1) Emerald Tyre Manufacturers IPO size
The IPO is a combination of fresh equity sale of Rs 47.37 crore and an offer for sale (OFS) of 1.99 lakh shares.
2) Emerald Tyre Manufacturers IPO price band
The company is offering its shares at Rs 90-95 apiece, and investors can bid for 1200 shares in 1 lot.
3) Emerald Tyre Manufacturers GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 75, indicating a premium of 79% over the issue price.
4) About Emerald Tyre Manufacturers
The company 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.
5) 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.
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6) Emerald Tyre Manufacturers financial performance
For the period ended July 2024, the company clocked total revenues of Rs 63 crore and net profit of Rs 4.13 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for funding of capital expenditure and general corporate purposes.
8) Lead managers and Registrar
GYR Capital Advisors is acting as the lead manager to the issue and Link Intime India is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on December 5 and will close on December 9. The final allotment will likely be made on December 10. The company’s shares will likely get listed on December 12.
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