Emerald Tyre Manufacturers IPO: Everything You Need to Know About This Promising SME IPO
Quick Summary
- IPO Open Date: December 5, 2024
- IPO Close Date: December 9, 2024
- Price Band: ₹90 to ₹95 per share
- Market Lot: 1,200 shares
- Issue Size: Approx ₹49.26 crores
- IPO Listing: NSE SME
- GMP Trend: ₹75 as of December 6, 2024
Emerald Tyre Manufacturers Limited has announced its Initial Public Offering (IPO) to open for subscription on December 5, 2024, aiming to raise approximately ₹49.26 crores. As an SME IPO, this offering is garnering attention in the grey market for its potential to deliver good returns. Here’s an in-depth look at the details of the Emerald Tyre Manufacturers IPO, including its price band, grey market premium (GMP), allotment dates, and key company highlights.
Emerald Tyre Manufacturers: Company Overview
Founded in 2002, Emerald Tyre Manufacturers Limited specializes in producing, supplying, and servicing a wide variety of tires, focusing on off-highway tire and wheel services. With exports to countries such as the UAE, Russia, USA, Germany, and Italy, the company has established a global footprint. Its mission centers on customer satisfaction and maximizing shareholder value, making it a customer-focused organization with a strong business model.
IPO Details
- Face Value: ₹10 per equity share
- Fresh Issue: ₹47.37 crores
- Offer for Sale (OFS): 199,200 equity shares
- Quota Allocations:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
IPO Timeline
- Opening Date: December 5, 2024
- Closing Date: December 9, 2024
- Basis of Allotment: December 10, 2024
- Refunds: December 11, 2024
- Credit to Demat Accounts: December 11, 2024
- Listing Date: December 12, 2024
Grey Market Premium (GMP) Analysis
The Grey Market Premium (GMP) for Emerald Tyre Manufacturers IPO has been trending upward, reflecting positive investor sentiment. As of December 6, 2024, the GMP stands at ₹75, with a notable increase from ₹50 on December 3, 2024. Here’s the daily trend:
|
Date
|
GMP
|
Kostak Rates
|
Subject to Sauda
|
|---|---|---|---|
|
December 6, 2024
|
₹75
|
₹-
|
₹70,000
|
|
December 5, 2024
|
₹75
|
₹-
|
₹70,000
|
|
December 4, 2024
|
₹60
|
₹-
|
₹55,000
|
|
December 3, 2024
|
₹50
|
₹-
|
₹50,000
|
Should You Invest?
Emerald Tyre Manufacturers IPO presents an opportunity for retail and institutional investors looking to diversify their portfolios. With a strong market presence, a robust export network, and consistent GMP growth, the IPO could yield attractive returns, especially given the competitive price band of ₹90 to ₹95.
Key Highlights:
- Export Potential: Serving markets across Europe, the USA, and Asia ensures steady demand.
- Sector Growth: The off-highway tire segment is seeing increased traction, with expanding applications in agriculture and heavy industries.
- Profitability Scope: A lean offering size and focus on shareholder value align with long-term investment goals.
With a strong foundation and growing market demand for off-highway tires, Emerald Tyre Manufacturers IPO could be a valuable addition to investor portfolios. While the GMP trend looks promising, prospective investors should consider their risk appetite and market conditions before investing. Stay tuned for further updates on allotment status and listing day performance!
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