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TCS, HDFCBANK, SBI Liquid Fund (G)
Emerald Tyre Manufacturers Ltd.

ETML

Equity

NSE

Min. Investment

90,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage67.6250.31
Share Capital97988289798828

Offer to Public

52,00,000.00 Cr

Project Details

  • Working Capital Requirements - 180cr
  • Capital Expenditure - 363.349cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202417,398.591,449.05892.85892.856.8047
202111,153.671,128.78892.85892.856.8047
202213,556.08656.05-330.28-330.28-3.2227
202314,976.88656.05892.85892.856.8047
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