The Emerald Tyre Manufacturers IPO, which concluded its subscription process on December 9, 2024, has become one of the most talked-about SME IPOs this year. With a staggering oversubscription of 530.59 times, the offering received immense interest from investors across all categories, highlighting the growing appetite for high-growth SME opportunities.
Strong Investor Response: Subscription Highlights
The IPO saw record-breaking participation, particularly from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs). Here’s a breakdown of the subscription figures:
- Retail Investors (RIIs): Subscribed 558.11 times, showcasing the enthusiasm of smaller investors.
- Non-Institutional Investors (NIIs): Subscribed an incredible 912.18 times, reflecting high interest from high-net-worth individuals.
- Qualified Institutional Buyers (QIBs): Subscribed 195.95 times, signalling confidence from institutional players.
This exceptional demand has placed Emerald Tyre Manufacturers in the spotlight, making it a standout offering in the SME space.
Also Read - Emerald Tyre Manufacturers IPO: Heavily Oversubscribed 530 Times, Strong GMP Signals Robust Demand
Grey Market Premium (GMP): A Signal of Strong Listing Potential
As per market observers, Emerald Tyre Manufacturers shares are trading at a GMP (Grey Market Premium) of ₹95 per share, indicating a premium of 100% over the upper issue price of ₹95.
This robust grey market activity suggests heightened expectations for a strong listing, with the potential for significant gains for investors on the debut day.
Key Details of Emerald Tyre Manufacturers IPO
- Price Band: ₹90–₹95 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹114,000
- Total Issue Size: ₹49.26 crore
- Fresh Issue: 49.86 lakh shares worth ₹47.37 crore
- Offer for Sale (OFS): 1.99 lakh shares worth ₹1.89 crore
- Subscription Period: December 5–December 9, 2024
- Allotment Date: December 10, 2024
- Listing Date: December 12, 2024
- Exchange: NSE SME
The IPO, managed by GYR Capital Advisors as the lead book-runner and Link Intime India as the registrar, aims to raise funds for business expansion and other corporate purposes.
About Emerald Tyre Manufacturers
Emerald Tyre Manufacturers Ltd operates under the brand name GRECKSTER, offering a diverse range of durable and high-performance tyres for industrial and commercial applications. The company has built a strong reputation in the market and is poised for further growth, leveraging its innovative products and customer-centric approach.
Key Strengths:
- Established market presence under the GRECKSTER brand.
- A track record of consistent financial growth.
- Strong demand in the tyre and auto-accessory market, both domestically and internationally.
What’s Next for Investors?
With the IPO heavily oversubscribed and the GMP indicating a premium of ₹95 per share, Emerald Tyre Manufacturers is likely to deliver substantial listing gains. However, as with any SME IPO, investors should consider potential market volatility and align their decisions with their risk tolerance.
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