ListedSMETyres & AlliedETML

EMERALD TYRE MANUFACTURERS IPO

EMERALD TYRE MANUFACTURERS IPO is an SME IPO raising ₹49 Cr at ₹90 – ₹95 a share. It listed on 12 Dec 2024 at ₹199, +109.4% against its issue price of ₹95, and trades at ₹81 today (−15.0% since issue). It was subscribed 331× in total.

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₹95

Issue price

₹81

Price now

−15.0%

Since issue price

12 Dec 2024

Listed on

331×Subscribed (final) · all exchanges

331.1 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹90 – ₹95

Cut-off price₹95

Issue size₹49 Cr

Shares per lot1200

Minimum application₹1,14,000

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0RHD01013

Bidding hours10:00 – 17:00 IST

Bidding window5 Dec 2024 – 9 Dec 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.