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.
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