Emerald Tyre Manufacturers IPO GMP, Open Date, Price Band, Allotment Status

Emerald Tyre Manufacturers IPO open date is on 5 December to 9 December 2024. This new IPO is a book-built issue of Rs 49.26 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 47.37 crores and offer-for-sale is of Rs 1.89 crores.

Emerald Tyre Manufacturers IPO price band is Rs 90 to Rs 95 per share. As of now, Emerald Tyre Manufacturers IPO GMP is 7 indicating mild bullish sentiment for this IPO among investors.

The lot size is 1200 shares and the allotment date is finalised on Monday, December 2, 2024. The minimum investment for the retail investors for 1 lot is Rs 1,14,000. The listing of this script will be at NSE SME platform.

Emerald Tyre Manufacturers IPO Allotment status and IPO subscription details will be available after the IPO closes. The allotment details will be visible on the registrar website. The registrar for Emerald Tyre Manufacturers IPO is Link Intime India Private Limited.

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Emerald Tyre Manufacturers IPO GMP

Emerald Tyre Manufacturers IPO GMP quotation is around Rs 7 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Emerald Tyre Manufacturers IPO GMP might rise in the coming days.

Emerald Tyre Manufacturers IPO Price Band

Emerald Tyre Manufacturers IPO price band is Rs 90 to Rs 95 per share. The minimum amount of investment for the retail category is to be around Rs 1,14,000. The minimum investment for HNI is 2 lots amounting to Rs 2,28,000.

Emerald Tyre Manufacturers IPO Open Date, Close Date

Emerald Tyre Manufacturers IPO open date is 5 December 2024 and closing date is 9 December 2024. Initiation of refund date is December 10, 2024 and credit of shares will be on 11 December 2024.

Emerald Tyre Manufacturers IPO Allotment Status

Emerald Tyre Manufacturers IPO allotment status will be finalised on Monday, 10 December 2024. The listing will be on the NSE SME platform. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Emerald Tyre Manufacturers IPO Listing Date

Emerald Tyre Manufacturers IPO's listing date is 12 December 2024. The Listing will be on the NSE SME platform only. Retail investors can sell the shares after 10 AM on the listing day.

Emerald Tyre Manufacturers IPO: Listing Date, Lot Size, Price Band

Emerald Tyre Manufacturers IPO  Limited: About the Company

Emerald Tyre Manufacturers Limited incorporated in 2002, specialize in manufacturing, supplying, and servicing a wide range of tyres. Emerald Tyres offers its products under the brand "GRECKSTER”. Emerald is a global producer of high quality, durable tyres for a wide range of vehicles including the passenger cars, trucks, and industrial machinery.

The company is committed to innovation and sustainability. It integrates technology to create eco-friendly, fuel-efficient tyres that deliver superior performance and safety. The company operates a robust distribution network, ensuring timely delivery to customers. Emerald products undergo strong quality testing for reliability and long-lasting durability.

Emerald Tyre Manufacturers IPO Objectives

The funds raised from Emerald Tyre Manufacturers IPO will be used for meeting the day-to-day capital needs of the company. Also, to fulfil the general corporate purposes and to meet the public issue expenses.

Emerald Tyre Manufacturers IPO: Key Dates, Allotment, Listing Date

Emerald Tyre Manufacturers IPO Subscription Details, IPO Reservation

Emerald Tyre Manufacturers IPO subscription details will be available after the IPO opens on 5 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Non-Institutional investors.

Emerald Tyre Manufacturers IPO Lot Size Details

Emerald Tyre Manufacturers IPO lot size is 1200 shares per lot. For retail, the minimum and maximum lot size is amounting to around Rs 1,14,000. For HNI minimum lot size is 2 lots amounting to Rs 2,28,000.

Emerald Tyre Manufacturers IPO Promoter Holdings

Emerald Tyre Manufacturers IPO promoter is Chandhrasekharan Trirupathi Venkatachalam. The promoters' shareholdings before the IPO were 67.62%; however, after the IPO, shareholdings will decline.

Emerald Tyre Manufacturers Limited Company Financials (in Lakhs)

Emerald Tyre Manufacturers Limited posted revenue of Rs 17,196.84 lakhs and net profit of Rs 1,214.32 lakhs for the period ending on 31 March 2024. The company’s revenue increased by 2.37% and PAT rose by 36% between the FY ending on 31 March 2024 and 31 March 2023.

Emerald Tyre Manufacturers IPO Registrar

Emerald Tyre Manufacturers IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Emerald Tyre Manufacturers IPO Lead Managers

Emerald Tyre Manufacturers IPO lead managers are GYR Capital Advisors Private Limited. The market maker of the SME IPO is Giriraj Stock Broking.

How to apply to Emerald Tyre Manufacturers IPO

Interested investors can apply to the Emerald Tyre Manufacturers IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Emerald Tyre Manufacturers IPO Review

Emerald Tyre Manufacturers IPO may get a good response from the general public. The company is involved in the tyre manufacturing business. So, investors interested in the Tyre sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Emerald Tyre Manufacturers IPO GMP will also rise.

Emerald Tyre Manufacturers IPO FAQ

1. What are the details of the Emerald Tyre Manufacturers IPO?

Emerald Tyre Manufacturers IPO is a book-built issue of Rs 49.26 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 47.37 crores and offer-for-sale is of Rs 1.89 crores.

2. When will the Emerald Tyre Manufacturers IPO open and close?

Emerald Tyre Manufacturers IPO open date is 5 December 2024 and closing date is 9 December 2024. Initiation of refund date is December 10, 2024 and credit of shares will be on 11 December 2024.

3. What is Emerald Tyre Manufacturers IPO GMP?

Emerald Tyre Manufacturers IPO GMP quotation is around Rs 7 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Emerald Tyre Manufacturers IPO GMP might rise in the coming days.

4. What are the details of Emerald Tyre Manufacturers IPO reservation?

Emerald Tyre Manufacturers IPO subscription details will be available after the IPO opens on 5 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Emerald Tyre Manufacturers IPO allotment status will be finalised on Monday, 10 December 2024. The listing will be on the NSE SME platform. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Emerald Tyre Manufacturers IPO?

Emerald Tyre Manufacturers IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. GYR Capital Advisors Private Limited are the lead managers.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?