What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Teerth Gopicon Limited IPO?

Based on the upper price band of ₹111 and current GMP of ₹16, the estimated listing price is ₹127 (approx. 14.4% gain).

What is the expected profit per lot for Teerth Gopicon Limited IPO?

With a lot size of 1200 shares and current GMP of ₹16, expected profit per retail application lot is approximately ₹19,200.

IPO GreyPremiumLIVE

Grey Market Intelligence

Teerth Gopicon Limited

ListedSME

Emerging SME Services · NSE

Teerth Gopicon Limited, established in 2019, is a fast-growing infrastructure development company primarily operating in Madhya Pradesh. Specializing in road construction, sewerage, and water supply projects, the company has also expanded its expertise into residential tower projects in Indore. As a registered contractor for government bodies like ISCDL, IMC, USCL, UMC, and MPJNM, along with private sector clients, Teerth Gopicon has built a diverse portfolio encompassing civil engineering, sewage treatment plants, and road networks. Backed by a dedicated team of 164 permanent employees as of February 29, 2024, the company remains committed to delivering excellence and fostering sustainable growth in the infrastructure sector.

Price Band

₹111

Issue Size

₹44.40 Cr

Lot Size

1200 shares

GMP

₹16

+14.4%

Est. Listing

₹127

at current GMP

Subscribed

69.41x

overall

Open

8 Apr 2024

10 Apr 2024

Allotment

12 Apr 2024

Refund

13 Apr 2024

Demat Credit

14 Apr 2024

Listing

16 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Teerth Gopicon Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹16+14.4%

Issue Price (Upper)

₹111

Band: ₹111

Estimated Listing Price

₹127

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,33,200

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹16	14.4%	₹127
30 Oct 2026	+₹16	14.4%	₹127
29 Oct 2026	+₹14	13.0%	₹125

About Teerth Gopicon Limited Public Issue & Market Profile

Teerth Gopicon Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹44.4 Crores. The shares are offered at a price band of ₹111 to ₹111 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2024-04-10, the basis of allotment is scheduled to be finalized on 2024-04-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Teerth Gopicon Limited IPO GMP today?

The latest grey market premium for Teerth Gopicon Limited IPO is ₹16, which indicates an expected listing price of ₹127.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.