Teerth Gopicon Limited IPO GMP Price
Stay updated with the latest Grey Market Premium (GMP) trends for Teerth Gopicon Limited's IPO, indicating potential listing prices amid fluctuations.
by Alaguvelan M
Updated Apr 08, 2024
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Teerth Gopicon Limited IPO GMP Price
The latest update of the GMP on Teerth Gopicon SME IPO is ₹10. This means there is a lot of talk and speculation about its potential listing price. The IPO’s price band is set at ₹111.00, and experts estimate the listing price is around ₹121, in today’s GMP.
The expected gain per share is roughly 9.01%. Recent trends show that the GMP is on a bit of a downward slope, with today’s GMP likely to drop even further. The GMP has been fluctuating between ₹10 and ₹18. Keep your eyes on daily updates on Teerth Gopicon SME IPO GMP to catch the latest buzz of its expected price.
Teerth Gopicon Past Week IPO GMP Trend
GMP Date |
IPO Price |
GMP |
Estimated Listing Price |
|
08-04-2024 |
111.00 |
₹10 - GMP No Change |
₹121 (9.01%) |
|
07-04-2024 |
111.00 |
₹10 - GMP Down |
₹121 (9.01%) |
|
06-04-2024 |
111.00 |
₹18 - GMP No Change |
₹129 (16.22%) |
|
05-04-2024 |
111.00 |
₹18 - GMP Up |
₹129 (16.22%) |
|
04-04-2024 |
111.00 |
₹12 - GMP No Change |
₹123 (10.81%) |
Teerth Gopicon Limited IPO Details
The Teerth Gopicon Limited IPO is a fixed price of Rs 44.40 crores and consists entirely of fresh shares, it’s total of 40 lakh shares. It opens for subscription on April 8, 2024, and closes on April 10, 2024.
Allotment is expected to be finalized by April 12, 2024, with the IPO scheduled to list on NSE SME on April 16, 2024. Priced at ₹111 per share, the minimum lot size for application is 1200 shares, requiring a minimum investment of ₹133,200 for retail investors.
High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 2,400 shares and it’s amounting to ₹266,400.
Teerth Gopicon IPO Timeline
Teerth Gopicon IPO begins on April 8, 2024, and ends on April 10, 2024.
Event |
Date |
|
IPO Open Date |
Monday, April 8, 2024 |
|
Cut-off time for UPI mandate confirmation |
5 PM on April 10, 2024 |
|
IPO Close Date |
Wednesday, April 10, 2024 |
|
Basis of Allotment |
Friday, April 12, 2024 |
|
Initiation of Refunds |
Monday, April 15, 2024 |
|
Credit of Shares to Demat |
Monday, April 15, 2024 |
|
Listing Date |
Tuesday, April 16, 2024 |
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Teerth Gopicon Limited IPO GMP Price - FAQs
1. What is the current Grey Market Premium (GMP) for Teerth Gopicon Limited's IPO?
The latest update shows the GMP at ₹10.
2. How does the GMP influence the potential listing price of the IPO?
Experts estimate that the listing price could be around ₹121, considering today's GMP.
3. What does the fluctuation in the GMP indicate about investor sentiment?
Fluctuations between ₹10 and ₹18 suggest varying levels of investor interest and market speculation.
4. What is the significance of the expected gain per share, which is roughly 9.01%?
It indicates the potential profit investors may realize if they purchase shares at the IPO price and sell them at the estimated listing price.
5. How does today's GMP compare to previous trends?
Today's GMP reflects a downward trend, suggesting a possible decrease in investor optimism compared to previous days.
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