Teerth Gopicon IPO allotment expected today: Steps to check status and other key details

Teerth Gopicon IPO share allotment status is expected to be finalised on Friday, April 12, following a whopping 71 times oversubscription in the three-day bidding process, which closed on April 10.

With the end of the bidding process, the focus has now shifted to IPO share allotment and listing.

Investors will be able to check the status of share allotment through the NSE website or IPO registrar Bigshare Services Pvt Ltd's portal.

Steps to check the Teerth Gopicon IPO share allotment status on the NSE:

• Visit the NSE website - https://www.nseindia.com/
• Complete the registration process
• Log in with ID and password created
• Select Teerth Gopicon from the drop-down list
• Enter PAN and application number
• Click the 'Submit' button

Steps to check Teerth Gopicon IPO allotment on Bigshare Services' portal:

• Visit Bigshare Services website - https://www.bigshareonline.com/
• Locate the 'Ipo Allotment Status' tab on the homepage
• Select a server
• Choose Teerth Gopicon from the drop-down list of company names
• Enter any of these- application number, CAF number, beneficiary ID, or PAN
• Enter 'Captcha' and hit the 'Search' button.

It should be noted that investors can check the share subscription status only after the basis of allotment is finalized by the company. Successful bidders can also see the number of shares allotted to them and the quantity they bid for.

After share allotment, Teerth Gopicon - an infrastructure development firm - will initiate refunds to those investors who have failed to receive shares in the bidding on April 15. Successful applicants will receive shares in their Demat accounts on the same day.

Teerth Gopicon IPO shares will be listed on the NSE SME platform, with a tentative listing date fixed as April 16, 2024.

Teerth Gopicon IPO subscription

Teerth Gopicon IPO, entirely a fresh issue of 40 lakh shares, received applications for 26.9 crore shares against 37.99 lakh shares on offer, resulting in 71 times oversubscription, NSE data showed.

The non-institutional investors' (NIIs) segment was booked 88 times, with bids coming in for 16.64 crore shares against 18.99 lakh shares on offer under the category. In the retail investors category, the public issue received bids for 8.42 crore shares against 18.99 lakh shares offered, getting subscribed 44 times. There was no anchor portion in the IPO.

Teerth Gopicon IPO details

Teerth Gopicon IPO price was set at ₹111 per share, with a minimum lot size for an application at 1,200 shares. Retail investors were required to invest a minimum ₹1,33,200 for one lot of shares.

For high-networth individuals, the minimum lot size was two lots, or 2,400 shares, amounting to an investment of ₹2,66,400.

Of the 39.99 lakh shares under the IPO, the company offered 47.49% shares to NIIs and the same quantity to retail buyers. Market maker's portion was 5.01%.

Teerth Gopicon is an infrastructure development firm involved in road construction, sewerage and water supply projects primarily in Madhya Pradesh.

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