Support and Resistance Levels
Past performance
About Emerald Tyre Manufacturers Ltd Emerald Tyre Manufacturers Ltd, originally established in 2002 as a private company under the name 'Emrald Resilient Tyre Manufactures Private Limited' in Tamil Nadu, has undergone several name changes and structural transformations. Most recently, it was converted into a public limited company in December 2023, and subsequently renamed to its current identity in January 2024. The company operates from a manufacturing unit in Tiruvallur District, Tamil Nadu, with an installed production capacity of 7,040 MT of tyres, tubes, and wheels.
The company specializes in manufacturing and supplying a diverse range of off-highway tyres. Its product portfolio includes tyres for forklifts, skid loaders, airport ground support equipment, port trailers, agricultural implements, lawn mowers, mining equipment, aerial work platforms, and backhoe loaders. These products are marketed under its flagship brand, *GRECKSTER*. Emerald Tyre Manufacturers Ltd serves industrial, agricultural, and specialized applications, highlighting its strong market position in the off-highway tyre segment.
Promoted by Mr. Chandhrasekharan V. Thirupathi, the company is now planning an Initial Public Offering (IPO) to raise capital. The IPO proposes to issue 52,00,000 equity shares, with 50,00,000 shares through a fresh offering and 2,00,000 shares via an Offer for Sale. This move signals the company's ambition to strengthen its financial base while expanding operations and market reach.
With its niche focus on off-highway tyre manufacturing, established production capacity, and robust brand positioning, Emerald Tyre Manufacturers Ltd presents itself as a promising opportunity for investors exploring industrial and specialized manufacturing sectors.