Teerth Gopicon Limited IPO
- IPO Date08 Apr, 2024 to 10 Apr, 2024
- Listing Date16 Apr, 2024
- Face Value₹10 per share
- Issue Price₹111 to ₹111 per share
- Lot Size1200 Shares
- Minimum Investment₹1,33,200
- Listing AtNSE SME
- Total Issue Size39,99,600 Shares
(aggregating up to ₹44.40 Cr) - Fresh Issue39,99,600 Shares
(aggregating up to ₹44.40 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue80,00,000
- Shareholding post issue1,19,99,600
IPO Dates
Closing Date
10 Apr, 2024
Initiation of Refunds
15 Apr, 2024
Listing Date
16 Apr, 2024
08 Apr, 2024
Opening Date
12 Apr, 2024
Basis of Allotment
15 Apr, 2024
Credit of Shares
Teerth Gopicon Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1200 | ₹1,33,200 |
| Retail (Min) | 1 | 1200 | ₹1,33,200 |
| HNI (Min) | 2 | 2400 | ₹2,66,400 |
Teerth Gopicon Limited Promoter Holding
Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.5% | 64.33% |
Teerth Gopicon Limited COMPANY INFORMATION
Teerth Gopicon IPO is a fixed price issue of Rs 44.40 crores. The issue is entirely a fresh issue of 40 lakh shares. Teerth Gopicon IPO opens for subscription on April 8, 2024 and closes on April 10, 2024. The allotment for the Teerth Gopicon IPO is expected to be finalized on Friday, April 12, 2024. Teerth Gopicon IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 16, 2024. Teerth Gopicon IPO price is ₹111 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹133,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹266,400. Interactive Financial Services Ltd is the book running lead manager of the Teerth Gopicon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Teerth Gopicon IPO is Giriraj Stock Broking. Refer to Teerth Gopicon IPO RHP for detailed information.
Teerth Gopicon Limited was incorporated in 2019 and is engaged in the business of road construction, sewerage and water supply in Madhya Pradesh. The company has also provided services as a subcontractor and built a residential tower in the city of Indore.
The company has undertaken various works as a registered contractor of various central and state governments like ISCDL, IMC, USCL, UMC, MPJNM etc. and has also undertaken construction works for the private sector.
The company has undertaken a wide range of civil engineering projects such as building construction, water supply, pipelines, sewage network, sewage treatment plant, nalla taps, reuse network, overhead tanks, GSR, road construction, lake rehabilitation, etc.
As at February 29, 2024, the company had a total of 164 permanent employees (including workmen) in various departments.
FAQs About Teerth Gopicon Limited Ipo
Teerth Gopicon Limited IPO will open on 08 Apr, 2024 and close on 10 Apr, 2024. Investors must apply within this period to participate.
The Teerth Gopicon Limited IPO price band is set between ₹111.00 and ₹111.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹133200.00.
The Teerth Gopicon Limited IPO shares are expected to be listed on 16 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Teerth Gopicon Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Teerth Gopicon Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.