Teerth Gopicon Makes A Strong Market Entry, Shares Opening 12.6% Higher at ₹125 on NSE SME

Teerth Gopicon debuted on the NSE SME with its shares opening at ₹125, a 12.6% premium, showing robust investor interest and confidence in the company’s market potential.
Teerth Gopicon Makes A Strong Market Entry, Shares Opening 12.6% Higher at ₹125 on NSE SME

Teerth Gopicon’s shares began trading on the NSE SME platform with an impressive start, opening at ₹125, which is a 12.6% premium over the issue price of ₹111. The company’s stock market debut showed strong investor interest, reflecting confidence in its potential.

The Teerth Gopicon IPO, with a price of ₹111 and face value ₹10, opened on April 8 and closed on April 10, oversubscribed by 75.54 times. It offered lots of 1,200 shares, distributing specific portions to market makers, NIIs, and RIIs alike.

Teerth Gopicon specializes in engineering and construction, focusing on road, sewage, and water projects primarily in Madhya Pradesh. It has built residential complexes in Indore and worked as a subcontractor, completing numerous government and private sector projects as a registered civil contractor.

Teerth Gopicon Ltd IPO aims to raise INR 27.50 crores to fund its significant working capital needs. Excess funds will support corporate objectives such as strategic acquisitions, partnerships, marketing, and branding initiatives.

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