Check out the Emerald Tyre Manufacturers IPO GMP (Grey Market Premium) as of today. The GMP on IPO for Emerald Tyre Manufacturers has started off strong. Stay tuned for the latest updates on Emerald Tyre Manufacturers IPO GMP.
Emerald Tyre Manufacturers IPO is set to open on December 5, 2024. The Emerald Tyre Manufacturers IPO is a NSE SME IPO. The Emerald Tyre Manufacturers IPO Price band is fixed at ₹90 and ₹95 with a lot of 1200 shares.
About Emerald Tyre Manufacturers
Emerald Tyre Manufacturers Limited, established in 2002, specializes in the production, supply, and servicing of a wide range of tires. The company offers comprehensive solutions through off-highway tire and wheel services and is dedicated to being a customer-centric organization focused on addressing customer needs while enhancing value for shareholders. Its products are exported to several countries, including the UAE, Russia, the USA, Belgium, Germany, the Netherlands, Hungary, Portugal, Italy, Denmark, and Poland.
The company has demonstrated strong financial performance, with revenue consistently increasing over the past three years: ₹17,196.84 lakhs in 2024, ₹16,798.10 lakhs in 2023, and ₹13,469.67 lakhs in 2022. Profit After Tax (PAT) also grew by 37.04% between the financial years ending March 31, 2023, and March 31, 2024. To support further growth, Emerald Tyre Manufacturers is launching an IPO worth ₹49.26 crores, which includes a fresh issue of 49.86 lakh shares amounting to ₹47.37 crores and an offer for sale of 1.99 lakh shares totaling ₹1.89 crores.
Emerald Tyre Manufacturers IPO GMP Live Rates
| Date | IPO GMP |
|---|---|
| December 3, 2024 | ₹50 (52.63%) |
| December 2, 2024 | ₹- |
| December 1, 2024 | ₹- |
| November 30, 2024 | ₹- |
| November 29, 2024 | ₹- |
| November 28, 2024 | ₹- |
Emerald Tyre Manufacturers IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Emerald Tyre Manufacturers Limited |
| Industry | Tyre Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | December 5, 2024 |
| Close Date | December 9, 2024 |
| Total Issue Size | Approx ₹49.26 Crores |
| Fresh Issue | Approx ₹47.37 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹90 to ₹95 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares Per Lot |
| Offer for Sale | Approx 199,200 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Emerald Tyre Manufacturers IPO Dates
| Events | Date |
|---|---|
| IPO Open Date | December 5, 2024 |
| IPO Close Date | December 9, 2024 |
| Basis of Allotment | December 10, 2024 |
| Refunds | December 11, 2024 |
| Credit to Demat Account | December 11, 2024 |
| IPO Listing Date | December 12, 2024 |
FAQs
What is the Current GMP for Emerald Tyre Manufacturers IPO?
The Emerald Tyre Manufacturers IPO GMP is ₹50 as of today.
What are the Expected Returns for Emerald Tyre Manufacturers IPO?
The expected returns for Emerald Tyre Manufacturers IPO are 53%.
Disclaimer:
- The IPO Grey Market Premium (Emerald Tyre Manufacturers IPO GMP) mentioned is applicable only for the specific date noted above.
- We do not participate in buying or selling IPO forms in the Grey Market.
- Please do not base your decision to subscribe to an IPO solely on the premium price, as it may fluctuate before the listing. Always consider the company’s fundamentals before investing.
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