The Teerth Gopicon IPO is set to open on April 8, 2024, aiming to raise ₹44.40 crores through the issuance of 4,000,000 equity shares at a price of ₹111 per share. The IPO subscription runs from April 8 to April 11, 2024, with the allotment date set for April 12, 2024.
Teerth Gopicon IPO
The Teerth Gopicon IPO, a fixed price offering of ₹44.40 crore, opens for subscription on April 8th, 2024 and closes on April 11th.
| Detail | Description |
| IPO Date | April 8, 2024 to April 11, 2024 |
| Listing Date | To be announced (Tentatively April 16, 2024) |
| Face Value | ₹10 per share |
| Price | ₹111 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,000,000 shares (aggregating up to ₹44.40 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹44.40 Cr) |
| Issue Type | Fixed Price Issue |
| Listing Exchange | NSE SME |
| Shareholding (Pre-Issue) | 8,000,000 Shares |
| Shareholding (Post-Issue) | 12,000,000 Shares |
Shares are priced at ₹111 each with a minimum investment of ₹133,200 for 1200 shares. If allotted, expect to see shares on the NSE SME exchange by April 16th.
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Teerth Gopicon IPO Reservation
The Teerth Gopicon IPO will reserve shares for different investor categories, following the guidelines set by the Securities and Exchange Board of India (SEBI).
- Retail Individual Investors (RIIs):
- Will be offered 50% of the net issue size.
- This means retail investors will have the opportunity to subscribe for half of the total shares offered in the IPO.
- Other Investor Categories:
- The remaining 50% of the net issue size will be offered to institutional investors, corporate bodies, and high net-worth individuals (HNIs).
- The net offer size refers to the total issue size minus the shares reserved for promoters or employees (if applicable).
- The final allocation of shares within each category will depend on the subscription received from each investor group.
Teerth Gopicon IPO Lot Size
The Teerth Gopicon IPO follows a system for bidding. Here’s a breakdown of the lot size and investment details:
- Minimum Lot Size: 1200 Shares
- Minimum Investment:
- Retail Investors: ₹133,200 (for 1 lot of 1200 shares)
- Maximum Investment per Retail Investor:
- Since the lot size is fixed at 1200 shares and the price is fixed at ₹111 per share, retail investors can only apply for a maximum of 1 lot (1200 shares). Therefore, the maximum investment amount for retail investors remains ₹133,200.
- HNI Investment:
- High Net-worth Individuals (HNIs) can apply for multiple lots.
- Minimum investment for HNIs: 2 lots (2400 shares) amounting to ₹266,400 (2 lots × 1200 shares/lot × ₹111/share)
- Investors can only bid for whole lots, not fractional shares.
- To participate in the IPO, retail investors need to have a minimum of ₹133,200 available in their investment account.
- HNIs can invest higher amounts by applying for multiple lots.
Teerth Gopicon IPO Timeline
Here’s a breakdown of the key dates associated with the Teerth Gopicon IPO:
- IPO Open Date: Monday, April 8, 2024
- IPO Close Date: Thursday, April 11, 2024
- Important Note: Ensure your UPI mandate is confirmed by the cut-off time, which is 5 PM on April 11, 2024. You won’t be able to participate in the IPO if your UPI mandate isn’t confirmed by this deadline.
- Basis of Allotment: Friday, April 12, 2024 (Tentative)
- This is when the company finalizes share allotment based on investor subscriptions.
- Initiation of Refunds: Monday, April 15, 2024 (Tentative)
- Unsuccessful applicants will receive a refund of their application money around this date.
- Credit of Shares to Demat: Monday, April 15, 2024 (Tentative)
- If your application is successful, the allotted shares will be credited to your Demat account by this date.
- Listing Date: Tuesday, April 16, 2024 (Tentative)
- This is the tentative date when the company’s shares are expected to start trading on the NSE SME exchange.
Applying for Teerth Gopicon IPO Online
The steps involved in applying for the Teerth Gopicon IPO online through your broker:
- Login to your Broker’s Online Platform: Access your online trading account provided by your broker.
- IPO Section: Locate the IPO section within your broker’s platform. It might be labelled “Public Issues,” “Upcoming IPOs,” or something similar.
- Search for Teerth Gopicon IPO: Find the Teerth Gopicon IPO listing and select it.
- Enter Application Details: Enter the number of lots you wish to apply for (remember the minimum lot size is 1200 shares).
- UPI Mandate Confirmation: Review and confirm the UPI mandate linked to your demat account. This authorises the debit of funds for your IPO application.
- Submit Application: Double-check all details and submit your application electronically.