Emerald Tyre Manufacturers IPO Allotment Today: Check Application Status, Latest GMP And Listing Date
The grey market premium of Emerald Tyre Manufacturers IPO was Rs 95 on Dec. 10. Investors can check the SME IPO allotment status on NSE and Link Intime India.
The allotment for Emerald Tyre Manufacturers IPO is expected to be finalised on Tuesday, Dec. 10, a day after the issue closed for bidding. The SME issue of Emerald Tyre Manufacturers Ltd. saw a massive demand for its shares led by non-institutional investors.
Emerald Tyre Manufacturers IPO was subscribed 530.59 times on Monday. 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.
Investors who bid for the issue can check the share allotment status on NSE and Link Intime India websites.
How To Check Emerald Tyre Manufacturers IPO Share Allotment Status On NSE
Visit the allotment status check page of the NSE here.
Log in with your username and password. (Create an account on the NSE to view IPO allotment status)
Select 'Emerald Tyre Manufacturers Limited' from the dropdown menu.
Verify the applicant's PAN details.
Enter the application number for the IPO.
Click the Submit option to check the allotment details.
How To Check Emerald Tyre Manufacturers IPO Allotment Status On Link Intime India
Visit the IPO allotment page on Link Intime India here.
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)
Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.
Enter the required details based on your selection.
Hit 'Submit' to check the allotment status.
Emerald Tyre Manufacturers IPO GMP Today
The grey market premium of Emerald Tyre Manufacturers IPO was Rs 95 as of 10:58 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.
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Emerald Tyre Manufacturers IPO Details
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.
As per the company's red herring prosepctus, of the 51,85,200 shares offered -- 18.84% were reserved for QIB, 4.14% for Non-Institutional Investors, 33% for Retail Investors and 28.23% for Anchor investors.
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 IPO will list on NSE SME with a tentative listing date anticipated as Thursday, December 12.
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.
