Teerth Gopicon Limited IPO
Teerth Gopicon Limited IPO
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Teerth Gopicon Limited's successfully completed its Initial Public Offering and commenced trading on 16-04-2024 at the NSE exchange. The company raised 39,99,600 Shares through this public offering, comprising 39,99,600 Shares in fresh capital.
The IPO was priced within the band of ₹111 to ₹111, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from 08-04-2024 to 10-04-2024.
Share allotment was finalized on 12-04-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Teerth Gopicon IPO About Company
Teerth Gopicon Limited, established in 2019, is a fast-growing infrastructure development company primarily operating in Madhya Pradesh. Specializing in road construction, sewerage, and water supply projects, the company has also expanded its expertise into residential tower projects in Indore. As a registered contractor for government bodies like ISCDL, IMC, USCL, UMC, and MPJNM, along with private sector clients, Teerth Gopicon has built a diverse portfolio encompassing civil engineering, sewage treatment plants, and road networks. Backed by a dedicated team of 164 permanent employees as of February 29, 2024, the company remains committed to delivering excellence and fostering sustainable growth in the infrastructure sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Teerth Gopicon IPO Strength Factors
- Geographical Concentration Risk: A strong presence in Madhya Pradesh is beneficial, but over-reliance on a single region exposes the company to risks like policy changes, economic downturns, and competition within the state. Expanding operations to other regions could help diversify revenue streams.
- Capital-Intensive Equipment Ownership: While owning equipment provides operational control, it also demands high capital investment and ongoing maintenance costs. Ensuring optimal utilization and upgrading machinery strategically is crucial to maintaining cost-efficiency.
- Sectoral Focus on Water Supply Projects: Specializing in WSP offers expertise but also limits diversification. Any slowdown in government projects or policy changes in this sector could impact business. Expanding into complementary infrastructure areas could mitigate this risk.
Teerth Gopicon IPO Risk Factors
- Operational Coordination & Efficiency: and adopting strong communication systems, ERP tools, and centralized databases can improve coordination between the Ahmedabad and Indore offices, enabling faster decisions and smoother workflows.
- Navigating Competition: and focusing on water supply project specialization while expanding into other infrastructure areas, supported by technology, sustainable practices, and cost-efficient solutions, can help the company stay ahead of competitors.
- Managing Working Capital Challenges: and improving financial planning, negotiating better payment terms, maintaining strong banking relationships, and forming joint ventures for large projects can help manage liquidity and support large-scale project execution.
Teerth Gopicon IPO Lead Manager(s)
- Interactive Financial Services Limited
Teerth Gopicon IPO Promoter(s)
- Maheshbhai Kumbhani
- Chandrikaben Kumbhani
- Pallav Kumbhani
Teerth Gopicon IPO FAQs
Teerth Gopicon Limited IPO subscribed 69.41 times. The public issue subscribed 41.76 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 8:28:06 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Teerth Gopicon IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Teerth Gopicon IPO FAQs
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