What you Must know about Teerth Gopicon IPO?

About Teerth Gopicon Limited

Teerth Gopicon Limited was launched in 2019, it deals with the business construction of sewage, roads, and water supply in Madhya Pradesh. Recently the company declared that it has more than 164 employees including women. The net worth of the company as of 31 January 2024 was estimated to be 1572.74 lakhs.

Teerth Gopicon IPO is scheduled to open on April 8, 2024. It has a goal of raising 44.40 crore rupees by issuing around 40 lakh equity shares fixed at Rs. 111 per share. The IPO subscription period will be from April 8 to April 11, 2024, while the allotment date is scheduled for Friday, April 12, 2024. The tentative date for the company to be listed on NSE SME is fixed on April 16, 2024. The minimum retail for a lot size for 12000 shares is set to 133,200 rupees while the maximum retail for one lot for 1200 shares is set to the same amount.

Important Details of Teerth Gopicon Limited:

With robust growth in the market, the company has set up a remarkable journey towards building new projects.

The company made an exclusive growth where last year FY23 the company had a net worth of  788.70 lakhs while this year on 31 January 2024 the net worth of the company increased to 1572.74 lakhs. Currently, the market capitalization of Teerth Gopicon Limited is Rs. 133.2 crores.

Working areas of the Teerth Gopicon Limited:

The Teerth Gopicon Limited works on civil engineering projects like building construction, sewage treatment plants, reuse networks, pipelines, water supply, overhead tanks, road construction, lake redhibition, and many more. In Indore, the company has also built a residential tower as a subcontractor service.

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

Important dates for Teerth Gopicon Limited:

This year has been a crucial year for Teerth Gopicon Limited with some strong deals and in terms of winning the market.

To capture the market the company has even taken contracts from the registered contractors of the central and state governments along with construction work from the private sector. Some major contractors of Teerth Gopicon Limited are ISCDL, IMC, UMC, MPJNM, USCL, and many more.