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Teerth Gopicon Limited IPO (Teerth Gopicon IPO) Detail

April 8, 2024 - April 10, 2024

Teerth Gopicon IPO is a fixed price issue of Rs 44.40 crores. The issue is entirely a fresh issue of 40 lakh shares.

Teerth Gopicon IPO bidding started from April 8, 2024 and ended on April 10, 2024. The allotment for Teerth Gopicon IPO was finalized on Friday, April 12, 2024. The shares got listed on NSE SME on April 16, 2024.

Teerth Gopicon IPO price is ₹111 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹133,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹266,400.

Interactive Financial Services Ltd is the book running lead manager of the Teerth Gopicon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Teerth Gopicon IPO is Giriraj Stock Broking.

Refer to Teerth Gopicon IPO RHP for detailed information.

Teerth Gopicon IPO Details

IPO Date April 8, 2024 to April 10, 2024
Listing Date April 16, 2024
Face Value ₹10 per share
Price ₹111 per share
Lot Size 1200 Shares
Total Issue Size3,999,600 shares
(aggregating up to ₹44.40 Cr)
Fresh Issue3,999,600 shares
(aggregating up to ₹44.40 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue8,000,000
Share holding post issue11,999,600
Market Maker portion200,400 shares
Giriraj Stock Broking

Teerth Gopicon IPO Reservation

Teerth Gopicon IPO offers 3,999,600 shares. 1,899,600 (47.49%) to NII, 1,899,600 (47.49%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered200,400 (5.01%)
Other Shares Offered1,899,600 (47.49%)
Retail Shares Offered1,899,600 (47.49%)
Total Shares Offered3,999,600 (100%)

Teerth Gopicon IPO Timeline (Tentative Schedule)

Teerth Gopicon IPO opens on April 8, 2024, and closes on April 10, 2024.

IPO Open Date Monday, April 8, 2024
IPO Close Date Wednesday, April 10, 2024
Basis of Allotment Friday, April 12, 2024
Initiation of Refunds Monday, April 15, 2024
Credit of Shares to Demat Monday, April 15, 2024
Listing Date Tuesday, April 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on April 10, 2024

Teerth Gopicon IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹133,200
Retail (Max) 1 1200 ₹133,200
HNI (Min) 2 2,400 ₹266,400
Lot Size Calculator

Teerth Gopicon IPO Promoter Holding

Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani are the promoters of the company.

Share Holding Pre Issue 96.5%
Share Holding Post Issue 64.33%

About Teerth Gopicon Limited

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.

Teerth Gopicon Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets13,719.794,743.304,277.163,115.47
Revenue6,970.023,914.873,120.774,620.74
Profit After Tax784.04179.2215.2746.45
Net Worth1,572.74788.70609.49594.22
Reserves and Surplus772.74288.70109.4994.22
Total Borrowing937.18337.981,365.50933.82
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Teerth Gopicon IPO is Rs 133.2 Cr.

KPI as of January 31, 2024.

KPI Values
ROE66.40%
ROCE48.40%
Debt/Equity0.6
RoNW22.72%
P/BV5.65
PAT Margin (%)11.26
Pre IPO Post IPO
EPS (Rs) 2.247.84
P/E (x) 49.5514.16
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of January 31, 2024 that is available in RHP.

Objects of the Issue (Teerth Gopicon IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding the working capital requirements of the company; and
  2. General Corporate Purpose.

Teerth Gopicon IPO Review (Apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. Its sudden growth in top and bottom lines from FY23 onwards raise eyebrows. Based on FY24 annualized super earnings, the issue appears fully priced. However, as claimed by the company, it has a pending order book worth Rs. 904+ cr. as of January 31, 2024 that includes high margin water supply projects to the tune of 85%. Considering this, investors may park funds for the medium to long term rewards. Read detail review...


Teerth Gopicon IPO Subscription Status (Bidding Detail)

The Teerth Gopicon IPO is subscribed 75.54 times on April 10, 2024 7:30:32 PM. The public issue subscribed 44.33 times in the retail category, times in the QIB category, and 97.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other97.12
Retail44.33
Total75.54

Total Application : 70,177 (44.33 times)

Teerth Gopicon IPO Prospectus

Teerth Gopicon IPO Rating

6
5.0
Rating:Rated 5.0 stars
Vote Here ...

Teerth Gopicon IPO Listing Details

Listing Date April 16, 2024
BSE Script Code
NSE Symbol TGL
ISIN INE0K6601012
Final Issue Price ₹111 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹111.00
₹125.00
₹123.00
₹131.25
₹131.25

Check IPO Performance…

Teerth Gopicon Limited Contact Details

Teerth Gopicon Limited
703, Sapath Complex-I, Opp. Rajpath Club,
Near Madhur Hotel,
Bodakdev, Ahmedabad-380054
Phone: +91 9979840806
Email: investor@teerthgopicon.com
Website: http://www.teerthgopicon.com/

Teerth Gopicon IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Teerth Gopicon IPO - Buy or Not

Teerth Gopicon IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Teerth Gopicon IPO FAQs

Teerth Gopicon IPO is a SME IPO of 3,999,600 equity shares of the face value of ₹10 aggregating up to ₹44.40 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200 Shares.

The IPO opens on April 8, 2024, and closes on April 10, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Teerth Gopicon IPO using UPI as a payment gateway. Zerodha customers can apply in Teerth Gopicon IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Teerth Gopicon IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Teerth Gopicon IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Teerth Gopicon IPO opens on April 8, 2024 and closes on April 10, 2024.

Teerth Gopicon IPO lot size is 1200 Shares, and the minimum amount required is ₹133,200.

You can apply in Teerth Gopicon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Teerth Gopicon IPO will be done on Friday, April 12, 2024, and the allotted shares will be credited to your demat account by Monday, April 15, 2024. Check the Teerth Gopicon IPO allotment status.

The Teerth Gopicon IPO listing date is on April 16, 2024.
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Teerth Gopicon IPO Message Board

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369 Comments

139. Aaashish |   Link |  Bookmark |May 6, 2024 2:05:19 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Good volume today

Sellers and buyers both active.

Bhailog, anyone holding it and watching it

Any specific target with rationale pls

If flippers have exited or not
How to check that specifically @rohiitian @MuStrFc  Or other experts who track bulk deals

It is valued around forward pe of 10 now if we assume that execution will be good

I think it won't run like a rocket now, will keep on walking if execution is good

If it executes well and wins new orders also

Well that will double this counter

Any contrarian views are welcome
139.5. MuStrFc |   Link |  Bookmark |May 9, 2024 3:44:23 PM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
ICICI has eAtm but with other associated costs, read T&C before trying. Further Zerodha is also gearing up and currently allows till 50K instant

@Aaashish
139.6. Aaashish |   Link |  Bookmark |May 9, 2024 3:50:09 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yes, I use zerodha and prostocks

zerodha(50K) feature doesn't work from time to time

i have seen 2 instances of it failing

Also, if i sell the share today, zerodha and prostocks, both of them allows placing withdrawal requests only the next day

any broker which allows to withdraw balance on same day( the day on which you sell the share)
138. Pinchhitter |   Link |  Bookmark |May 3, 2024 2:14:04 PM
Is this a multi bagger in making or some pumping going on? 12th UC on a row.
138.1. sloth |   Link |  Bookmark |May 4, 2024 11:14:54 AM
Operator driven stock net worth 15 cr only.....pata nahi Kahan Tak le jakar patak denge
137. Gai Bhens Paani Me |   Link |  Bookmark |May 2, 2024 12:57:22 PM
Added few lots today for the target of 300.
136. Manicool |   Link |  Bookmark |April 24, 2024 3:35:51 PM
1 allotted lot sold today
135. Nishantjaggi |   Link |  Bookmark |April 24, 2024 12:03:51 PM
Sold 1 lot on listing day@ 131

Holding 1lot, but today good volume traded. Now do I exit from here or keep it Holding.
134. Samraheja |   Link |  Bookmark |April 24, 2024 10:55:37 AM
1 lot today sold
133. Aaashish |   Link |  Bookmark |April 21, 2024 8:47:36 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks @rohiitian  And @MuStrFc  For the response

I think there will be some more UC going forward due to 12lakh+ buyers(atleast 2-3 UC)

The 4 flippers are a concern and can cause LC on any day but they shouldn't sell before 160-170 to have some profits

I hold AVP and was surprised why it didn't move even though it has good order book
And execution capabilities

Let's see how it unfolds in future
132. Gai Bhens Paani Me |   Link |  Bookmark |April 20, 2024 10:39:11 PM
@Dhiraj Ramchandani this stock will easily reached to 200 level if you wish to buy it.
That’s just my recommendation but do your own research before doing any type of investments.
132.7. Aaashish |   Link |  Bookmark |May 9, 2024 3:55:27 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Gai Bhens Paani Me 

apne sell kiya ya still holding

strong buying witnessed at 235 levels

i was initially thinking of selling it around 240-250, but looking at such strong buying, feels like this is being accumulated

any thesis on this, any rationale
132.8. Gai Bhens Paani Me |   Link |  Bookmark |May 9, 2024 4:12:02 PM
Yes, I sold my holdings at 245.95!
131. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 18, 2024 4:42:38 PM
Sold the allotted one lot @ Rs.137.80. Happy with the rate.
131.1. Squareb |   Link |  Bookmark |April 19, 2024 10:27:23 AM (200+ Posts)
I too sold my 1 lot today . There may be a few more upper circuits but I took a call .
130. Kapz |   Link |  Bookmark |April 16, 2024 11:39:16 AM
IPO Mentor IPO Mentor (800+ Posts, 400 Likes)
70% …28 lacs of 40 lacs shares have changed hands already. If the order book is indeed correct, this has legs to go much further. SRM had a similar potential but didn’t go too far.
Only two possible downsides are - LMs track record and Flippers. Need to see the bulk deals today to assess better.
130.8. Kapz |   Link |  Bookmark |April 26, 2024 2:50:36 PM
IPO Mentor IPO Mentor (800+ Posts, 400 Likes)
Dear @DHARMENDRA SHARMA , keep a close eye on Ramdevbaba Solvent. Giving a good entry point for a short-mid term benefit. Company is promising and sector expected to be buoyant.
130.9. Kapz |   Link |  Bookmark |May 2, 2024 10:46:57 AM
IPO Mentor IPO Mentor (800+ Posts, 400 Likes)
@DHARMENDRA SHARMA In my opinion, Basilic coming in a very good buying zone if you can hold 3-6 months. I Will be adding to my existing holdings too.
Ashish Kacholia has a significant stake too.
Please do your own due diligence.🙏😇
129. GrowthGuy |   Link |  Bookmark |April 16, 2024 11:17:34 PM
Any Bulk Deal(s)?
128. Aaashish |   Link |  Bookmark |April 16, 2024 11:41:31 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@rohiitian 

@MuStrFc 
@GrayIsTheNewBlack 

Other members

If anyone has read rhp in detail and done the analysis

1)Order book of 900 cr spread over how many years

2) Anticipation of new orders

3) projected earnings/profits

4) comparison with peers(p/e,p/s or anybother important metric)

The UC is strong with 3lakh+ buyers

Seems Tomorrow will also be UC

Thanks in advance
128.10. MuStrFc |   Link |  Bookmark |April 19, 2024 10:15:42 PM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
@Aaashish I have been personally visited near Jabalpur, Chhatarpur where they are operating and Smart City Work is under process in these areas which involves pipeline as well. Contracts don't get cancelled like this.

But i also don't expect it to post like to like numbers going forward, as before entering IPO every company showcases rosy numbers but not so afterwards, in many to most cases. More so if it does, price cannot rise without PE getting expanded and expansion happens only when liquidity is more, given the results to be on similar lines
128.11. Aaashish |   Link |  Bookmark |April 23, 2024 2:52:39 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@MuStrFc  and @rohiitian 

thanks for your inputs on this

i commented earlier also thanking you on the same day but it wasn't published so accept my gratitude( a bit late in this case perhaps)
127. IPONEED |   Link |  Bookmark |April 16, 2024 1:16:31 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
@diwan kapoor 
almost 70% + shares sold and share lock at UC With 250000+
what is the next directions ?
127.1. Simply Vicky |   Link |  Bookmark |April 16, 2024 2:21:35 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Just 2-3 UC
127.2. diwan kapoor |   Link |  Bookmark |April 16, 2024 2:21:43 PM
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
Yes.. Very strong UC...
Enjoy untill uc prevail..
Seems nothing to loose from here..
All the best.. Bandhu !!
126. Nishantjaggi |   Link |  Bookmark |April 16, 2024 10:25:01 AM
I have 2 lots in retail, sale krdu preoperative m ya hold KARE? Experienced persons please guide
126.2. Nishantjaggi |   Link |  Bookmark |April 16, 2024 11:07:07 AM
Sold 1 lot @131, holding 1 lot
126.3. Sumya |   Link |  Bookmark |April 16, 2024 11:37:08 AM
I have sold my both lots in UC.
125. Squareb |   Link |  Bookmark |April 16, 2024 11:03:13 AM (200+ Posts)
Locked at upper circuit as of now . Let's keep a watch . What's your views , esteemed members ?
124. ARJUN'S EYE |   Link |  Bookmark |April 16, 2024 10:46:39 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Sold...
124.1. Vbhav |   Link |  Bookmark |April 16, 2024 10:50:50 AM (200+ Posts)
Exit in pre open

Dar sabko lagta hai ...
123. sang |   Link |  Bookmark |April 16, 2024 9:57:23 AM
TEERTH LIVE 13/14
123.1. Simply Vicky |   Link |  Bookmark |April 16, 2024 10:50:27 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Listed@125...cant say good listing...but it was ok
122. ARJUN'S EYE |   Link |  Bookmark |April 16, 2024 9:56:02 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Teerth Gopicon Ltd NSE SME IPO.
NSE Code:-23530                              
Symbol:-TGL
Group:-ST
ISIN:-INE0K6601012      
Issue Price:-111/-
Market Lot:-1200 Shares
Face Value:-10/-
Listing At:-NSE SME
121. AparCkt |   Link |  Bookmark |April 16, 2024 9:43:39 AM
इस मार्केट कंडीशन पे आईपीओ खरीदना ये सबसे बड़ा रिस्क और लिस्टिंग के बाद देवड़ा जी के कहे अनुसार को होल्ड करो, होल्ड करना दूसरा बड़ा रिस्क होगा.. need your इनपुट guys
120. Squareb |   Link |  Bookmark |April 16, 2024 1:35:32 AM (200+ Posts)
GMP inching up slowly after big fall . Hope it lists reasonably well . Good luck to all the allottees.