The share allotment for Emerald Tyre Manufacturers’ IPO was finalised on December 10, 2024. The IPO was open for subscription from December 6 to December 9, received a massive response, being oversubscribed nearly 530 times. Priced between ₹90–95 per share, the SME IPO required a minimum investment in lots of 1,200 shares.
The Emerald Tyre Manufacturers IPO saw an overwhelming response, with 530.59 times subscriptions overall. Non-institutional investors (NIIs) and retail investors showed the highest interest, with their portions subscribed 912.18 times and 558.11 times, respectively. Meanwhile, the quota for qualified institutional buyers (QIBs) was subscribed 195.95 times.
Investors can check their IPO allotment status on the NSE website or through Link Intime India, the IPO’s registrar. Direct links are also available for quick access.
The shares are set to debut on the NSE SME platform on Thursday, December 12, 2024.
Established in 2002, Emerald Tyre Manufacturers produces and exports tyres under the GRECKSTER brand. The company serves markets in the USA, Europe, and the Middle East, with warehouses in Belgium, the UAE, and the USA to ensure efficient delivery and customer satisfaction.
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.
Published on: Dec 11, 2024, 9:46 AM IST
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