Emerald Tyre Manufacturers IPO Allotment Today: Steps to Check Status Online & Latest GMP

The much-anticipated Emerald Tyre Manufacturers IPO allotment is set to be finalized on Tuesday, December 10, 2024. With an overwhelming subscription rate and immense investor enthusiasm, this IPO has become a hot topic in the financial world. If you're among those awaiting your allotment status, this comprehensive guide covers everything from the allotment process to checking status online and understanding the latest grey market premium (GMP). Let’s dive in!

What Is the Emerald Tyre Manufacturers IPO?

The Emerald Tyre Manufacturers IPO is a ₹49.26 crore public offering, comprising a fresh issue of ₹47.37 crore and an offer for sale worth ₹1.89 crore. The IPO was priced between ₹90 and ₹95 per share, attracting significant attention from retail and institutional investors alike.

Emerald Tyre Manufacturers IPO Allotment Overview

The IPO received an overwhelming response, with a subscription rate of 530.59 times. This means for every share available, over 530 applications were made—a testament to the company's strong market standing.

Subscription Details by Investor Category

How to Check Emerald Tyre Manufacturers IPO Allotment Status?

Wondering how to check your IPO allotment status? There are several simple methods available.

Through Link Intime India Pvt. Ltd.

1. Visit the Link Intime website.

2. Select "Emerald Tyre Manufacturers" from the dropdown.

3. Choose an identification method (PAN, application number, or DP/Client ID).

4. Enter the required details and click Search.

Via the BSE Website

1. Navigate to the BSE website.

2. Under "Issue Type," select Equity.

3. Choose "Emerald Tyre Manufacturers Limited" from the list.

4. Provide your application number or PAN.

5. Confirm the captcha and click Submit.

Using Your Demat Account

1. Log in to your Demat account.

2. Check your holdings to see if the allotted shares are credited.

Through Your Bank Account

1. Log in to the bank account used for IPO application.

2. Check transaction history for any debits or refunds related to the IPO.

Emerald Tyre Manufacturers IPO GMP Today

As of December 10, 2024, the grey market premium (GMP) for the Emerald Tyre Manufacturers IPO stands at ₹95. This indicates a potential listing price of ₹190 per share, signaling possible 100% listing gains for investors.

Key Dates for the IPO

Company Overview: Emerald Tyre Manufacturers Limited

Founded in 2002, Emerald Tyre Manufacturers Limited specializes in off-highway tire and wheel services. With exports to countries like the UAE, USA, Russia, and European markets such as Germany and Belgium, the company has established itself as a global leader.

Financial Growth

• Revenue surged from ₹13,469.67 lakh in 2022 to ₹17,196.84 lakh in 2024.
• Profit after tax (PAT) rose by an impressive 37.04% in FY 2024.

FAQs on Emerald Tyre Manufacturers IPO Allotment

1. When will the allotment be finalized?

The allotment is set to be finalized on December 10, 2024.

2. How can I check the allotment status online?

You can check via Link Intime, the BSE website, your Demat account, or your bank account.

3. What is the GMP for this IPO?

The GMP is ₹95, suggesting potential listing gains of 100%.

4. What was the subscription rate for retail investors?

Retail investors oversubscribed by an astounding 558.11 times.

5. What are the key listing dates?

The shares will be credited to Demat accounts on December 11, 2024, and the listing is scheduled for December 12, 2024.

6. What is the price band for the IPO?

The price band was set between ₹90 and ₹95 per share.

Conclusion

The Emerald Tyre Manufacturers IPO allotment has captivated investors with its record-breaking subscription rates and impressive financials. Whether you’re a retail investor or an institutional buyer, the potential listing gains make this IPO a lucrative investment. Don't forget to check your allotment status today using the steps provided. Happy investing!