Teerth Gopicon IPO Allotment Expected Today: Check Status, Listing Date, GMP & Other Details

The allocation for Teerth Gopicon’s SME IPO will be finalized later today. On the placement date, the investor finds out the number of shares allocated to him in relation to the offers made. Investors can check the IPO distribution status of Teerth Gopicon by logging into the official website of the registrar, which in this case is Bigshare Services.

Follow the step by step process mentioned below to check the batch status.

Step 1: Visit the ipo allotment Status page on the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select IPO from the drop-down menu

Step 3: Enter PAN number and ‘Submit’.

Teerth Gopicon ipo gmp

In the unlisted market, the company’s shares have a GMP of Rs 25 in the unlisted market. The company has priced the offer at Rs 111 and the tentative listing date is set for April 16.

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The IPO, which was an entirely new equity issue of 39.99 lakh shares, received a robust response from investors with over 70 times subscription at closing.

The net proceeds from the public offering will be used to finance working capital needs and other general corporate purposes.

The company is an engineering, construction and development company primarily engaged in road construction, sewerage works and water distribution in Madhya Pradesh. It also acted as a subcontractor and built residential towers in the city of Indore.

As an EPC contractor, the scope of your services includes the detailed engineering of the project, the procurement of construction materials, plant and machinery, the construction and execution of the project and its operation and maintenance in accordance with contractual provisions.

For the period ending January 2024, the company recorded revenue of Rs 69.62 crore and net profit of Rs 7.84 crore.

Interactive Financial Services serves as the lead handler and Bigshare Services is the registrar.