The allotment for the shares of Emerald Tyre Manufacturers’ IPO is scheduled for today, December 10, 2024. The IPO, open for subscription from December 6–9, saw overwhelming demand from investors, closing at an impressive oversubscription of nearly 530 times. Priced between ₹90–₹95 per share, the IPO required a minimum investment in a lot size of 1,200 shares.
Investors can check the IPO allotment status once finalised through the official websites of NSE or Link Intime India, the IPO’s registrar. Direct links are also available for easier access.
Emerald Tyre Manufacturers shares are set to debut on the NSE SME platform on December 12, 2024.
The IPO of Emerald Tyre Manufacturers is worth ₹49.26 crore. It includes a fresh issue of 4.986 million shares valued at ₹47.37 crore and an offer for sale of 199,000 shares worth ₹1.89 crore. The shares were offered within a price band of ₹90 to ₹95 each.
Emerald Tyre Manufacturers has shown impressive financial growth in recent years. The company’s revenue grew from ₹13,469.67 lakh in 2022 to ₹17,196.84 lakh in 2024. Additionally, its profit after tax (PAT) increased by 37.04% from FY 2023 to FY 2024.
Founded in 2002, Emerald Tyre Manufacturers is a leading producer and exporter of tyres under the GRECKSTER brand. The company serves global markets, including the USA, Europe, and the Middle East. It operates warehouses in Belgium, the UAE, and the USA, ensuring fast delivery and value-added services to its customers worldwide.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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