The much-anticipated IPO of Emerald Tyre Manufacturers, a Chennai-based SME, has grabbed the attention of investors with its overwhelming response and impressive grey market premium (GMP). Let’s dive into the key details, including allotment status, GMP, and what to expect from this listing.
IPO Highlights
- Company Name: Emerald Tyre Manufacturers
- IPO Issue Size: ₹[Insert Issue Size] Crores
- Price Band: ₹[Insert Lower Price] – ₹[Insert Upper Price] per share
- Lot Size: [Insert Lot Size] Shares
- Issue Opening Date: [Insert Opening Date]
- Issue Closing Date: [Insert Closing Date]
- Basis of Allotment Date: [Insert Allotment Date]
- Refund Initiation Date: [Insert Refund Date]
- Shares Credit to Demat Account: [Insert Credit Date]
- Listing Date: [Insert Listing Date]
- Stock Exchanges: BSE and NSE
These highlights provide an at-a-glance summary for investors to understand the key aspects of the Emerald Tyre Manufacturers IPO.
Grey Market Premium (GMP)
- Current GMP: ₹[Insert Current GMP] per share
- Price Band Range: ₹[Insert Lower Price] – ₹[Insert Upper Price] per share
- Estimated Listing Price: ₹[Insert Estimated Listing Price] (based on GMP and upper price band)
- Premium Percentage: [Insert Premium Percentage]% above the upper price band
The Grey Market Premium reflects strong investor sentiment, indicating potential demand for Emerald Tyre Manufacturers’ IPO. However, GMP values are unofficial and should not solely influence investment decisions. Always conduct thorough research or consult a financial advisor.
Allotment and Listing Details
The IPO, which ran from December 5 to December 9, 2024, saw unprecedented enthusiasm from investors. The allotment was finalized on December 10, 2024, and the company’s shares are set to list on the NSE SME Exchange on December 12, 2024.
Subscription Details
The IPO was subscribed an extraordinary 530.59 times, showcasing massive demand across all investor categories:
1. Retail Segment
- Shares Available: 17.1 lakh
- Shares Applied For: 95.5 crore
- Subscription Rate: 558.11 times
2. Non-Institutional Investors (NIIs)
- Shares Available: 7.3 lakh
- Shares Applied For: 66.8 crore
- Subscription Rate: 912.18 times
3. Qualified Institutional Buyers (QIBs)
- Shares Available: 9.7 lakh
- Shares Applied For: 19.1 crore
- Subscription Rate: 195.95 times
Key Players Behind the IPO
- Lead Manager: GYR Capital Advisors
- Registrar: Link Intime India
- Market Maker: Giriraj Stock Broking
Investor Takeaway
Emerald Tyre Manufacturers’ IPO has set high expectations with its robust subscription figures and grey market activity. The strong demand across retail, NII, and QIB segments underscores investor confidence. The listing day is expected to bring substantial gains, potentially making this IPO one of the most successful SME issues of the year.
Suggestions for Improving Your Investment Decisions
Set Clear Goals: Define your financial objectives, whether short-term or long-term, to guide your investment strategy.
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- Diversify Portfolio: Spread your investments across different asset classes to reduce risks and increase potential returns.
- Research Thoroughly: Stay informed about market trends, company performance, and economic factors that influence investments.
- Evaluate Risk Tolerance: Understand your risk appetite and choose investments that align with your comfort level.
- Monitor Regularly: Keep track of your portfolio’s performance and make adjustments as needed to stay aligned with your goals.
- Seek Expert Advice: Consult financial advisors or use reliable investment platforms for informed decision-making.
- Avoid Emotional Decisions: Base your investments on data and analysis, not on market hype or fear.
- Stay Patient: Investing is a long-term process; avoid impulsive decisions during market volatility.
Conclusion:
The Emerald Tyre Manufacturers IPO has garnered significant attention, reflecting strong investor interest in the company’s potential. With key dates like allotment and listing approaching, the IPO’s Grey Market Premium (GMP) trends suggest positive sentiment among market participants. Investors are advised to keep an eye on the official announcements to ensure timely actions for allotment checks and trading plans. Whether you are investing for the short term or long term, Emerald Tyre’s entry into the stock market is shaping up to be a notable event in the IPO space.
Written by Shehnaz Shaikh
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