The IPO (Initial Public Offering) market is an essential aspect of the financial world, providing a gateway for companies to raise capital by offering shares to the public for the first time. Investors closely monitor IPOs, evaluating the company's potential for growth, stability, and long-term success. One important indicator in this process is the IPO GMP (Grey Market Premium), which provides insights into investor sentiment before the official listing of a company’s shares on the stock exchange.
Emerald Tyre Manufacturers, a prominent player in the tire manufacturing industry, is preparing to launch its IPO, and market participants are keen to understand its potential through metrics like the GMP. This article will delve into the concept of IPOs, how the GMP is determined, and an analysis of the Emerald Tyre Manufacturers IPO.
Emerald Tyre Manufacturers is a well-established company in the tire manufacturing sector, producing a range of tires for automobiles, trucks, and heavy-duty vehicles. The company has built a strong reputation for producing durable, high-performance tires and has maintained a significant market share within its industry. It has established itself as a trusted supplier in both domestic and international markets, making it a key player in the competitive landscape of tire manufacturing.
The company’s decision to go public stems from its desire to raise capital for expansion, research and development of new tire technologies, and to strengthen its presence in new geographic markets. Emerald Tyre is particularly focused on expanding its manufacturing capabilities to meet the growing demand for electric vehicles (EVs) and to introduce innovative, sustainable tire products to cater to environmentally conscious consumers.
Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.
Particulars | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
---|---|---|---|
Total Assets (In ₹ Millions) | 17,393.60 | 14,976.86 | 13,556.09 |
Total Revenue (In ₹ Millions) | 17,196.84 | 16,798.10 | 13,469.67 |
Profit After Tax (PAT) (In ₹ Millions) | 1,214.32 | 892.85 | 484.62 |
Date | GMP | Kostak | Subject to Sauda |
---|---|---|---|
08 Dec 2024 | ₹74-75 | N/A | ₹68000 |
Date & Time | QIB | NII | RII | Total |
---|---|---|---|---|
Day 1 - 05 Dec 2024 | ||||
Day 2 - 06 Dec 2024 | ||||
Day 3 - 09 Dec 2024 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusEmerald Tyre Manufacturers Limited IPO will open on 5 Dec 2024 and close on 9 Dec 2024.
Emerald Tyre Manufacturers Limited IPO will list on 12 Dec 2024.
The offer price of Emerald Tyre Manufacturers Limited IPO is ₹90-95.
The lot size of Emerald Tyre Manufacturers Limited IPO is 1200.
The Grey Market Premium (GMP) price of Emerald Tyre Manufacturers Limited IPO is ₹74-75.
The Kostak price of Emerald Tyre Manufacturers Limited IPO is Not Available at the moment.
The Subject to Sauda price for Emerald Tyre Manufacturers Limited IPO is ₹68000.
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