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TCS, HDFCBANK, SBI Liquid Fund (G)
Teerth Gopicon Ltd.

TGL

Equity

NSE

Min. Investment

1,11,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage870
Share Capital69600006960000

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20213,113.65500.0015.2715.270.1909
202413,623.00800.001,156.001,156.0014.45
20224,272.23500.0015.2715.270.1909
20234,720.00500.001,156.001,156.0014.45
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