Emerald Resilient Tyres, established in 2002, has come to be recognized as one of the emerging global manufacturers in the industrial tyres segment, and has built an impeccable reputation as a reliable supplier and solution provider. A wide range of products to suit every need, time-tested product acceptance, long-standing presence in the market, ever expanding global footprint and a customer-centric approach – all these have made Emerald a preferred destination for Total Industrial Tyre-Wheel Solutions.

Emerald Tyre Manufacturers, an Book Built Issue amounting to ₹49.26 Crores, consisting an Fresh Issue of 49.86 Lakh Shares worth ₹47.36 Crores and an Offer for Sale of 1.99 Lakh Shares totalling to ₹1.89 Crores. The subscription period for the Emerald Tyre Manufacturers IPO opens on December 05, 2024, and closes on December 09, 2024. The allotment is expected to be finalized on or about Tuesday, December 10, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, December 12, 2024.

The Share price band of Emerald Tyre Manufacturers IPO is set at ₹90 to ₹95 per equity share. The Market Capitalisation of the Emerald Tyre Manufacturers Limited at IPO price of ₹95 per equity share will be ₹185.02 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹1,14,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹2,28,000.

GYR Capital Advisors Private Limited is the book-running lead manager while Link Intime India Private Limited is the registrar for the Issue. Giriraj Stock Broking Private Limited is the Market Maker for Emerald Tyre Manufacturers IPO.

Emerald Tyre Manufacturers Limited IPO GMP Today
The Grey Market Premium of Emerald Tyre Manufacturers Limited IPO is expected to be ₹80 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Emerald Tyre Manufacturers Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
09 December 2024	₹ 95	₹ 175	₹ 80 (83.76%)	06:00 PM; 09 Dec 2024
06 December 2024	₹ 95	₹ 156	₹ 61 (64.07%)	07:00 PM; 06 Dec 2024
04 December 2024	₹ 95	₹ 137	₹ 42 (44.38%)	05:00 PM; 04 Dec 2024
03 December 2024	₹ 95	₹ 124	₹ 29 (30.52%)	06:00 PM; 03 Dec 2024
02 December 2024	₹ 95	₹ 124	₹ 29 (30.52%)	06:00 PM; 02 Dec 2024

Emerald Tyre Manufacturers Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 09 December 2024, the Emerald Tyre Manufacturers IPO live subscription status shows that the IPO subscribed 488.52 times on its Final day of subscription period. Check the Emerald Tyre Manufacturers IPO Live Subscription Status Today at NSE.

Emerald Tyre Manufacturers IPO Anchor Investors Report
Emerald Tyre Manufacturers has raised ₹13.90 Crores from Anchor Investors at a price of ₹95 per shares in consultation of the Book Running Lead Managers. The company allocated 14,64,000 equity shares to the Anchor Investors. Check Full List of Emerald Tyre Manufacturers Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Emerald Tyre Manufacturers Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Emerald Tyre Manufacturers IPO allotment date is 10 December, 2024, Tuesday. Emerald Tyre Manufacturers IPO Allotment will be out on 10th December 2024 and will be live on Registrar Website from the allotment date. Check Emerald Tyre Manufacturers IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Emerald Tyre Manufacturers Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Emerald Tyre Manufacturers Limited IPO
Emerald Tyre Manufacturers Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹4,085.28 Lakhs is required to meet out the Capital Expenditure;
2. To meet General Corporate Purposes; and
3. To meet out Offer Expenses.

Refer to Emerald Tyre Manufacturers Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Property Share REIT, Nisus Finance, Emerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial.

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About Emerald Tyre Manufacturers Limited

Emerald Tyre Manufacturers 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 renowned presence in the Domestic market as well as Global market for more than two decades in the international market under the brand name “GRECKSTER”.

As of March 31 2024, the Company had 224 permanent and 191 contractual employees. The Banker of Emerald Tyre Manufacturers is State Bank of India.

TYRE MARKET IN INDIA
The India Tyre Market is experiencing robust growth of 8.71% CAGR during the forecast period 2023-2030 and is projected to reach USD 25.50 billion by FY2031 from USD 13.11 billion in FY2023 mainly owing to the rapidly growing automotive industry in the country. Tyres plays a crucial role in ensuring vehicle safety and performance, making them an essential component of the automotive ecosystem. In recent years, the market has witnessed several key drivers that have propelled its growth. With the rising disposable income and growing middle-class population, there has been a surge in demand for passenger and commercial vehicles. This has directly translated into increased demand for tyres. Additionally, government initiatives such as "Make in India" and the push for electric vehicles have further contributed to the market's growth.

Another important driver is the focus on road infrastructure development. The Indian government has been investing heavily in building new roads and highways for better connectivity, which has led to an increase in vehicle sales and subsequently boosted the demand for tyres. The better infrastructure of roads has positively impacted the market for luxury cars in India. More than 16,000 luxury vehicles were sold in India in the first six months of the year 2022, a 55% increase from that of 2021.

Increase in Demand for OTR Tyre
India has witnessed an increase in demand for Off-The-Road (OTR) tyres in recent years. Several factors are included in this growing demand. Firstly, there has been significant infrastructure development in the country, including the construction of roads, highways, and airports. These projects require heavy machinery and vehicles that rely on OTR tyres for optimal performance in challenging terrains.

Secondly, the mining and construction sectors in India have experienced substantial growth. OTR tyres are essential for heavy-duty vehicles used in mining operations, earthmoving equipment, and construction projects. Moreover, the agriculture sector, which heavily relies on tractors and other agricultural machinery, has also contributed to the demand for OTR tyres. The expansion of mechanized farming practices and the need for increased productivity have driven the demand for reliable and durable OTR tyres. Overall, the increase in infrastructure development, growth in the mining and construction sectors, and mechanization of agriculture have all fueled the demand for OTR tyres in the India tyre market. Manufacturers have responded by expanding their OTR tyre offerings to meet the specific requirements of these sectors.

EMERALD TYRE MANUFACTURERS LIMITED COMPETITIVE STRENGTHS
1. Experienced and dedicated management team
2. Manufacturing Facility to handle wide range of Off Highway Tyres
3. Wide product range and customized product offering
4. Diverse Customer Base
5. Qualitative Products

EMERALD TYRE MANUFACTURERS LIMITED GROWTH STRATEGIES
1. The Company handles its international market through the following strategies and network
   i. Through Channel Partners
   ii. Subsidiaries in strategic location
   iii. After Sales Service
2. The company handles its domestic market through the following strategies and network
   i. OEM Market
   ii. After Sales Market
   iii. Service Networks
   iv. Technology
   v. Research and Development

EMERALD TYRE MANUFACTURERS LIMITED RISK FACTORS & CONCERNS
1. The company's ability to secure raw materials at favorable prices is subject to market fluctuations.
2. Volatility in energy and fuel expenses poses a potential risk to the business, financial performance, and cash flow.
3. The company's success is significantly influenced by the strength of the brands and the perception they hold in the market.
4. Their consolidated net revenue will be adversely affected if the Government reduces or withdraws tax benefits and other incentives it currently provides to them or otherwise increases their effective tax rate.