Emerald Tyre Manufacturers IPO is a book-built issue with a total size of ₹49.26 crore. The offering includes a fresh issue of 49.86 lakh equity shares, aggregating to ₹47.37 crore, and an offer for sale of 1.99 lakh shares, totaling ₹1.89 crore.
The subscription period for the Emerald Tyre Manufacturers IPO opens on December 5, 2024, and closes on December 9, 2024. The allotment is expected to be finalized on Tuesday, December 10, 2024, and the shares are scheduled to list on the NSE SME platform on Thursday, December 12, 2024.
Emerald Tyre Manufacturers operates in the automotive and industrial sector, specifically focusing on the manufacturing and supply of high-quality industrial tyres. Their products are designed for various sectors within the material handling industry, including solid OTR tyres, GSE tyres, forklift tyres, cushion tyres, butyl tubes, and flaps.
The IPO price band is set between ₹90 and ₹95 per share. Retail investors must apply for a minimum lot size of 1,200 shares, translating to an investment of ₹114,000 at the upper price limit. High Net Worth Individuals (HNIs) must apply for at least 2 lots, or 2,400 shares, amounting to ₹228,000.
GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, with Link Intime India Private Ltd serving as the registrar. Giriraj Stock Broking is the market maker for the issue.
Emerald Tyre Manufacturers IPO Details:
| Company Name | Emerald Tyre Manufacturers Limited |
| Sector | Tyre Manufacturing |
| IPO Type | SME |
| IPO Open date | 05th Dec 2024 |
| IPO Close date | 09th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Emerald Tyre Manufacturers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,44,000 |
| HNI (Min) | 2 | 1600 | 2,88,000 |
Emerald Tyre Manufacturers IPO Timeline:
| IPO Open Date | 05th Dec 2024 |
| IPO Close Date | 09th Dec 2024 |
| Basis of Allotment | 10th Dec 2024 |
| Refund Initiation Date | 10th Dec 2024 |
| Shares Credit to Demat | 10th Dec 2024 |
| Listing Date | 11th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Emerald Tyre Manufacturers’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Tyre Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Emerald Tyre Manufacturers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
