Emerald IPO Subscription Status

Emerald Tyre Manufacturers' initial public offering (IPO) has received overwhelming investor interest over the three days. The IPO witnessed exceptional growth in demand, with subscription rates growing from 44.51 times on day one, to 114.84 times on day two, and reaching a remarkable 165.70 times by 10:51 AM on the final day.
The IPO, which opened on 5th December 2024, has seen phenomenal participation across categories. The Retail Investors segment has shown extraordinary interest reaching 236.89 times subscription, while Non-Institutional Investors demonstrated exceptional participation at 219.39 times. The QIB portion secured a modest subscription at 0.68 times.
 

This extraordinary response comes amid positive sentiment in the Indian stock market, particularly towards companies in the tyre manufacturing sector.

Subscription Status of Emerald IPO:

*As of 10:51 AM

Here are the subscription details for Emerald IPO as of Day 3 (9th December 2024, 10:51 AM)

Total Applications: 3,63,284

Key Highlights:

• Overall subscription of Emerald Tyre Manufacturers IPO soared to an extraordinary 165.70 times on the final day
• Retail investors led with a massive 236.89 times subscription, worth ₹3,850.92 crores
• Non-institutional investors showed exceptional interest at 219.39 times, worth ₹1,528.12 crores
• QIB portion remained modest at 0.68 times subscription, worth ₹6.34 crores
• Total bids received for 56,68,82,400 shares worth ₹5,385.38 crores
• Applications reached 3,63,284, including 3,37,800 retail investors
• Strong retail and NII momentum continued on the final day
• Overwhelming response across retail and NII categories
• The market response indicated exceptional investor confidence

Emerald Tyre IPO - Day 2 Subscription at 114.84 Times

Key Highlights:

• Overall subscription reached an impressive 114.84 times
• Retail investors showed strong interest with 170.43 times subscription
• Non-institutional investors demonstrated robust participation at 137.27 times
• QIB portion improved marginally to 0.63 times
• Day two witnessed a substantial increase in applications
• Strong momentum continued across categories
• Significant improvement in retail and NII segments
• Subscription trend indicated building investor enthusiasm
• The market response showed exceptional confidence

Emerald Tyre IPO - Day 1 Subscription at 44.51 Times

Key Highlights:

• Overall, subscriptions opened strong at 44.51 times
• Retail investors led with a robust 70.09 times subscription
• Non-institutional investors showed strong interest at 43.42 times
• QIB portion started with 0.52 times subscription
• The opening day witnessed an exceptional retail response
• Strong initial momentum across categories
• Day one subscription reflected strong market confidence
• The initial response suggested robust investor appetite

About Emerald Tyre Manufacturers Limited

Incorporated in 2002, Emerald Tyre Manufacturers Limited has established itself as a specialized manufacturer and supplier of a comprehensive range of tyres under the brand name "GRECKSTER". The company's product portfolio includes Solid Resilient Tyres, Press bands, Industrial Pneumatic Tyres, Butyl Tubes & Flaps, and Wheel Rims, serving diverse global markets, including the USA, UAE, Russia, and major European countries.

With strategic warehouses located in Belgium, UAE, and the USA, the company ensures timely delivery and value-added services across Europe, the Middle East, and North America. As of March 31, 2024, the company operates with a strong workforce of 224 permanent and 191 contractual employees. Their financial performance demonstrates steady growth with revenue increasing by 2.37% and PAT rising by 36% between FY2023 and FY2024, supported by their experienced management team and dedication to quality manufacturing.

The company's competitive strengths lie in its extensive manufacturing capabilities for off-highway tyres, a wide product range with customization options, a diverse customer base, and commitment to product quality. Their global presence and strategic warehouse locations enable them to effectively serve international markets while maintaining strong customer relationships.

Highlights of the Emerald Tyre Manufacturers' IPO

• IPO Type: Book Built Issue
• IPO size: ₹49.26 crores
• Fresh Issue: ₹47.37 crores (49.86 lakh shares)
• Offer for Sale: ₹1.89 crores (1.99 lakh shares)
• Face value: ₹10 per share
• Price band: ₹90 to ₹95 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹114,000
• The minimum investment for HNI: ₹228,000 (2 lots)
• Listing at: NSE SME
• IPO opens: 5th December 2024
• IPO closes: 9th December 2024
• Allotment date: 10th December 2024
• Refund initiation: 10th December 2024
• Credit of shares: 11th December 2024
• Listing date: 12th December 2024
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Giriraj Stock Broking