Emerald Tyre Manufacturers subscription started on Thursday, December 5, 2024, and will close on December 9, 2024, as per the schedule. The price band is set at ₹90 to ₹95 per share with a face value of ₹10.
Emerald Tyre Manufacturers IPO Subscription Status
Emerald Tyre Manufacturers Subscribed over 43.60x on its first day till 5.00 PM on 05th December.
- Emerald Tyre Manufacturers IPO subscription QIB investors portion is 0.52 times, while NII subscribed 43.01 times and RII investors subscribed 68.44 times.
- The company has received bids for 15,00,70,800 shares against 34,21,200 shares on offer on the first day of subscription.
- Emerald Tyre Manufacturers IPO Subscribed over 43.60x on its first day
About Emerald Tyre Manufacturers Company
Emerald Tyre Manufacturers Limited was founded in 2002 with the business of producing, supplying, and servicing a variety of tires. They offer complete solutions through off-highway tire and wheel services and also have a mission of a customer-focused organization that prioritizes customer needs and continually works to increase value for all shareholders. It has exported products to UAE, Russia, USA, Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland. Its financial background is overall good such as revenue of last 3 years increased, 17,196.84 lakhs in 2024, 16,798.10 lakhs in 2023, and 13,469.67 lakhs in 2022 respectively. PAT(Profit After Tax) also rose by 37.04% between the financial year ending March 31, 2024, and March 31, 2023. Moreover, for more capital growth, this company is going to launch an IPO of Rs 49.26 crores comprising a fresh issue of 49.86 lakh shares aggregating to Rs 47.37 crores and an offer for sale of 1.99 lakh shares aggregating to Rs 1.89 crores.
Emerald Tyre Manufacturers Financial Report
The company reported revenue of ₹171.97 crores in 2024 against ₹167.98 crores in 2023. The company reported Profit of ₹12.24 crores in 2024 against Profit of ₹8.93 crores in 2023.
Emerald Tyre Manufacturers IPO GMP:
Emerald Tyre Manufacturers IPO GMP was ₹75 as of Thursday, December 05th. That indicates the IPO is trading at ₹170 with ₹75 premium in the grey market against the issue price of ₹95.
