Teerth Gopicon IPO

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.

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: Funding the working capital requirements of the company; and General Corporate Purpose.

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