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Emerald Tyre Manufacturers IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 5 Dec 2024 - 9 Dec 2024
Issue Size ₹49.26 Cr
Issue Price ₹90-95
Market Lot 1200 Shares
Shares on Offer 5,185,200
Registrar
GMP ₹74-75
Kostak N/A
Subject to Sauda ₹68000
Listing Date 12 Dec 2024
Listing Price N/A
Listing Gain% N/A

About Emerald Tyre Manufacturers Limited

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.

Business Overview

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.

Company Promoters

Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.

Company Financials

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

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
08 Dec 2024 ₹74-75 N/A ₹68000

Emerald Tyre Manufacturers Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 05 Dec 2024
Day 2 - 06 Dec 2024
Day 3 - 09 Dec 2024

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Emerald Tyre Manufacturers Limited IPO FAQs

  1. When will Emerald Tyre Manufacturers Limited IPO open?

    Emerald Tyre Manufacturers Limited IPO will open on 5 Dec 2024 and close on 9 Dec 2024.

  2. What is the listing date of Emerald Tyre Manufacturers Limited IPO?

    Emerald Tyre Manufacturers Limited IPO will list on 12 Dec 2024.

  3. What is the offer price of Emerald Tyre Manufacturers Limited IPO?

    The offer price of Emerald Tyre Manufacturers Limited IPO is ₹90-95.

  4. What is the lot size of Emerald Tyre Manufacturers Limited IPO?

    The lot size of Emerald Tyre Manufacturers Limited IPO is 1200.

  5. What is the Grey Market Premium (GMP) price of Emerald Tyre Manufacturers Limited IPO?

    The Grey Market Premium (GMP) price of Emerald Tyre Manufacturers Limited IPO is ₹74-75.

  6. What is the Kostak price of Emerald Tyre Manufacturers Limited IPO?

    The Kostak price of Emerald Tyre Manufacturers Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Emerald Tyre Manufacturers Limited IPO?

    The Subject to Sauda price for Emerald Tyre Manufacturers Limited IPO is ₹68000.

Emerald Tyre Manufacturers Limited IPO Review/Comments

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