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 current subscription status of Teerth Gopicon Limited IPO?

Teerth Gopicon Limited IPO has received a total subscription of 69.41 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

69.41x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

97.07x

High Net-Worth

Retail (RII)

41.76x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 69.41x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	1,899,600	184,398,000	97.07x
RETAIL	1,899,600	79,320,000	41.76x
Total	3,799,200	263,718,000	69.41x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 43.73x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,167	48,734	41.76x
HNIs (10L +)	7	679	97.07x
HNIs (2-10L)	36	3,495	97.07x
Total Applications	1,210	52,908	43.73x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Teerth Gopicon Limited IPO is ₹16 per equity share. Based on the upper price band of ₹111 to ₹111 per equity share, the estimated listing price is ₹127 (+14.4% expected listing 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, the expected profit per application lot is approx ₹19,200 (+14.4% gain). Minimum application cost is approx ₹1,33,200.

What is the issue size and price band for Teerth Gopicon Limited IPO?

The Teerth Gopicon Limited IPO aggregate issue size is ₹44.4 Crores with an equity price band set at ₹111 to ₹111 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,33,200.

How can I check Teerth Gopicon Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 69.41x (Retail: 41.76x, QIB: 0.00x, NII: 97.07x). You can track live multiples directly on our dedicated subscription page.

Where and when will Teerth Gopicon Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-12. Investors can verify status using PAN card or application number.

When is the listing date for Teerth Gopicon Limited IPO?

Teerth Gopicon Limited shares are scheduled to list on NSE on 2024-04-16.