Emerald Tyre Manufacturers made its debut on the NSE Emerge platform on December 12, listing at Rs 180.50 per share, reflecting a 90% premium over the issue price of Rs 95. The issue was part of a Rs 50 crore offering.
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The company’s SME issue received an overwhelming response, with a subscription of nearly 500 times. The price band for the issue ranged between Rs 90 and Rs 95 per share, and the subscription period lasted from December 5 to 9, 2024.
Emerald Tyre Manufacturers Limited, established in 2002, is a leading global player in the off-highway tyre industry. Known for its high-quality “GRECKSTER” brand, the company manufactures tyres for diverse applications, including forklifts, mining equipment, and agricultural implements. Its 10.05-acre facility in Tamil Nadu has a 10,560 MT capacity.
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The objective of Emerald Tyre Manufacturers is to become a leading player in the tyre manufacturing industry by producing high-quality, durable tyres for various vehicles. The company aims to expand its market presence, enhance production capabilities, and provide innovative solutions to customers.
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