Teerth Gopicon Limited IPO

Teerth Gopicon Limited was incorporated in 2019 and is 

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.

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 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 December 31, 2023, the company had a total of 119 permanent employees (including workmen) in various departments.

 

Teerth Gopicon Limited Financial Information (Restated)

Teerth Gopicon Limited’s revenue increased by 25.45% and profit after tax (PAT) rose by 1073.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,541.304,743.304,277.163,115.47
Revenue3,741.783,914.873,120.774,620.74
Profit After Tax339.52179.2215.2746.45
Net Worth1,128.23788.70609.49594.22
Reserves and Surplus628.23288.70109.4994.22
Total Borrowing545.86337.981,365.50933.82
Amount in ₹ Lakhs

Objects of the Issue (Teerth Gopicon IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding the working capital requirements of the company; and
  2. General Corporate Purpose.

Teerth Gopicon IPO Timeline (Tentative Schedule)

Teerth Gopicon IPO opens on April 8, 2024, and closes on April 11, 2024.

IPO Open DateMonday, April 8, 2024
IPO Close DateThursday, April 11, 2024
Basis of AllotmentFriday, April 12, 2024
Initiation of RefundsMonday, April 15, 2024
Credit of Shares to DematMonday, April 15, 2024
Listing DateTuesday, April 16, 2024
Cut-off time for UPI mandate confirmation5 PM on April 11, 2024

SHARIAH SCREENING for - Teerth Gopicon Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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