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Teerth Gopicon Limited IPO

Teerth Gopicon Limited, a significant player in the infrastructure sector, has recently announced its Initial Public Offering (IPO), marking a significant milestone in its journey. Established in 2019, the company has swiftly emerged as a key player in road construction, sewerage, and water supply projects in Madhya Pradesh. With a commitment to quality, innovation, and customer satisfaction, Teerth Gopicon Limited IPO presents an enticing opportunity for investors looking to tap into the promising infrastructure market of Madhya Pradesh.

Teerth Gopicon IPO Details


Parameter Details
IPO Open Date Monday, April 8, 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
Total Issue Size ₹ 44.40 Cr
Lot Size 1200 Shares
Listing At NSE SME

Checkout the List of Upcoming IPO.

About the Company

Established in 2019, Teerth Gopicon Limited is a dynamic company deeply entrenched in the infrastructure landscape of Madhya Pradesh. The company has earned recognition as a reliable subcontractor, having notably erected a residential tower in the bustling city of Indore.

With a strong track record as a registered contractor for government entities like ISCDL, IMC, USCL, UMC, MPJNM, and private sector clients, Teerth Gopicon has executed diverse civil engineering ventures. From building construction to sewage treatment plants and water supply networks to road construction, the company has left its mark on a spectrum of projects.

Teerth Gopicon Financial Highlights

Period Ended 31 Jan 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 13,719.79 4,743.30 4,277.16 3,115.47
Revenue 6,970.02 3,914.87 3,120.77 4,620.74
Profit After Tax 784.04 179.22 15.27 46.45
Net Worth 1,572.74 788.70 609.49 594.22
Reserves and Surplus 772.74 288.70 109.49 94.22
Total Borrowing 937.18 337.98 1,365.50 933.82
*Amounts are in Rs. Lakh*

Teerth Gopicon Limited has seen significant growth, with assets reaching Rs. 13,719.79 Lakhs by January 2024, compared to Rs. 4,743.30 Lakhs in March 2023. Revenue surged to Rs. 6,970.02 Lakhs. Profits after tax rose to Rs. 784.04 Lakhs. The company's net worth stands at Rs. 1,572.74 Lakhs, with total borrowing at Rs. 937.18 Lakhs.

Teerth Gopicon Strengths & Weakness

Strengths Weaknesses

Demonstrated expertise in project management, meeting timelines and budget constraints.

Limited geographical focus in Madhya Pradesh, vulnerable to local developments.

Strong presence in Madhya Pradesh.

Intense competition may impact market position.

Emphasis on equipment ownership and maintenance.

Dependency on a few clients for revenue.

Specialisation in Water Supply projects.

Reliance on subcontractors for project execution.

How to apply in IPO via UPI on Dynami

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How to apply Teerth Gopicon Limited IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe Teerth Gopicon Limited IPO and approve the payment on your UPI ID.

Demat Account

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  • For new investor, get free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The IPO's price is set at Rs. 111 per share.

  • The IPO comprises 3,999,600 shares, amounting to Rs. 44.40 crore.

  • The minimum lot size for the Teerth Gopicon Limited IPO is 1,200 shares.

  • The minimum investment required is Rs. 133,200 for retail investors and Rs. 266,400 for High Net Worth Individuals (HNIs).