Teerth Gopicon Ltd IPO

Its business is concentrated in the state of Madhya Pradesh and any adverse development affecting its operations in the state could have an adverse impact on its business, financial condition and results of operations.

The company does not own registered office situated at Ahmedabad and Corporate office situated in Indore.

The company operates in a highly competitive environment.

The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

Delay in completion of projects may affect its reputation and revenue adversely.

The company has its own large fleet of Machineries and equipment, in absence of sufficient work load of project execution, its fleet remained unutilized.

Its revenues are derived primarily from contracts awarded to the company on a project-by-project basis, and a significant number of projects of infrastructure sector are undertaken on a non-recurring basis.

The company engage sub-contractors and other agencies in for the execution of various projects.

Government Works are allotted on the basis of compliance of prescribed pre-qualification criteria and following competitive price bidding. its business and the company financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company is prematurely terminated.

The Company is subject to high working capital requirements and its inability to fund these requirements in a timely manner may adversely impact its financial performance.