What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Emerald Tyre Manufacturers Limited IPO?

Based on the upper price band of ₹95 and current GMP of ₹85, the estimated listing price is ₹180 (approx. 89.5% gain).

What is the expected profit per lot for Emerald Tyre Manufacturers Limited IPO?

With a lot size of 1200 shares and current GMP of ₹85, expected profit per retail application lot is approximately ₹1,02,000.

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Grey Market Intelligence

Emerald Tyre Manufacturers Limited

ListedSME

Automotive & Auto Components · NSE

Emerald Tyre Manufacturers Limited, incorporated in 2002, specializes in manufacturing and servicing a wide range of tyres under the brand "GRECKSTER," including Solid Resilient Tyres, Press Bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims. The company exports its products to markets such as the USA, UAE, Russia, and European countries including Belgium, Germany, and Italy, supported by warehouses in Belgium, the UAE, and the USA for timely delivery and superior customer service. As of March 31, 2024, Emerald Tyre employs 224 permanent and 191 contractual staff, continuing to expand its footprint across Europe, the Middle East, and North America.

Price Band

₹90 – ₹95

Issue Size

₹49.26 Cr

Lot Size

1200 shares

GMP

₹85

+89.5%

Est. Listing

₹180

at current GMP

Subscribed

531.35x

overall

Open

5 Dec 2024

9 Dec 2024

Allotment

10 Dec 2024

Refund

11 Dec 2024

Demat Credit

12 Dec 2024

Listing

12 Dec 2024

Last updated 12 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Emerald Tyre Manufacturers Limited GMP Today

Last updated: 17 Nov 2025

Current Premium

₹85+89.5%

Issue Price (Upper)

₹95

Band: ₹90 – ₹95

Estimated Listing Price

₹180

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,14,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹85	89.5%	₹180
30 Oct 2026	+₹85	89.5%	₹180
29 Oct 2026	+₹77	80.5%	₹172

About Emerald Tyre Manufacturers Limited Public Issue & Market Profile

Emerald Tyre Manufacturers Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹49.26 Crores. The shares are offered at a price band of ₹90 to ₹95 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,14,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Ms Shanthi Gopalkrishnan. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-12-12, while un-allotted funds or UPI block mandates will be released on 2024-12-11.

Frequently Asked Questions

What is Emerald Tyre Manufacturers Limited IPO GMP today?

The latest grey market premium for Emerald Tyre Manufacturers Limited IPO is ₹85, which indicates an expected listing price of ₹180.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.