Emerald Tyre Manufacturers IPO subscription started on Thursday, December 5, 2024, and will close on December 9, 2024, as per the schedule. The price band is set at ā¹90 to ā¹95 per share with a face value of ā¹10.
Emerald Tyre Manufacturers IPO Subscription Status
Emerald Tyre Manufacturers Subscribed over 530.59x on its last day till 5.00 PM on 09th December.
- Emerald Tyre Manufacturers IPOĀ subscription QIB investors portion is 195.95 times, while NII subscribed 912.18 times and RII investors subscribed 558.11 times.
- The company has received bids for 1,81,52,59,200 shares againstĀ 34,21,200Ā shares on offer on the last day of subscription.
- Emerald Tyre Manufacturers IPO Subscribed over 114.84x on its second day.
- 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 ā¹171.97 crores in 2024 against ā¹167.98 crores in 2023. The company reported Profit of ā¹12.24 crores in 2024 against Profit of ā¹8.93 crores in 2023.
Emerald Tyre Manufacturers IPO GMP:
Emerald Tyre Manufacturers IPO GMP was ā¹75 as of Monday, December 09th. That indicates the IPO is trading at ā¹170 with ā¹75 premium in the grey market against the issue price of ā¹95.
