Markets / IPO / Emerald Tyre Manufacturers

Emerald Tyre Manufacturers IPO

Updated 00:55

SME IPO on NSE Emerge · Tyres & Rubber Products

Status
Listed
Price band
₹90–95
Lot size
1200 shares · ₹1,14,000
Subscribed
–

How it listed

Issue price
₹95
Listing price (open)
₹180.50 +90.00%
First-day close
₹189.50 +99.47%
Price now
₹66.60 -29.89%
Listing day12 Dec 2024
Open / high / low / close₹180.50 / ₹189.50 / ₹180.50 / ₹189.50
Shares traded on NSE17,68,800
Market value at the listing-day close₹36,90,799 cr

Closing prices since listing: 26 Oct ₹62.00, 27 Oct ₹61.95, 28 Oct ₹60.65, 29 Oct ₹70.95, 30 Oct ₹72.50, 2 Nov ₹65.75, 3 Nov ₹65.40, 4 Nov ₹65.00, 5 Nov ₹66.00, 6 Nov ₹66.00.

Emerald Tyre Manufacturers share price, live chart and technicals →

Key dates

Bidding opens5 Dec 2024
Bidding closes9 Dec 2024
Allotment10 Dec 2024
Refunds and shares in demat11 Dec 2024
Listing12 Dec 2024

Lot size by investor type

ApplicationLotsSharesAmount
Individual investor (minimum)11,200₹1,14,000
HNI (minimum)22,400₹2,28,000

At ₹95 a share. In SME IPOs individuals must bid for at least 1 lots.

Subscription

Investor categoryShares bid for
Institutions (QIB)5,23,200
HNI / NII9,78,73,200
Retail28,38,16,800
Total38,22,13,200

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 6 Dec 2024 17:00.

Applications from individual investors

7,97,525 applications in the individual investors' category.

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹952,030.35 lakh shares53.1%
Cut-off final price, whatever it is; mostly retail1,785.78 lakh shares46.7%
Lower prices ₹90–946.00 lakh shares0.2%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date4 Dec 2024
Anchor shares14,64,000
Raised from anchors₹13.91 cr
Lock-in ends for the first 50% (30 days)8 Jan 2025
Lock-in ends for the remaining 50% (90 days)9 Mar 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹18,50,269 cr₹12,97,136 cr
P/E (last 12 months' profit)1,79,116.01,25,569.8
Revenue, last 12 months₹218 cr
Profit, last 12 months₹10 cr
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

IPO details

Price band₹90–95
Final issue price₹95
Lot size1200 shares
Minimum investment₹1,14,000 (1 lot)
MarketNSE Emerge (SME)
Issue type100 % Book Building
Face value₹10
IndustryTyres & Rubber Products
Issue size₹49.26 crore (about 51.85 lakh shares) · Fresh issue + offer for sale: fresh ₹47.37 cr, offer for sale ₹1.89 cr
ISININE0RHD01013
RegistrarLink Intime India Private Limited
Helpline: +91 8108114949, emerald.ipo@linkintime.co.in
Lead managersGYR Capital Advisors Private Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 10 Dec 2024. Check it on the registrar's page (Link Intime India Private Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Emerald Tyre Manufacturers IPO price band and lot size?

The price band is ₹90–95 per share, and one lot is 1200 shares (₹1,14,000 at the upper price).

When is the Emerald Tyre Manufacturers IPO allotment date?

Allotment was finalised on 10 Dec 2024, the next working day after bidding closed on 9 Dec 2024.

How many times was the Emerald Tyre Manufacturers IPO subscribed?

Subscription figures are not available yet.

What is the Emerald Tyre Manufacturers IPO listing date?

It listed on 12 Dec 2024 on NSE Emerge (SME).

When does the Emerald Tyre Manufacturers anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 8 Jan 2025 and the 90-day lock-in on the rest ends on 9 Mar 2025; they can sell from the next trading day.

What was the Emerald Tyre Manufacturers listing gain?

It opened at ₹180.50 against an issue price of ₹95, a gain of 90.00%. It is now down 29.89% from the issue price.