Emerald Tyre Manufacturers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹95
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,14,000
Issue Size
₹49.26 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Emerald Tyre Manufacturers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
67.62%
Promoter Holding (Post-Issue)
50.31%
Issue Type
Book Building - SME
ISIN
INE0RHD01013
About the Company
Emerald Tyre Manufacturers Ltd 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 being incorporated in the year 2002, has a presence in the Domestic market as well as Global market for more than two decades. Pursuant to the strong market position in off highway tyre manufacturing industry, its manufacturing unit is operational at Plot No.79 & 80, EPIP Zone SIPCOT Industrial Complex Gummudipoondi, Tiruvallur District Tamil Nadu 601201 spread over 10.05 acres. The Company has an installed production capacity of 3522 MT of tyres, tubes and wheels (Not annualised). Its product range covers a wide range of off highway tyres. The Company has the flexibility in its manufacturing facility to address market requirements.
Industry Overview
The company operates in Off Highway Tyres (OHT) manufacturing, contributing significantly to the global market. The Off Highway Tyre (OHT) manufacturing industry continues to demonstrate its resilience and importance, backed by statistical data from the previous year. In 2023, the global OHT tyre market witnessed significant growth, with a notable increase in demand driven by infrastructure projects, mining activities, and agricultural mechanization. According to industry reports, the market experienced a robust compound annual growth rate (CAGR) of over 8% during the fiscal year. On a regional level, various countries, including India, China, the United States, and Brazil, emerged as key contributors to this growth, each witnessing substantial expansion in their respective OHT tyre markets. India, in particular, showcased remarkable growth, fuelled by government initiatives aimed at enhancing infrastructure and accelerating industrial development. This statistical data underscores the industry's vitality and underscores its pivotal role in supporting critical sectors worldwide. As we look ahead, the OHT tyre manufacturing industry remains poised for further growth and innovation, driven by evolving market dynamics and a relentless commitment to meeting the demands of off-road applications across the globe.
Company History
Emerald Tyre Manufacturers Limited was originally incorporated as "Emrald Resilient Tyre Manufactures Private Limited" a private limited company under the Companies Act, 1956 with the Registrar of Companies ("ROC"), Tamil Nadu pursuant to Certificate of Incorporation dated March 27, 2002. Thereafter, the name of the Company was changed from "Emrald Resilient Tyre Manufactures Private Limited" to "Emerald Resilient Tyre Manufacturers Private Limited" vide special resolution passed by the members at the Extra-ordinary General Meeting held on July 16, 2018. Subsequently, the company was converted into Public Limited Company and name of company was changed from "Emerald Resilient Tyre Manufacturers Private Limited" to "Emerald Resilient Tyre Manufacturers Limited" pursuant to a special resolution passed by our shareholders at the Extra Ordinary General Meeting held on November 25, 2023, and a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu dated December 22, 2023. Thereafter, the name of the Company was changed from "Emerald Resilient Tyre Manufacturers Limited" to "Emerald Tyre Manufacturers Limited" vide special resolution passed by the members at the Extra-ordinary General Meeting held on January 11, 2024. The CIN of the Company is U25111TN2002PLC048665.
Products & Services
- Our Company is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications.
Growth Strategy
- Through Channel Partners.
- Subsidiaries in strategic location.
- After Sales Service.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering 51,85,200 equity shares of Rs. 10/- each ("Equity Shares") of Emerald Tyre Manufacturers Limited ("Emerald" or the "Company") for cash at a price of Rs. 95/- per equity share (the "Offer Price"), aggregating to Rs. 49.26 crores ("The Offer"), comprising a fresh offer of 49,86,000 equity shares aggregating to Rs. 47.37 crores by the company ("Fresh Offer") and an offer for sale of 1,20,000 equity shares by Karthikeyan Swarnam and 79,200 equity shares by S Vijayalakshmi ("The Selling Shareholder") aggregating to Rs. 1.89 crores ("Offer for Sale"). Out of the offer, 3,00,000 equity shares aggregating to Rs. 2.85 crores was reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 48,85,200 equity shares of face value of Rs. 10.00/- each at an offer price of Rs. 95 /- per equity share aggregating to Rs. 46.41 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.62% and 25.08%, respectively of the post offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced and dedicated management team.
- Manufacturing Facility to handle wide range of Off Highway Tyres.
- Wide product range and customized product offering .
- Diverse Customer Base.
- Qualitative Products.
- The company's ability to secure raw materials at favorable prices is subject to market fluctuations. Any increase in raw material costs could significantly impact its sales, profitability, and overall performance.
- Its business is dependent on a few of the company clients who contribute to significant of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.
- Its operational efficiency is closely linked to the consistent supply of raw materials, sourced from a selected group of suppliers. Any potential interruption in the flow of raw materials from these suppliers could pose challenges to its operations.
- Significant portions of its revenue hinges upon a selected group of clienteles, and the potential loss of any of these key customers may substantially impact its business operations and profitability.
- There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. the company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.