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EMERALD TYRE MANUFACTURERS LIMITED IPO

·       Emerald Tyres IPO Details

Issue Type: Book Built Issue
Fresh Offer Size (By No. of Shares): 50,00,000
OFS (By No. of Shares): 2,00,000
Face Value: ₹ 10
Issue Size: ₹ 49.26 crores
IPO Date: 5 Dec 2024 to 9 Dec 2024
Price Band: ₹ 90 to ₹ 95 per share
Lot Size: 1200 shares

·       About the company

The company was established on March 2007 as ‘Emrald Resilient Tyre Manufactures Private Limited’ under the Companies Act, 1956. Later the company name was changed to “Emerald Resilient Tyre Manufacturers Private Limited” on July 2018. The company was converted into Public Limited Company on November 2023.On January 2024 the company got a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu under the name of “Emerald Tyre Manufacturers Limited”. The company has two subsidiaries they are:

1.   Emrald Tyres Europe BV

2.   Emrald Middle East FZE

·       Emerald Tyres Business

The Company is engaged in the business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements , lawn and garden mowers, mining equipment, aerial work platform trucks , backhoe loaders etc.

The company has a manufacturing unit at EPIP Zone SIPCOT Industrial Complex Gummudipoondi, Tiruvallur District Tamil Nadu. It has an installed production capacity of 7040 MT of tyres, tubes and wheels. The company sells its products under the brand name “GRECKSTER”.

 

·       Key Management of Emerald Tyres

1.       V T Chandrasekharan - Chairman and Managing Director

2.       Krishnaram V - CEO

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