Emerald Tyre Manufacturers IPO share allotment is expected to be finalised on Tuesday, Dec. 10, a day after the issue closed for bidding. The initial public offering of Emerald Tyre Manufacturers Ltd. saw a massive demand led by non-institutional investors.
Emerald Tyre Manufacturers IPO was subscribed 530.59 times on the last day of bidding, data from the market tracking site Chittorgarh showed. Investors applied for 1,81,52,59,200 shares against 34,21,200 shares on offer.
Retail investors applied for 95,50,45,200 shares as compared to 17,11,200 shares reserved for them, subscribing to their quota by 558.11 times.
Non-institutional investors (NIIs) applied for 66,88,08,000 shares against the 7,33,200 shares set aside for the category. The NII quota was subscribed 912.18 times at the end of Day 3.
Qualified Institutional buyers booked 19,14,06,000 shares in comparison with the 9,76,800 shares on offer, subscribing to their quota by 195.95 times.
How To Check Emerald Tyre Manufacturers’ IPO Share Allotment Status On NSE
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Visit the allotment status check page of the NSE here.
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Log in with your username and password. (Create an account on the NSE to view IPO allotment status)
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Select ‘Emerald Tyre Manufacturers Limited’ from the dropdown menu.
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Verify the applicant’s PAN details.
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Enter the application number for the IPO.
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Click the Submit option to check the allotment details.
How To Check Emerald Tyre Manufacturers IPO Allotment Status On Link Intime India
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Visit the IPO allotment page on Link Intime India here.
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From the dropdown menu, select ‘Emerald Tyre Manufacturers Limited’ from the list of companies. (The name will be visible after the share allocation is done)
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Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.
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Enter the required details based on your selection.
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Hit ‘Submit’ to check the allotment status.
The Rs 49.26-crore NSE SME IPO is a combination of a fresh issue of 49.86 lakh shares worth Rs 47.37 crore and an offer for sale of 1.99 lakh shares worth Rs 1.89 crore.
Emerald Tyre Manufacturers IPO price band was set at Rs 90 to Rs 95 per share.
Link Intime India Pvt. Ltd. is the registrar for the Emerald Tyre Manufacturers IPO. The company has appointed GYR Capital Advisors Pvt. as the sole book-running lead manager and Giriraj Stock Broking as the market maker for the issue.
Emerald Tyre Manufacturers’ shares will be listed on NSE SME on Thursday, Dec. 12.
Investors who have bid for the Emerald Tyre Manufacturers IPO can check its share allotment status on the NSE and registrar websites.
Emerald Tyre Manufacturers IPO GMP Today
The grey market premium of Emerald Tyre Manufacturers IPO was Rs 95 as of 7:28 a.m. on Dec. 10, according to InvestorGain. This indicates a listing gain of 100%, with the listing price being Rs 190 apiece.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of Proceeds
Emerald Tyre Manufacturers said it will utilise the proceeds from the fresh issue of the IPO for meeting capital expenditure, general corporate purposes and to cover the IPO expenses.
About Emerald Tyre Manufacturers Ltd.
Founded in 2002, Emerald Tyre Manufacturers Ltd. is involved in the supply, manufacture and services of a comprehensive range of tyres for material handling applications. The company’s product portfolio includes forklifts, agri implements, skid loaders, ground support equipment for airports, port trailers, lawn and garden mowers, mining equipment, aerial work platform trucks and backhoe loaders.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.The grey market premium of Emerald Tyre Manufacturers IPO was Rs 95 as of 7:28 a.m. on Dec. 10. Investors can check the SME IPO allotment status on NSE and Link Intime India. Read MoreIPOs, Markets, Notifications
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