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Teerth Gopicon IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Teerth Gopicon Limited Day Wise IPO GMP Trend
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Teerth Gopicon Limited IPO GMP
Teerth Gopicon IPO, valued at Rs 44.40 crores, comprises a fresh issue of 40 lakh shares. Subscription for the IPO begins on April 8, 2024, and concludes on April 10, 2024. Allotment is expected to be finalized by April 12, 2024.
The IPO is slated to list on NSE SME on April 16, 2024, with an IPO price of ₹111 per share. The minimum lot size for retail investors is 1200 shares, requiring an investment of ₹133,200. HNIs must apply for a minimum of 2 lots (2,400 shares), amounting to ₹266,400.
Interactive Financial Services Ltd is the book running lead manager, while Bigshare Services Pvt Ltd serves as the registrar. Giriraj Stock Broking is designated as the market maker for the Teerth Gopicon IPO.
The Issue comprises of fresh Issue of 39,99,600 Equity Shares of the Company at an Issue Price of Rs. 111/- per Equity Share, aggregating up to Rs. 4439.56 lakhs by the Company.
Utilization of Net Proceeds:
- Funding the working capital requirements of Company
- General Corporate Purpose
Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges and enhancement of Company’s visibility and brand image along with creation of a public market for Equity Shares in India.
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