Teerth Gopicon Limited

08 Apr 2024 - 10 Apr 2024 Individual Category SME IPO NSE

Min Investment

₹266400

Price Band

₹111

Issue Size

40 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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08 Apr 2024

Open Date

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10 Apr 2024

Close Date

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12 Apr 2024

Allotment Date

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16 Apr 2024

Listing Date

Teerth Gopicon IPO is open for subscription starting Monday, April 8, 2024, and closing on Thursday, April 11, 2024. The price of this upcoming IPO is decided at Rs 111 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,33,200 (111 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,66,400 (111 x 2400 shares). Teerth Gopicon IPO is a book-built issue of Rs 44.40 crores. This upcoming IPO issue is completely a fresh issue of 40 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 12, 2024. Teerth Gopicon IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 16, 2024. The book-running lead manager of Teerth Gopicon IPO is Interactive Financial Services Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Teerth Gopicon Limited

Teerth Gopicon Limited was founded in 2017, engaged in the business of road construction, sewage and water supply in the state of Madhya Pradesh. The company also provides services as a subcontractor and built a residential tower in Indore. Teerth Gopicon has undertaken various works as a registered contractor of central and state government entities like ISCDL, IMC, UMC, etc. Company has also undertaken construction works for the private sector. Moreover, they have also undertaken a wide range of civil engineering projects such as pipelines, water supply, sewage treatment plant, overhead tanks, GSR, lake rehabilitation etc. As an EPC contractor, the company provides comprehensive services that include detailed engineering of product, procurement of construction and maintenance of commercial, residential and infrastructure. Company’s ongoing projects are Shahpura Karanjia - Dindori, MVS Sanaudha Sagar, Amrut 2.0 Ujjain, Garoli - Chhatarpur. 

Founded

2017

Managing Director

Mr.Maheshbhai Kumbhani

Parent Organization

IPO Objectives

The net amount received from this IPO will be utilised for funding the working capital requirements of the company. Other than this, general corporate purposes like acquisitions and capital expenditure etc will be fulfilled. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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