Teerth Gopicon IPO

Company details

Teerth Gopicon Limited are an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in the Madhya Pradesh. They have also worked as sub-contractors and constructed residential tower in the city of Indore. They have a track record of not less than 5 years. The company has taken up various work as a registered Civil contractor of various Central/State Government like ISCDL, IMC, USCL, UMC, MPJNM etc. and also executed building works for private sector.

 

The company has executed wide range of civil engineering projects like building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, Re-use network, Over Head Tanks, GSR, Road work, Rejuvenation of Lake etc. As an EPC contractor, the scope of their services includes detailed engineering of the project, procurement of construction materials, plant and machinery, construction and execution of the project and its operation and maintenance in accordance with the contractual provisions.

Their manpower, resources and fleet of machinery and equipment, together with their engineering capabilities, enables them to execute a large number of projects simultaneously. They believe that their resources, quality of work and project execution skills have enabled them to enhance their relationships with existing clients and helps them to further secure projects from new clients. Contracts are primarily awarded through “Competitive Bidding” Tender method based on combination of factors amongst which technical qualifications, proposed project team, schedule, past performance on similar projects, the bid amount are the major determining factors. The process requires each bidder to prequalify for the activities by meeting criteria that includes technical capabilities and financial strength.

 

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  • Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
  • Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
  • Click on the Current IPO tab and select the IPO of your choice.
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
  • Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
  • Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

  • Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
  • From the list of Active IPOs, select the IPO of your choice
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
  • Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
  • Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

Why trade in Futures and Options?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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FAQs

Yes. IPO & Bonds will reflect in the portfolio.

In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.

Bidding time will be till 1200 hrs on the closing day of the issue.

Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.

Yes, you will receive a sms once the IPO form is processed.

BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).

This report provides the debit/credit entry of all the transfers done in the IPO and MF account

Click here to check the status of your IPO application

This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).

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