Teerth Gopicon IPO Details ( Teerth Gopicon Limited IPO Review )
(8 Apr 2024 – 10 Apr 2024)
Teerth Gopicon Limited, established in 2019, specializes in road construction, sewerage, and water supply in Madhya Pradesh. Additionally, it has served as a subcontractor and constructed a residential tower in Indore.
The company operates as a registered contractor for various central and state governments including ISCDL, IMC, USCL, UMC, MPJNM, and has also executed projects for the private sector.
Teerth Gopicon Limited has successfully completed a diverse array of civil engineering projects encompassing building construction, water supply systems, pipelines, sewage networks, treatment plants, overhead tanks, road construction, and lake rehabilitation.
As of February 29, 2024, the company employs a total of 164 permanent staff across different departments, including workmen.
Teerth Gopicon Limited IPO Competitive Strength
- 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
Teerth Gopicon IPO Financials Performance ( Results )
Teerth Gopicon Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 3,115.47 | 4,620.74 | 46.45 | 594.22 | 94.22 | 933.82 |
| 31-Mar-22 | 4,277.16 | 3,120.77 | 15.27 | 609.49 | 109.49 | 1,365.50 |
| 31-Mar-23 | 4,743.30 | 3,914.87 | 179.22 | 788.70 | 288.70 | 337.98 |
| 31-Jan-24 | 13,719.79 | 6,970.02 | 784.04 | 1,572.74 | 772.74 | 937.18 |
Objective of Teerth Gopicon IPO Issue
- Funding the working capital requirements of the company; and
- General Corporate Purpose.
Teerth Gopicon IPO Basic Details
| IPO Date | Apr 8, 2024 to Apr 10, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹111 per share |
| Lot Size | 1200 Shares |
| Issue Size | 3,999,600 shares of ₹10 (aggregating up to ₹44.40 Cr) |
| Fresh Issue | 3,999,600 shares of ₹10 (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 |
| Company Promoters | Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani |
Teerth Gopicon IPO Reservation
| Market Maker Shares Offered | 5.01% of the Net Issue |
| Other Shares Offered | 47.49% of the Net Issue |
| Retail Shares Offered | 47.49% of the Net Issue |
Teerth Gopicon IPO Timetable
Teerth Gopicon IPO will open on April 8, 2024 and close on April 10, 2024. You can join Teerth Gopicon IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 8 April 2024 (Monday) |
| Closing Date | 10 April 2024 (Wednesday) |
| Basis of Allotment | 12 April 2024 (Friday) |
| Initiation of Refunds | 15 April 2024 (Monday) |
| Credit of Shares to Demat | 15 April 2024 (Monday) |
| Listing Date | 16 April 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 10 April 2024 |
Teerth Gopicon IPO Lot Size
For retail investors in Teerth Gopicon IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹133,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹133,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹133,200 |
| Retail (Max) | 1 | 1200 | ₹133,200 |
| S-HNI (Min) | 2 | 2400 | ₹266,400 |
Teerth Gopicon IPO Promoter Holding
The company’s promoters include Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani.
| Pre Issue Share Holding | 96.5% |
| Post Issue Share Holding | 64.33% |
Teerth Gopicon Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 133.2 |
| Earning Per Share (EPS) | ₹2.24 per Equity Share |
| Net Asset Value (NAV) | ₹15.77 per Equity Share |
| P/E Ratio (P/E) (x) | 49.55 |
| Post P/E Ratio (P/E) (x) | 14.16 |
| Return on Net Worth (RoNW) (%) | 22.72 |
| Return on equity (ROE) (%) | 66.40 |
| Return on Capital Employed (ROCE) (%) | 48.40 |
| Debt/Equity Ratio | 0.60 |
| Price/Book Value Ratio | 5.65 |
Teerth Gopicon IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹10 | – | – |
| 7 April 2024 | ₹10 | – | – |
| 6 April 2024 | ₹10 | – | – |
Teerth Gopicon IPO Detail Video:
Teerth Gopicon IPO Subscription Status (Bidding Detail)
The Teerth Gopicon IPO on April 10, 2024 at 7:02:00 PM was subscribed 75.54 times, with the retail category being subscribed 44.33 times, the other category being subscribed 97.12 times.
| Category | Subscription |
| Other | 97.12x |
| Retail | 44.33x |
| Total | 75.54x |
Teerth Gopicon IPO Prospectus
Teerth Gopicon IPO Rating
| Our Rating | 2.5/5.0 |
Teerth Gopicon Company Contact Information
Teerth Gopicon Limited
Registered office: 703, Sapath Complex-I, Opp. Rajpath Club, Near Madhur Hotel, Bodakdev, Ahmedabad-380054, Gujarat, India.
Tel No.: +91 91 9979840806
E-Mail: investor@teerthgopicon.com
Contact Person: Diksha Joshi, Company Secretary and Compliance Officer
Website: www.teerthgopicon.com
Corporate Identity Number: U45209GJ2019PLC110249
Promoters of the Company: Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani
Teerth Gopicon IPO Registrar
Bigshare Services Private Limited
Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093
Tel No.: +91 22-62638200
Website: www.bigshareonline.com
E-Mail: ipo@bigshareonline.com
Contact Person: Mr. Sagar Pathare
SEBI Reg. No.: INR000001385
Teerth Gopicon IPO Lead Manager
Address: Office No. 508, Fifth Floor, Priviera, Nehru Nagar, Ahmedabad – 380 015, Gujarat, India
Tel No.: 079 46019796
(M) +91-9898055647
Website: www.ifinservices.in
Email: mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Pradip Sandhir
SEBI Reg. No.: INM000012856
Teerth Gopicon IPO FAQs
What is the lot size of Teerth Gopicon IPO?
The total size of Teerth Gopicon IPO is ₹44.40 crores and this is a complete fresh Issue.
When will Teerth Gopicon IPO start?
Teerth Gopicon IPO will open from 8 April 2024 and IPO will close on 10 April 2024.
What is the open date of Teerth Gopicon IPO?
Teerth Gopicon IPO will open date from 8 April 2024.
What is the last date ( close date ) of Teerth Gopicon IPO?
Teerth Gopicon IPO will close from 10 April 2024.
What is the price band of Teerth Gopicon IPO?
Teerth Gopicon IPO price band is ₹111.
What is the minimum amount required to apply for Teerth Gopicon IPO?
The minimum investment for retailers to apply for Teerth Gopicon IPO is ₹133,200 and the maximum investment is ₹133,200.
What is going on gray market premium of Teerth Gopicon IPO?
View gray market premium of Teerth Gopicon IPO by Clicking Here
How much is the GMP of Teerth Gopicon IPO?
Watch Teerth Gopicon IPO GMP Today: Click Here
What is the allotment date of Teerth Gopicon IPO?
The allotment date of Teerth Gopicon IPO is 12 April 2024.
How to check allotment status in Teerth Gopicon IPO?
To check the allotment status of Teerth Gopicon IPO, first of all go to the registrar website by clicking here, select your bad Teerth Gopicon IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Teerth Gopicon IPO?
The listing date of Teerth Gopicon IPO is 16 April 2024.
How much will be the listing gain in Teerth Gopicon IPO?
View listing gain of Teerth Gopicon IPO by Clicking Here
How much time Teerth Gopicon IPO is subscribed?
Total 00.00 times subscribed in Teerth Gopicon IPO out of which 00.00 times subscription was done in retail quota, 00.00 times subscription in other quota.
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