Emerald Tyre IPO Allotment Today: What to Expect After 530.67X Subscription Surge

Emerald Tyre IPO GMP

Emerald Tyre IPO Subscription Status

Emerald Tyre IPO allotment status is available now. Allotment status has been made available on 10 December 2024, as per the timeline provided in the red herring prospectus (RHP) of the IPO.

The Emerald Tyre IPO closed with an exceptional subscription rate of over 530.67 times, underscoring strong investor enthusiasm. The HNI category saw an even more impressive subscription of 912.58 times. As the stock is set to be listed on 12 December 2024, all eyes are now on the allotment process. Following the finalization of allotments, refunds are scheduled to begin on 11 December, with shares expected to be credited to successful investors’ demat accounts on the same day. However, given the robust positive sentiment reflected in the IPO’s GMP, the allotment process is likely to be highly competitive, leaving many investors with slim chances of securing shares.

Here are some ways in which you can check Emerald Tyre IPO allotment status online.

#1 Registrar Website – Most effective way to check Emerald Tyre IPO Allotment Status

Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is Link Intime so investors can simply head to its website, select Emerald Tyre from the dropdown menu, and enter ANY of the following details to check their allotment status:

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

It should be noted that registrar websites are flooded on allotment days and might become very slow. As a result, it is worthwhile to keep your options open.

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#2 Bank Account Debit/Removal of Lien

If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.

If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for the Emerald Tyre IPO is INR 1,14,000. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.

In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.

#3 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

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Emerald Tyre IPO Allotment FAQs