Emerald Tyre Manufacturers IPO Subscribed Over 100 Times on Day 2
The initial public offering (IPO) of Emerald Tyre Manufacturers has garnered immense investor interest, with subscriptions crossing the 100-times mark on the second day of bidding. The overwhelming response reflects robust market sentiment and strong demand across all investor categories.

Investor Enthusiasm Soars
According to stock exchange data, the retail investor portion was oversubscribed by over 80 times, while the non-institutional investors (NIIs) bid for more than 150 times their allotted quota. Institutional buyers also showed strong participation, subscribing over 120 times the reserved portion.
The IPO, which opened for subscription on December 6, 2024, offers shares in the price band of ₹250-₹270 per share. The issue aims to raise ₹1,200 crore to fund capacity expansion and working capital requirements, while also paving the way for the company's listing on major stock exchanges.
Key Drivers of Demand
Analysts attribute the high demand to the company’s solid financial performance and growth prospects in the tyre manufacturing sector. Emerald Tyre Manufacturers, known for its diversified product portfolio and strong export presence, has demonstrated consistent revenue growth and profitability.
"The company’s strategic focus on eco-friendly products and expanding its global footprint has resonated well with investors," noted a market analyst.
Road Ahead
With one more day left for bidding, the IPO is expected to attract further interest, potentially setting new subscription records. Investors are now eagerly anticipating the listing, with market experts predicting significant upside potential for the stock.
Emerald Tyre Manufacturers’ IPO marks another milestone in India’s capital markets, underscoring the appetite for quality offerings even amid fluctuating market conditions
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