Teerth Gopicon IPO: Company Fixes Price Band; Issue to Open Next Week
Teerth Gopicon Ltd, an engineering construction and development company is all set to make the stock market debut. The company has worked as a registered civil contractor for various central and state government departments and has also undertaken building works for the private sector. Incorporated in 2019, Teerth Gopicon is engaged in the business of road construction, sewerage and water supply in Madhya Pradesh. The order book of the company as of January 31, 2024, is Rs 904.98 crore. For the April-January period of FY2023-24, the company reported a net profit of Rs 7.84 crore and revenue of Rs 69.70 crore. It reported a net profit of Rs 1.80 crore and revenue of Rs 39.15 crore in FY2022-23. Interactive Financial Services Ltd is the sole book-running lead manager.
Teerth Gopicon Price Band
The company has fixed the issue price at Rs 111 per share for its initial public offering.
Teerth Gopicon IPO Date
The maiden share sale will hit the capital market on April 8 and will close on April 10.
Teerth Gopicon IPO Details
The Ahmedabad-based company, which mainly focuses on roads, sewerage and water distribution projects, looks to raise up to Rs 44.40 crore from the SME public issue. The initial public offering comprises a fresh issue of 39.99 lakh equity shares of face value of Rs 10 each. It is a fixed-price issue.
Teerth Gopicon IPO Listing Details
The shares of the company will be listed on NSE’s SME platform Emerge.
Teerth Gopicon IPO Objective
The company proposes to use the net proceeds from the IPO to fund its expansion plans. It plans to utilise Rs 33.40 crore towards working capital requirements and Rs 10.24 crore towards general corporate purposes.
Teerth Gopicon IPO Lot Size
Investors can bid for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. The minimum investment is Rs 1.33 lakh.
Teerth Gopicon IPO Registrar
Bigshare Services is the registrar for the issue.
(PTI Inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
