Emerald Tyre Manufacturers Limited is gearing up to launch its IPO from December 5 to December 9, 2024, aiming to raise ₹49.26 crores. The IPO includes a fresh issue of ₹47.37 crores and an offer for sale worth ₹1.89 crores, with a price band of ₹90 to ₹95 per share. With a minimum investment of ₹1,08,000 for 1,200 shares, this IPO is worth analyzing for both seasoned and first-time investors.
Emerald Tyre Manufacturers Limited: A Trusted Name in Tyre Manufacturing
Established in 2002, Emerald Tyre Manufacturers Limited has carved a niche in the tyre industry, specializing in off-highway tyres under the trusted “GRECKSTER” brand. Their manufacturing facility in Tiruvallur, Tamil Nadu, spans 10.05 acres, with an installed capacity of 7,040 metric tons annually.
Emerald Tyres Share Price: Why Investors Should Take Note
The price band for the Emerald Tyre Manufacturers IPO is set at ₹90 to ₹95 per share, making it a compelling entry point for investors interested in the SME sector.
Key strengths of Emerald Tyre Manufacturers Limited:
- Global Reach: Exporting to over 15 countries, ensuring a strong market presence.
- Diverse Applications: Specialized tyres for forklifts, skid loaders, and agricultural machinery.
- Strong Financial Performance: Consistently growing revenue and profits.
Emerald Tyre Manufacturers IPO Date and Key Details
| Details | Information |
|---|---|
| IPO Open Date | December 5, 2024 |
| IPO Close Date | December 9, 2024 |
| Price Band | ₹90 to ₹95 per share |
| Lot Size | 1,200 shares (Minimum investment: ₹1,08,000) |
| Total IPO Size | ₹49.26 crores |
| Fresh Issue | ₹47.37 crores |
| Offer for Sale | ₹1.89 crores |
| Listing Venue | NSE SME |
Emerald Tyre Manufacturers IPO Price Band Analysis
The IPO price band of ₹90 to ₹95 per share positions Emerald Tyre Manufacturers Limited as a competitive player in the SME sector, attracting both retail and institutional investors.
Emerald Tyre Manufacturers IPO Review: Financial Performance
The financials of Emerald Tyre Manufacturers Limited demonstrate steady growth:
| Financial Year | Revenue (₹ crores) | Net Profit (₹ crores) |
|---|---|---|
| FY 2022 | 133.64 | 4.85 |
| FY 2023 | 163.94 | 8.93 |
| FY 2024 | 170.99 | 12.24 |
This strong performance highlights the company’s potential, making the Emerald Tyre Manufacturers IPO an attractive investment option.
Suraksha Diagnostic IPO GMP vs. Emerald Tyre Manufacturers IPO
While the Suraksha Diagnostic IPO GMP reflects growth in the healthcare sector, Emerald Tyre Manufacturers Limited dominates the industrial and off-highway tyre market. Investors looking for diversification in the SME segment may find Emerald Tyres share price more aligned with their goals.
Why Consider the Emerald Tyre Manufacturers IPO?
Here’s why the Emerald Tyre Manufacturers IPO review is positive:
- Strong Brand Recognition: The “GRECKSTER” brand is synonymous with quality.
- Diverse Product Range: From industrial to agricultural tyres, their portfolio is impressive.
- Global Presence: With operations in over 15 countries, the company ensures timely delivery through strategically placed warehouses.
Emerald Tyre Manufacturers IPO Price and Risks
The Emerald Tyre Manufacturers IPO price is reasonable for a growing company. However, investors should consider:
- Market Competition: Facing established global brands.
- Sector Dependency: Relies heavily on industrial and agricultural sectors.
Despite these risks, the financial stability and growth trajectory make Emerald Tyre Manufacturers Limited a promising prospect.
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Frequently Asked Questions
The price band is set at ₹90 to ₹95 per share.
The minimum investment is ₹1,08,000 for 1,200 shares.
The IPO opens on December 5, 2024, and closes on December 9, 2024.
The total IPO size is ₹49.26 crores.
The shares will be listed on the NSE SME platform.
