Explore the details of the Teerth Gopicon Limited IPO, its opening and closing dates, price per share, lot size, and more. Learn about the company’s background, financials, and objectives as it seeks to enhance infrastructure in Madhya Pradesh.
Introduction:
The Teerth Gopicon Limited IPO presents a significant opportunity for investors to participate in the growth story of a company dedicated to transforming infrastructure development in Madhya Pradesh. From its inception in 2019 to its upcoming IPO in 2024, Teerth Gopicon has demonstrated a commitment to excellence in civil engineering projects, including road construction, sewerage systems, and water distribution networks.
Key Highlights of Teerth Gopicon Limited IPO:
IPO Details:
- Opening Date: April 8, 2024
- Closing Date: April 11, 2024
- Total Shares: 4,000,000
- Face Value: ₹10 Per Equity Share
- Issue Size: ₹44.40 Cr.
- Lot Size: 1200 Shares
- Issue Price: ₹111 Per Equity Share
- Listing At: NSE Emerge
- Listing Date: April 16, 2024
Teerth Gopicon IPO Objectives:
The IPO aims to raise capital to fund working capital requirements and support general corporate purposes, reflecting the company’s strategic vision for expansion and development.
About Teerth Gopicon Limited:
Teerth Gopicon Limited, established in 2019, specializes in civil engineering projects vital for the development of infrastructure in Madhya Pradesh. With over 164 employees and a robust track record of executing diverse projects, including residential towers and government contracts, the company has positioned itself as a key player in the region’s construction sector.
Financial Performance:
- Revenue Growth: From ₹4,619 lakhs in FY21 to ₹3,915 lakhs in FY23.
- EBITDA Improvement: Increased from ₹1 crore in FY21 to ₹3 crore in FY23.
- Profit After Tax (PAT): Rose from ₹46 lakhs in FY21 to ₹1.79 crore in FY23.
- Market Capitalization: Currently valued at ₹133 crores with a P/E ratio of 14.15x based on FY24 earnings.
Core Competencies and Clientele:
Teerth Gopicon’s expertise extends across various civil engineering domains, serving both government and private sector clients. With a focus on quality, innovation, and client satisfaction, the company has secured contracts from prominent entities like Indore Smart City Development Limited and Madhya Pradesh Jal Nigam Maryadit.
Conclusion:
As Teerth Gopicon Limited ventures into the IPO market, its track record of excellence, commitment to quality, and strategic objectives position it for continued success in the infrastructure sector. Investors looking to capitalize on the growth potential of infrastructure development in Madhya Pradesh may find the Teerth Gopicon IPO an attractive opportunity to consider.