The subscription period for Emerald Tyre Manufacturers’ IPO will close on December 9. The IPO includes a fresh issue of 49.86 lakh shares valued at ₹47.37 crore and an offer-for-sale (OFS) of 1.99 lakh shares worth ₹1.89 crore.
The allotment of IPO shares is expected to be finalized on December 10. Shares will be credited to the demat accounts of successful applicants, and refunds for unsuccessful bids will begin on December 11. The company’s shares are set to debut on the NSE SME platform, Emerge, on December 12. The IPO price range has been set between ₹90 and ₹95 per share.
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