Emerald Tyre Manufacturers IPO Closed
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Schedule of Emerald Tyre Manufacturers
| Issue open date | 05 Dec 2024 |
| Issue close date | 09 Dec 2024 |
| UPI mandate deadline | 09 Dec 2024 (5 PM) |
| Allotment finalization | 10 Dec 2024 |
| Refund initiation | 10 Dec 2024 |
| Share credit | 11 Dec 2024 |
| Listing date | 12 Dec 2024 |
| Mandate end date | 24 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 09 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 10 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Emerald Tyre Manufacturers
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.
Financials of Emerald Tyre Manufacturers
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹49.26 crores |
| Fresh Issue | ₹47.37 crores |
| Offer for Sale | ₹1.89 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | 36.33 (76.69%) |
| General corporate purposes | 11.04 (23.31%) |
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.