Tue Dec 10 07:22:00 UTC 2024: **Emerald Tyre Manufacturers IPO Allotment Status Available Tuesday**

**MUMBAI, INDIA – December 9, 2024** – Investors eagerly awaiting the allotment status of the Emerald Tyre Manufacturers Initial Public Offering (IPO) will finally receive their results on Tuesday, December 10th. The highly oversubscribed IPO, which closed on Monday, saw a staggering 530.59 times oversubscription.

The allotment status can be checked online through the registrar’s website, Link Intime India Private Ltd, or the National Stock Exchange of India (NSE) website. The company, founded in 2002, manufactures, supplies, and services a variety of tires, boasting a strong financial record with significant revenue growth in recent years. Their IPO raised ₹49.26 crores (approximately $6 million USD), a combination of fresh issue and offer for sale of shares. The grey market premium (GMP) reached approximately ₹75 after the subscription period ended.

Emerald Tyre Manufacturers, which exports globally to countries including the USA, Russia, and across Europe, reported a 37.04% increase in Profit After Tax (PAT) between March 31, 2023, and March 31, 2024. The company’s strong financial performance and the high oversubscription rate suggest significant investor confidence in the company’s future prospects. Further details on the allotment process, including offline methods, are available on the registrar’s website. Investors with questions should contact Link Intime directly.

Read More