Teerth Gopicon Limited IPO : Important Information

Teerth Gopicon Limited IPO is set to launch on 8 April, 2024. The company initiated its business operations in the year 2019. It is engaged in the business of sewerage, road construction and water supply in Madhya Pradesh. It provides services as a subcontractor and built a residential tower in the city of Indore. Teerth Gopicon Limited works as a registered contractor for various government projects like IMC, ISCDL, USCL, MPJNM, UMC etc. It also undertakes work for the private sector. The company provides services such as water supply, building construction, sewage network, pipelines, nalla taps, sewage treatment plant, reuse network, GSR, overhead tanks, lake rehabilitation, road construction etc. It has an employee base of 119 people.

Teerth Gopicon Limited IPO DETAILS

Teerth Gopicon Limited IPO is set to launch on 8 April, 2024. The subscription timeline extends till 11 April, 2024. The size for the IPO is 44.40 Crore Rs. Shares issued through fresh issue mode are worth Rs 44.40 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 111 Rs. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Teerth Gopicon Limited IPO

Teerth Gopicon Limited IPO : IMPORTANT DATES

Teerth Gopicon Limited IPO begins for subscription from 8 April, 2024. The IPO subscription would continue till 11 April, 2024. The allotment status for the shareholders who applied would come on 12 April, 2024. The refunds for the ones who did not get allotment would be initiated on 15 April, 2024. The DEMAT accounts of shareholders would be credited on 15 April, 2024. The listing of the company would be completed on 16 April, 2024.

Teerth Gopicon Limited IPO : Lead Managers

The lead managers are :

• Interactive Financial Services Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 133200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 266400 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Teerth Gopicon Limited had an asset base of 3115 Lakh Rs in 2021 which increased to 4277 Lakh Rs in 2022 and 4743 Lakh Rs in 2023. The revenue of the firm was 4620 Lakh Rs in 2021 which decreased to 3120 Lakh Rs in 2022. The revenue of the firm was 3914 Lakh Rs in 2023. Profit of the company was 46 lakh Rs in 2021. This went down to 15 Lakh Rs in 2022. However in 2023 the profit of the company increased to 179 lakh Rs.

PROS

• Teerth Gopicon Limited works as a registered contractor for various government projects like IMC, ISCDL, USCL, MPJNM, UMC etc. It also undertakes work for the private sector. It provides services as a subcontractor and built a residential tower in the city of Indore. 
• The company provides services such as water supply, building construction, sewage network, pipelines, nalla taps, sewage treatment plant, reuse network, GSR, overhead tanks, lake rehabilitation, road construction etc. 
• It has an employee base of 119 people.

Teerth Gopicon Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Teerth Gopicon Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.