Emerald Tyre Manufacturers Limited
ListedSMEAutomotive & 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
Close
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
Overall Subscription
531.35x
Total Demand
QIB Multiplier
195.95x
Institutions & Funds
NII / HNI
913.02x
High Net-Worth
Retail (RII)
559.28x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 976,800 | 191,406,000 | 195.95x |
| NIB | 733,200 | 669,429,600 | 913.02x |
| RETAIL | 1,711,200 | 957,032,400 | 559.28x |
| Total | 3,421,200 | 1,817,868,000 | 531.35x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 116 | 0.00x |
| NIB | — | 60,572 | 0.00x |
| RETAIL | — | 797,525 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Emerald Tyre Manufacturers Limited IPO is ₹85 per equity share. Based on the upper price band of ₹90 to ₹95 per equity share, the estimated listing price is ₹180 (+89.5% expected listing 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, the expected profit per application lot is approx ₹1,02,000 (+89.5% gain). Minimum application cost is approx ₹1,14,000.
What is the issue size and price band for Emerald Tyre Manufacturers Limited IPO?
The Emerald Tyre Manufacturers Limited IPO aggregate issue size is ₹49.26 Crores with an equity price band set at ₹90 to ₹95 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,14,000.
How can I check Emerald Tyre Manufacturers Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 531.35x (Retail: 559.28x, QIB: 195.95x, NII: 913.02x). You can track live multiples directly on our dedicated subscription page.
Where and when will Emerald Tyre Manufacturers Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Ms Shanthi Gopalkrishnan) and the BSE status verification website on or around 2024-12-10. Investors can verify status using PAN card or application number.
When is the listing date for Emerald Tyre Manufacturers Limited IPO?
Emerald Tyre Manufacturers Limited shares are scheduled to list on NSE on 2024-12-12.