Teerth Gopicon IPO allotment expected today: Check status, listing date, GMP and other details

The allotment for the SME IPO of Teerth Gopicon will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of Teerth Gopicon IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step-by-step process mentioned below to check the status of the allotment.

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

Step 2: Select IPO from the dropdown

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 as April 16.

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The IPO, which was completely a fresh equity issue of 39.99 lakh shares, received a robust response from investors with a subscription of over 70 times at close.

The net proceeds from the public offer will be used for funding working capital requirements and other general corporate purposes.

The company is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in Madhya Pradesh. It has also worked as a sub-contractor and constructed residential towers in the city of Indore.

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

For the period ended January 2024, the company clocked revenues of Rs 69.62 crore and net profit of Rs 7.84 crore.

Interactive Financial Services is acting as the lead manager to the issue and Bigshare Services is the registrar.