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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.
| 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 Size | 3,999,600 shares (aggregating up to ₹44.40 Cr) |
| Fresh Issue | 3,999,600 shares (aggregating up to ₹44.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 11,999,600 |
| Market Maker portion | 200,400 shares Giriraj Stock Broking |
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 Offered | 200,400 (5.01%) |
| Other Shares Offered | 1,899,600 (47.49%) |
| Retail Shares Offered | 1,899,600 (47.49%) |
| Total Shares Offered | 3,999,600 (100%) |
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 |
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 | |||
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% |
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.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,719.79 | 4,743.30 | 4,277.16 | 3,115.47 |
| Revenue | 6,970.02 | 3,914.87 | 3,120.77 | 4,620.74 |
| Profit After Tax | 784.04 | 179.22 | 15.27 | 46.45 |
| Net Worth | 1,572.74 | 788.70 | 609.49 | 594.22 |
| Reserves and Surplus | 772.74 | 288.70 | 109.49 | 94.22 |
| Total Borrowing | 937.18 | 337.98 | 1,365.50 | 933.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Teerth Gopicon IPO is Rs 133.2 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 66.40% |
| ROCE | 48.40% |
| Debt/Equity | 0.6 |
| RoNW | 22.72% |
| P/BV | 5.65 |
| PAT Margin (%) | 11.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.24 | 7.84 |
| P/E (x) | 49.55 | 14.16 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 97.12 |
| Retail | 44.33 |
| Total | 75.54 |
Total Application : 70,177 (44.33 times)
| Listing Date | April 16, 2024 |
| BSE Script Code | |
| NSE Symbol | TGL |
| ISIN | INE0K6601012 |
| Final Issue Price | ₹111 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹111.00 |
| ₹125.00 |
| ₹123.00 |
| ₹131.25 |
| ₹131.25 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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