Teerth Gopicon IPO: Check Subscription Status, GMP Today.
Teerth Gopicon Ltd, which primarily focuses on roads, sewerage and water distribution tasks, appears to boost as much as Rs 44.40 crore from the SME public situation
Teerth Gopicon Ltd, an engineering building and improvement firm, on Friday mounted the difficulty value at Rs 111 per share for its preliminary public providing which can hit the capital market on April 8. The Ahmedabad-based firm, which primarily focuses on roads, sewerage and water distribution tasks, appears to boost as much as Rs 44.40 crore from the SME public situation, the corporate stated in an announcement.
The preliminary share sale will open for subscription on Monday and shut on April 10, it added.
The shares of the corporate will likely be listed on NSE’s SME platform Emerge.
The preliminary public providing contains a contemporary situation of 39.99 lakh fairness shares of face worth of Rs 10 every. It is a set-value situation.
The firm proposes to make use of the online proceeds from the IPO to fund its growth plans. It plans to utilise Rs 33.40 crore in the direction of working capital necessities and Rs 10.24 crore in the direction of common company functions.
Investors can bid for no less than 1,200 fairness shares and in multiples of 1,200 fairness shares thereafter. The minimal funding is Rs 1.33 lakh.
Incorporated in 2019, Teerth Gopicon is engaged within the enterprise of street building, sewerage and water provide in Madhya Pradesh.
The firm has labored as a registered civil contractor for varied central and state authorities departments and has additionally undertaken constructing works for the personal sector.
The order ebook of the corporate as of January 31, 2024, is Rs 904.98 crore.
For the April-January interval of FY2023-24, the corporate reported a internet revenue of Rs 7.84 crore and income of Rs 69.70 crore.
It reported a internet revenue of Rs 1.80 crore and income of Rs 39.15 crore in FY2022-23.
Interactive Financial Services Ltd is the only ebook-operating lead supervisor, whereas Bigshare Services is the registrar for the difficulty.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)
