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IPO Synopsis

Emerald Tyre Manufacturers Ltd
  • Registered Office: Emerald House Plot # 2 2nd St,Porur Gardens PhaseI Vanagaram, Poonamalle - 600095, Tamil Nadu, India.
  • Phone : +91 90430 63194   Fax:
  • Email : cosec@emeraldtyres.com
  • Website :www.emeraldtyres.com
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.
Issue
Opens On Closes On
05-Dec-24 09-Dec-24
Money Payable On
Application Allotment
95.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 44.84 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 49.26  
Post Issue Equity Share Capital (.Cr) 19.48
Issue Price () 95.00
Projects
Capital expenditure
General corporate purposes
Promoted By
Chandrasekharan Thirupathi Ven
V Thirupathi
T Kannaki
Listing At
NSE - SME
Registrar to the Issue
MUFG Intime India Pvt Ltd
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