Emerald Tyre: If you are hoping for some movement in the stock market, the Emerald Tyre IPO has been really impressive. This one is worth discussing whether you are an investor or simply interested in how initial public offerings (IPOs) operate.
Emerald Tyre Manufacturers, a market leader in industrial tires under the GRECKSTER brand, recently announced its initial public offering (IPO). Waves were formed at the offering price, which ranged from ₹90 to ₹95 per share, when the issue opened for subscription. Additionally, shares opened at ₹180.50 on the day of listing, which is nearly 90% higher than the issue price. They reached the upper limit at ₹189.50 quite quickly, and early investors are thrilled.
Open your Demat Account in Angel One here and be ready for the next big thing.
Why was this IPO so well-liked?
First, the business has a solid track record. In 2002, it was founded. The USA, UAE, and Europe are just a few of the countries where Emerald Tyres sells its goods. To ensure that deliveries are always made on schedule, they have strategically placed warehouses all over the world. They have seen notable financial growth as well. They reported ₹171.97 crores in revenue and ₹12.24 crores in profit in 2024, a significant rise over previous years.
With 530 times more demand than shares available, the IPO was a huge success. This indicates that most investors believe in the business. The funds raised will be used to finance the company’s operations, grow it, and improve its operations.
Pro Tips!
Don’t worry if you feel missing out about it! Opportunities exist in the stock market, and it’s easier than ever to get started. To participate in future initial public offerings (IPOs), all you need is a Demat account. We are a trustworthy starting point for your journey. Investing is easy because of our simple user interface. The success of Emerald Tyres demonstrates that SME IPOs are now major participants rather than underdogs. So, what are you waiting for? Click here to open your Demat account and start your investment journey today.
Happy investing, and may the markets be ever in your favor! Check out for more such information with us.
(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
Authored by – Deepa Trivedi
Emerald Tyre
IPO
