Emerald Tyre IPO GMP, Review, Price, Allotment

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Emerald Tyre IPO GMP

Emerald Tyre IPO description – Established in 2002, Emerald Tyre specializes in manufacturing, supplying, and servicing a comprehensive selection of tires tailored for material handling applications. This includes options for forklifts, skid loaders, airport ground support equipment, port trailers, agricultural implements, lawn and garden mowers, mining machinery, aerial work platforms, and backhoe loaders, among others. The company has established a strong reputation in both domestic and international markets under the brand name “GRECKSTER,” boasting over two decades of experience in the global industry.

The company boasts a strong market position in the off-highway tire manufacturing industry, with its production facility located in Tiruvallur, Tamil Nadu. This facility spans an area of 10.05 acres and houses an installed production capacity of 7,040 metric tons of tires, tubes, and wheels. As of 30 November 2023, Emerald Tyre employed 225 permanent employees and 191 contractual employees.

Emerald Tyre exports its products to various global markets. These include the USA, the UAE, Russia, and major European countries such as Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, and Poland. The company’s products are also shipped to the UK.

Emerald Tyre Manufacturers

Promoters of Emerald Tyre Manufacturers – Chandhrasekharan Thirupathi Venkatachalam


Emerald Tyre IPO Details

Emerald Tyre IPO Dates5 – 9 December 2024
Emerald Tyre Issue PriceINR 90 – 95 per share
Fresh issue49,86,000 shares (INR 44.87 – 47.37 crore)
Offer For Sale1,99,200 shares (INR 1.79 – 1.89 crore)
Total IPO size51,85,200 shares (INR 46.67 – 49.26 crore)
Minimum bid (lot size)1,200 shares (INR 1,14,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Emerald Tyre Financial Performance

 FY 2022FY 2023FY 2024
Revenue133.64163.94170.99
Expenses128.24155.97155.82
Net income4.858.9312.24
Figures in INR Crores unless specified otherwise

Emerald Tyre Offer News


Emerald Tyre Valuations & Margins

FY 2022FY 2023FY 2024
EPS3.796.808.71
PE ratio10.33 – 10.90
RONW (%)16.7324.1422.63
NAV22.0828.1937.31
ROCE (%)9.5714.1815.84
EBITDA (%)11.4714.2217.28
Debt/Equity 2.592.291.61
*Compiled by IPO Central from Prospectus

Emerald Tyre IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
3 December 20243816,000
2 December 20241516,000
30 November 20241516,000

Emerald Tyre IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.


Emerald Tyre IPO Allotment Status

Emerald Tyre IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


Emerald Tyre IPO Dates & Listing Performance

IPO Opening Date5 December 2024
IPO Closing Date9 December 2024
Finalization of Basis of Allotment10 December 2024
Initiation of refunds11 December 2024
Transfer of shares to demat accounts11 December 2024
IPO Listing Date12 December 2024
Opening Price on NSE SMEComing soon
Closing Price on NSE SMEComing soon

Emerald Tyre Offer Lead Manager

GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email[email protected]
Website: www.gyrcapitaladvisors.com


Emerald Tyre Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


Emerald Tyre Manufacturers IPO Contact Details

EMERALD TYRE MANUFACTURERS LIMITED
Emerald House, Plot No.2, Second Street,
Porur Gardens, Phase-I, Vanagaram, Tiruvallur,
Poonamallee, Tamil Nadu, India, 600095
Phone: +91 9043063194
E-mail: [email protected]
Website: www.emeraldtyres.com


Emerald Tyre Manufacturers IPO FAQs

What is the Emerald Tyre offer size?

Emerald Tyre offer size is INR 46.67 – 49.26 crores.

What is the Emerald Tyre offer price band?

Emerald Tyre public offer price is INR 90 – 95 per share.

What is the lot size of the Emerald Tyre IPO?

Emerald Tyre offer a lot size is 1,200 shares.

What is Emerald Tyre IPO GMP today?

Emerald Tyre IPO GMP today is INR 38 per share.

What is the Emerald Tyre kostak rate today?

Emerald Tyre kostak rate today is INR NA per application.

What is Emerald Tyre Subject to the Sauda rate today?

Emerald Tyre is Subject to the Sauda rate today is INR 16,000 per application.

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