EMERALD TYRE MANUFACTURERS IPO
smelistedAbout the company
Incorporated in 2002, Emerald Tyre Manufacturers manufactures and supplies tyres for various material handling vehicles like forklifts, skid loaders, port trailers and ground support equipment for airports. It has a strong presence in both domestic and international markets under the brand "GRECKSTER." In FY24, the company earned more than 75% of its revenue from export business; the rest is contributed by domestic sales. Its manufacturing unit is in Tamil Nadu, spread across 10.05 acres with a production capacity of 10,560 MT of tyres, tubes and wheels.
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed05 Dec 2024Bidding starts for all investor categories
IPO Closes
Completed09 Dec 2024Last day to place your bid
Basis of Allotment
Completed10 Dec 2024Share allotment finalised
Refund Initiation
Completed11 Dec 2024Refunds credited for non-allottees
Credit to Demat
Completed11 Dec 2024Allotted shares credited to demat account
Listing on Exchange
Completed12 Dec 2024Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹114,000 | 1 | ₹114,000 | 1 lot only |
| HNI | 2 | 2400 | ₹228,000 | 2 | ₹228,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,648,649 | 24.5 | 0 | 0.00x | 100% |
| NII | 15% | 794,595 | 7.35 | 0 | 0.00x | 100% |
| Retail | 35% | 1,854,054 | 17.15 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
