment
10 Dec 2024
Refund initiation
10 Dec 2024
Demat transfer
11 Dec 2024
Listing
12 Dec 2024
Offer start
05 Dec 2024
Offer end
09 Dec 2024
Allotment
10 Dec 2024
Refund initiation
10 Dec 2024
Demat transfer
11 Dec 2024
Listing
12 Dec 2024
About Company
Emerald Tyre Manufacturers, established in 2002, specializes in the production, supply, and servicing of a diverse range of tyres under the brand name "GRECKSTER." The company's product portfolio includes Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims. Emerald Tyre Manufacturers exports its products to various international markets, including the USA, UAE, Russia, and key European countries such as Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK. To ensure timely delivery and enhanced customer service, the company operates warehouses in Belgium, the UAE, and the USA, catering to customers across Europe, the Middle East, and North America. As of March 31, 2024, the company employed 224 permanent staff members and 191 contractual workers.
Year Founded
27-03-2002
Promotor Details
Chandhrasekharan Thirupathi Venkatachalam
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 67.62 | 50.31 |
| Share Capital | 9798828 | 9798828 |
Offer to Public
52,00,000.00 Cr
Project Details
- Capital Expenditure - 363.349cr
- Working Capital Requirements - 180cr
Objectives
- To meet out the Capital Expenditure
- To meet General Corporate Purposes
- andTo meet out Offer Expenses.
Highlights
- Ensures efficient operations and strategic decision-making.
- Offers flexibility and high-quality production capabilities.
- Caters to diverse equipment needs, enhancing market reach.
- Reduces market dependency through exports and strategic international subsidiaries.
- Adheres to international standards, ensuring premium product quality and customer satisfaction.
Challenges
- Fluctuations impact costs and profitability.
- Heavy reliance on key clients poses revenue risks.
- Affects market share and profit margins.
- Non-compliance could harm operations and reputation.
- Downturns or tensions can reduce product demand.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 11,153.67 | 1,128.78 | 1,223.57 | 1,223.57 | 8.4439 |
| 2023 | 14,976.88 | 656.05 | 892.85 | 892.85 | 6.8047 |
| 2022 | 13,556.08 | 656.05 | 892.85 | 892.85 | 6.8047 |
| 2024 | 17,398.59 | 1,449.05 | -330.28 | -330.28 | -3.2227 |
