Tue Dec 10 12:10:00 UTC 2024: **Emerald Tyre Manufacturers IPO Oversubscribed, Allotment Begins**

**MUMBAI, INDIA – December 10, 2023** – Emerald Tyre Manufacturers, an off-highway tyre manufacturer, saw its initial public offering (IPO) massively oversubscribed, with nearly 500 times more subscriptions than shares available on the final day of the sale. The IPO, priced between Rs 90-95 per share, concluded on Monday.

Successful bidders can expect allotment of shares on December 10th. Investors can check their allotment status on the Link Intime India Pvt Ltd website using their application number or PAN details. Trading on the NSE Emerge platform will commence on December 12th.

The grey market premium (GMP) for Emerald Tyre shares has soared to 100 percent, suggesting a potentially significant listing premium. Market observers predict a listing premium of around 90 percent.

The company, founded in 2002, manufactures tyres for various applications under the GRECKSTER brand. This includes material handling equipment like forklifts and mining equipment.

Separately, India’s largest regional retail option traders summit, BOTS, organized by Traders Gurukul, continues to provide updates on the dynamic crypto market. The summit, held on the 2nd or 3rd Sunday of each month across major Indian cities, offers insights into investment opportunities and market trends. The event aims to integrate brokers and potential customers, improving market access and creating new revenue streams.

**Disclaimer:** This news report is based on publicly available information. Investors are advised to conduct their own due diligence before making investment decisions.

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