Teerth Gopicon IPO Subscribed 74.17 times

Teerth Gopicon IPO is a fixed price issue of Rs 44.40 crores. The issue comprises entirely a fresh offering of 40 lakh shares.

Teerth Gopicon IPO commenced its subscription on April 8, 2024, and concludes today, April 10, 2024. The allotment for the Teerth Gopicon IPO is scheduled to be finalized on Friday, April 12, 2024. The IPO is set to list on NSE SME, with the tentative listing date fixed as Tuesday, April 16, 2024.

Teerth Gopicon IPO is priced at ₹111 per share. The minimum lot size for an application is 1200 Shares, with a minimum investment requirement of ₹133,200 for retail investors. For HNIs, the minimum lot size investment is 2 lots (2,400 shares), amounting to ₹266,400.

Interactive Financial Services Ltd is the book running lead manager of the Teerth Gopicon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Teerth Gopicon IPO is Giriraj Stock Broking.

Teerth Gopicon IPO Subscription Status

Teerth Gopicon IPO subscribed 74.17x. The public issue subscribed 41.76x in the retail category, [.]x in QIB, and 96.97x in the NII category by April 10, 2024 5:52:33 PM.

The Teerth Gopicon IPO saw exceptional demand, with an overall subscription of 74.17 times, driven by overwhelming interest from Non-Institutional Buyers (NII) at 96.97 times and strong participation from retail investors at 41.76 times.

The subscription indicates high investor confidence in the IPO, reflecting robust market sentiment.

Teerth Gopicon Allocation Quota for Various Categories

Data Source: NSE

- The allocation for Market Maker shares constitutes 5.01% of the total issue size, indicating a smaller portion reserved for this category.

- Other shares offered account for the largest proportion, with 47.49% of the total issue size, suggesting significant participation from non-retail and non-market maker investors.

- Retail shares offered also make up 47.49% of the total issue size, indicating a substantial allocation for individual retail investors.

The total shares offered amount to 3,999,600 shares, representing the entirety of the IPO's issue size.

Teerth Gopicon IPO Subscription Details (times)

- The Teerth Gopicon IPO subscription surged progressively over the three days, with NII subscription skyrocketing on the final day, reaching an impressive 96.97 times.

- Retail investors also showed consistent interest, subscribing 41.76 times by the end.

- Overall, the IPO witnessed overwhelming demand across all investor categories, reflecting strong market anticipation and investor confidence in the company.