Emerald Tyre IPO Subscription started on 5 December 2024 and will close on 9 December 2024. Emerald Tyre plans to raise INR 46.67 – 49.26 crores via IPO. The price band is fixed at INR 90 – 95 per share. Emerald Tyre IPO market lot has 1,200 shares and the minimum application amount is INR 1,14,000. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Emerald Tyre IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find Emerald Tyre IPO subscription status segregated by days and investor categories.
Emerald Tyre IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,76,800 | 7,33,200 | 17,11,200 | 34,21,200 |
| 9 Dec 2024 | 195.95 | 912.58 | 558.11 | 530.67 |
| 6 Dec 2024 | 0.54 | 133.49 | 165.86 | 111.72 |
| 5 Dec 2024 | 0.52 | 42.69 | 67.36 | 42.99 |
The market maker reservation portion of 3,00,000 shares and anchor investor portion of 14,64,000 shares are not included in the above calculations.
Emerald Tyre – Business Background
Founded in 2002, Emerald Tyre focuses on the manufacture, supply, and servicing of a wide range of tires specifically designed for material handling applications. Their product offerings include tires for forklifts, skid loaders, airport ground support equipment, port trailers, agricultural machinery, lawn and garden mowers, mining equipment, aerial work platforms, and backhoe loaders, among others. The company has built a solid reputation in both domestic and international markets under the brand name “GRECKSTER,” leveraging over twenty years of experience in the global industry.
Emerald Tyre holds a robust market position in the off-highway tire manufacturing sector, with its production facility situated in Tiruvallur, Tamil Nadu. This facility covers an area of 10.05 acres and has an installed production capacity of 10,560 metric tons for tires, tubes, and wheels. As of 31 July 2024, the company employed 243 permanent staff members and 277 contractual workers.
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Investor Categories in Emerald Tyre IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of the Emerald Tyre IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Emerald Tyre IPO Subscription Status FAQs
When will the subscription for Emerald Tyre IPO start?
Emerald Tyre IPO is open for subscription from 5 December 2024 to 9 December 2024.
How to subscribe to Emerald Tyre IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Emerald Tyre IPO list?
Emerald Tyre IPO is scheduled to list on 12 December 2024, at the NSE EMERGE.
