Emerald Tyre Manufacturers ltd. 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.
Emerald Tyre Manufacturers ltd. 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”. Pursuant to the strong market position in off highway tyre manufacturing industry, their manufacturing unit is operational at Plot No.79 & 80, EPIP Zone SIPCOT Industrial Complex Gummudipoondi, Tiruvallur District Tamil Nadu 601201 spread over 10.05 acres.
They have an installed production capacity of 10560 MT of tyres, tubes and wheels. On the date of this Red Herring Prospectus, their product range covers a wide range of off the highway range of tyres. Their Company has the flexibility in their manufacturing facility to address market requirements. They have obtained all regulatory permissions which are necessary to run their business, Further, some of the approvals are granted for fixed periods of time and need renewals, which are obtained in the course of business, however, there may be change in statutory regulations at any time which cannot be predicted by us. There can be no assurance that the change in regulations will not impact their operations in the future.
They have consistently grown in terms of their revenues over the past years. For the period ended in 31st July, 2024 and past three (3) years their revenues from operation were Rs. 6380.33 lakhs, Rs.17098.74 lakhs in F.Y. 2023-24, Rs.16393.95 lakhs in F.Y. 2022-23 and Rs. 13364.26 lakhs in the FY 2021-22. Their Net Profit after tax for the above-mentioned periods are 413.64 lakhs, 1214.32 lakhs, Rs. 892.85 lakhs and Rs. 484.62 lakhs respectively.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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