Emerald Tyre Manufacturers SME IPO Overview
Emerald Tyre Manufacturers is set to raise ₹49.26 crores through a combination of a fresh issue (₹47.37 crores) and an offer for sale (₹1.89 crores).
Price Band: ₹90.00 - ₹95.00 per share
Lot Size: 1,200 shares (₹1,14,000 minimum investment)
Listing Platform: NSE SME
IPO Type: Book Build Issue
Important Dates for Emerald Tyre Manufacturers IPO
Company Overview
Emerald Tyre Manufacturers, incorporated in 2002, specializes in manufacturing and supplying a wide range of tyres for off-highway applications. The company serves diverse industries, including agriculture, mining, construction, and aviation ground support.
With a manufacturing capacity of 7,040 MT annually, Emerald Tyre exports its products to major markets like USA, UAE, Russia, Germany, and more.
- Experienced management team
- Customized product offerings
- Strong domestic and international market. - presence
- Diversified customer base
Financial Highlights
IPO Objectives
Emerald Tyre Manufacturers plans to utilize the IPO proceeds for:
Capital Expenditure to enhance manufacturing capacity.
General Corporate Purposes.
Offer Expenses.
Emerald Tyre Manufacturers IPO Grey Market Premium (GMP)
As of 5th December 2024, the IPO is commanding a strong GMP of ₹75, indicating high investor interest. The expected listing gain is approximately 78.95% based on current market sentiment.
Disclaimer -- GMP is not any recommendation for investment