Emerald Tyre Manufacturers Shares List at 90% Premium Over IPO Price on NSE SME

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Emerald Tyre Manufacturers, a prominent player in the tire manufacturing industry, made a stellar debut on the NSE SME (Small and Medium Enterprises) platform today. The company’s shares listed at a remarkable 90% premium over its initial public offering (IPO) price, signaling strong investor confidence in its future prospects.

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The company had set the IPO price at ₹100 per share, and on its listing day, the stock opened at ₹190, reflecting a substantial surge. This impressive debut highlights the growing interest in SMEs among investors and demonstrates the market’s optimism about the company’s growth potential.

Emerald Tyre Manufacturers, which specializes in producing high-quality tires for a range of vehicles, aims to use the funds raised through the IPO to expand its production capabilities and strengthen its market position. The company’s listing has been closely watched by industry experts, who are optimistic about its prospects in the competitive tire manufacturing market.

With this strong performance, Emerald Tyre Manufacturers has set a positive tone for future SME listings on the NSE, paving the way for other small and medium-sized enterprises to access capital from public markets and fuel their growth

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