How To Check Teerth Gopicon IPO Allotment Status

Teerth Gopicon IPO garnered significant interest from investors. On the final bidding day, the ₹44.40-crore SME IPO had been oversubscribed 75.54 times, with bids for 28.69 crore shares against 37.99 lakh shares on offer.

If you applied for the IPO, here is how you can check the Teerth Gopicon IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Teerth Gopicon IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Teerth Gopicon" from the dropdown menu.
  3. Enter your PAN, application number, or Demat.
  4. Enter Captcha and click ‘Search' to retrieve your Teerth Gopicon IPO allotment status.

The Teerth Gopicon IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

Teerth Gopicon IPO Details

The Ahmedabad-based company, specializing in roads, sewerage, and water distribution projects, initiated its IPO subscription on April 8, with share allotment scheduled for April 12. Listing on NSE SME is slated for April 16.

The IPO comprises a fresh issue of 39.99 lakh equity shares, offered at a fixed price. Proceeds from the IPO are earmarked for funding expansion plans, with ₹33.40 crore allocated to working capital requirements and ₹10.24 crore towards general corporate purposes.

Investors can bid for a minimum of 1,200 equity shares, with subsequent bids in multiples of 1,200 equity shares, requiring a minimum investment of ₹1.33 lakh.

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Teerth Gopicon IPO GMP

Teerth Gopicon IPO GMP is reported at ₹31 premium in the grey market. Based on the upper end of the IPO price band, the shares are expected to list at ₹142, indicating a premium of 28% on listing. However, it's important to note that while GMPs can provide some insight into market sentiment, they should not be considered as the sole indicator of a stock's performance upon listing.

About Teerth Gopicon

Established in 2019, Teerth Gopicon specializes in road construction, sewerage, and water supply projects in Madhya Pradesh. The company has served as a registered civil contractor for various central and state government departments and has executed building works for private sector clients.

As of January 31, 2024, the company boasts an order book of Rs 904.98 crore. In the April-January period of FY2023-24, Teerth Gopicon reported a net profit of Rs 7.84 crore and revenue of Rs 69.70 crore.

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Posted In: NewsIPOsTeerth Gopicon