Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

Emerald Tyre IPO opens for subscription Check GMP and other details

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

The SME IPO of Emerald Tyre Manufacturers opened for subscription on Thursday and will close on December 9

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

The company aims to raise Rs 49 crore through the SME IPO and list the shares on NSE SME platform

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

The IPO is a combination of fresh equity sale of Rs 47.37 crore and an offer for sale (OFS) of 1.99 lakh shares.

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

The company is offering its shares at Rs 90-95 apiece, and investors can bid for 1200 shares in 1 lot.

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

In the unlisted market, the company's shares were trading with a GMP of Rs 75, indicating a premium of 79% over the issue price.

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

The company is engaged in the business of manufacturing, supplying and services for a comprehensive range of tyres for material

Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other details

For the period ended July 2024, the company clocked total revenues of Rs 63 crore and net profit of Rs 4.13 crore.