Emerald Tyre Manufacturers Limited is launching its Initial Public Offering (IPO) to raise ₹49.26 crores through a book-built issue. The IPO consists of a fresh issue of 49.86 lakh equity shares, aggregating to ₹47.37 crores, and an offer for sale of 1.99 lakh shares worth ₹1.89 crores.
The IPO opened for subscription on December 5, 2024, and closes on December 9, 2024. The allotment of shares is expected to be finalized on December 10, 2024, with the company planning to list on the NSE SME platform on December 12, 2024. GYR Capital Advisors Private Limited is the book-running lead manager for the IPO, while Link Intime India Private Ltd has been appointed as the registrar.
Giriraj Stock Broking is the market maker responsible for maintaining liquidity in the stock after listing. Investors can anticipate important updates regarding share allotment and listing details as Emerald Tyre Manufacturers progresses toward its next growth phase.
Short Brief About Emerald Tyre Manufacturers
Established in 2002, Emerald Tyre Manufacturers Limited is a global leader in producing and supplying high-quality tyres under its trusted brand name “GRECKSTER”. The company specializes in manufacturing Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims, offering durable and performance-oriented solutions for various industrial applications.
With a strong international presence, Emerald Tyre Manufacturers exports its products to major global markets, including the USA, UAE, Russia, and several European countries such as Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, Poland, and the UK.
To ensure efficient product delivery and superior customer service, the company operates warehouses strategically located in Belgium, the UAE, and the USA, enabling smooth distribution across Europe, the Middle East, and North America. As of March 31, 2024, the company employed 224 permanent and 191 contractual staff, all dedicated to maintaining the highest standards of quality and customer satisfaction.
Emerald Tyre Manufacturers IPO GMP Today
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate |
|---|---|---|---|
| 10-12-2024 | ₹95 | ₹95 (Est Listing – ₹190 (100%) | ₹86600 |
| 09-12-2024 | ₹95 | ₹95 (Est Listing – ₹190 (100%) | ₹86600 |
| 0812-2024 | ₹95 | ₹75 (Est Listing – ₹170 (78.95%) | ₹68400 |
| 07-12-2024 | ₹95 | ₹75 (Est Listing – ₹170 (78.95%) | ₹68400 |
Emerald Tyre Manufacturers IPO Date
Emerald Tyre Manufacturers Limited is set to launch its Initial Public Offering (IPO) from December 5, 2024, to December 9, 2024. Investors can apply during this period, with the IPO closing at 5 PM on December 9, 2024, marking the cut-off time for UPI mandate confirmations. The basis of allotment will be finalized on December 10, 2024, followed by the initiation of refunds on the same day. Successful applicants will see shares credited to their Demat accounts by December 11, 2024. The much-anticipated listing of Emerald Tyre Manufacturers’ shares is scheduled for December 12, 2024, marking a significant milestone in the company’s growth journey.
Emerald Tyre Manufacturers IPO GMP FAQs:
What is the Grey Market Premium (GMP) for Emerald Tyre Manufacturers IPO today?
The current GMP for Emerald Tyre Manufacturers IPO is ₹95.
What is the Subject to Sauda rate for Emerald Tyre Manufacturers IPO today?
The Subject to Sauda rate is ₹₹86600 as of today.
What are the expected returns from Emerald Tyre Manufacturers IPO?
The expected returns from this IPO are estimated at 100%.