IPO Details
Bidding Dates
08 Apr 24 - 10 Apr 24
Price Range ₹
111 - 0
Total Equity
₹ 44.40Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
08 Apr 2024
Offer end
10 Apr 2024
Allotment
12 Apr 2024
Refund initiation
15 Apr 2024
Demat transfer
15 Apr 2024
Listing
16 Apr 2024
Offer start
08 Apr 2024
Offer end
10 Apr 2024
Allotment
12 Apr 2024
Refund initiation
15 Apr 2024
Demat transfer
15 Apr 2024
Listing
16 Apr 2024
About Company
Incorporated in 2019, Teerth Gopicon Limited focuses on road construction, sewerage, and water supply projects in Madhya Pradesh. Additionally, it has served as a subcontractor and constructed a residential tower in Indore. The company, registered as a contractor with central and state governments such as ISCDL, IMC, USCL, UMC, and MPJNM, undertakes various construction projects. Moreover, it has ventured into construction works for the private sector. Teerth Gopicon Limited stands as a versatile player in the infrastructure sector, delivering quality services and contributing to the development of Madhya Pradesh's infrastructure landscape.
Year Founded
10-10-2019
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 87 | 0 |
| Share Capital | 6960000 | 6960000 |
Offer to Public
40,00,000.00 Cr
Project Details
- Funding the Working Capital requirement - 275cr
Objectives
- Funding the working capital requirements of our Company
- andGeneral Corporate Purpose
Highlights
- Subject to regulatory changes and approvals for government contracts, which could lead to delays or disruptions.
- Registered contractor for various central and state government projects, ensuring a steady flow of projects and revenue.
- Experience in undertaking construction works for the private sector enhances revenue streams and business opportunities.
- Susceptible to economic downturns and fluctuations in infrastructure spending, affecting project demand and financial performance.
- Employment of 164 permanent employees signifies a strong and capable workforce contributing to project execution and efficiency.
Challenges
- Engaged in multiple sectors including road construction, sewerage, water supply, and building construction, providing diversification and revenue stability.
- Vulnerable to project delays, cost overruns, and quality issues inherent in construction projects, impacting profitability.
- Operating in a competitive industry with numerous players may affect pricing power and margins.
- Undertaking various civil engineering projects demonstrates versatility and capability in meeting diverse client needs.
- Managing a large workforce and multiple projects simultaneously may pose challenges in resource allocation and project oversight.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 13,623.00 | 800.00 | 170.00 | 170.00 | 2.125 |
| 2021 | 3,113.65 | 500.00 | 170.00 | 170.00 | 2.125 |
| 2022 | 4,272.23 | 500.00 | 1,156.00 | 1,156.00 | 14.45 |
| 2023 | 4,720.00 | 500.00 | 15.27 | 15.27 | 0.1909 |
