Teerth Gopicon Limited 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 IPO – Details
| IPO Opening Date | 08 April 2024 |
| IPO Closing Date | 10 April 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 39,99,600 Shares Worth ₹44.40 Crore Fresh Issue: 39,99,600 Shares Worth ₹44.40 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹111 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Teerth Gopicon IPO – Date Schedule
| IPO Open Date | 08 April 2024 |
| IPO Close Date | 10 April 2024 |
| Basis of Allotment | 12 April 2024 |
| Initiation of Refund | 15 April 2024 |
| Credit of Shares to Demat Account | 15 April 2024 |
| IPO Listing Date | 16 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 10, 2024 |
Teerth Gopicon IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,33,200 |
| Retail (Maximum) | 1 | 1200 | ₹1,33,200 |
| HNI (Minimum) | 2 | 2400 | ₹2,66,400 |
Competitive Strengths
- Extensive experience in managing and completing projects on time and within budget.
- Strong Presence in Madhya Pradesh.
- Continuous focus on Equipment ownership.
- Focused Player in Water Supply projects(WSP).
- Robust network and relationships with suppliers, enabling better negotiating power and access to high quality materials.
- Visible growth through a robust order book.
Company Promoters
- Maheshbhai Kumbhani
- Chandrikaben Kumbhani
- Pallav Kumbhani
Object Of The Issue
- Funding the working capital requirements of the company; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 46.20 | 45.52 | 0.46 | 9.33 |
| 31 March 2022 | 31.20 | 30.87 | 0.15 | 13.65 |
| 31 March 2023 | 39.14 | 36.63 | 1.79 | 3.37 |
| 31 January 2024 | 69.70 | 58.96 | 7.84 | 9.37 |
Key Performance Indicator
| 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 |
Teerth Gopicon IPO Promoter Holding
| Pre Issue Share Holding | 96.50% |
| Post Issue Share Holding | 64.33% |
Teerth Gopicon IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Interactive Financial Services Ltd |
Teerth Gopicon IPO FAQs
| What is Teerth Gopicon IPO? Teerth Gopicon IPO is a SME IPO. The issue is priced at ₹111 per equity share. The IPO is to be listed on NSE SME. |
| When Teerth Gopicon IPO will open? The IPO is to open on 08 April 2024 for Retails – 50% and Others – 50% Investors. |
| How to Teerth Gopicon IPO? You can apply for Teerth Gopicon IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Teerth Gopicon IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Teerth Gopicon”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Teerth Gopicon IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Teerth Gopicon”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Teerth Gopicon IPO Size? Teerth Gopicon IPO size is ₹44.40 crores. |
| What is Teerth Gopicon IPO Price Band? Teerth Gopicon IPO Price Band is ₹111. |
| What is Teerth Gopicon IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,33,200 amount while the maximum bid is 1200 shares with ₹1,33,200. |
| What is the Teerth Gopicon IPO Allotment Date? Teerth Gopicon IPO allotment date is 12 April 2024. |
| What is the Teerth Gopicon IPO Listing Date? Teerth Gopicon IPO listing date is 16 April 2024. The IPO is to list on NSE SME. |
