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 opens for subscription on April 8, 2024 and closes on April 11, 2024. The allotment for the Teerth Gopicon IPO is expected to be finalized on Friday, April 12, 2024. Teerth Gopicon IPO will list on NSE SME with tentative listing date fixed as Tuesday, 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.
Refer to Teerth Gopicon IPO DRHP for detailed information.
Teerth Gopicon IPO Details
| IPO Date | April 8, 2024 to April 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹111 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,000,000 shares (aggregating up to ₹44.40 Cr) |
| Fresh Issue | 4,000,000 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 | 12,000,000 |
Teerth Gopicon IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Teerth Gopicon IPO Timeline (Tentative Schedule)
Teerth Gopicon IPO opens on April 8, 2024, and closes on April 11, 2024.
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Thursday, April 11, 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 11, 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 | 87.00% |
| Share Holding Post Issue |
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 December 31, 2023, the company had a total of 119 permanent employees (including workmen) in various departments.
Teerth Gopicon Limited Financial Information (Restated)
Teerth Gopicon Limited’s revenue increased by 25.45% and profit after tax (PAT) rose by 1073.67% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,541.30 | 4,743.30 | 4,277.16 | 3,115.47 |
| Revenue | 3,741.78 | 3,914.87 | 3,120.77 | 4,620.74 |
| Profit After Tax | 339.52 | 179.22 | 15.27 | 46.45 |
| Net Worth | 1,128.23 | 788.70 | 609.49 | 594.22 |
| Reserves and Surplus | 628.23 | 288.70 | 109.49 | 94.22 |
| Total Borrowing | 545.86 | 337.98 | 1,365.50 | 933.82 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Teerth Gopicon IPO is Rs 133.2 Cr.
KPI as of September 2, 2023.
| KPI | Values |
|---|---|
| ROE | 30.09 |
| ROCE | 31.76 |
| Debt/Equity | 0.48 |
| RoNW | 30.09 |
| P/BV | 7.04 |
| PAT Margin (%) | 9.09 |
Check Teerth Gopicon IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.24 | 5.66 |
| P/E (x) | 49.55 | 19.62 |
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 September 30, 2023 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:
- Funding the working capital requirements of the company; and
- General Corporate Purpose.
Teerth Gopicon Limited Contact Details
Teerth Gopicon Limited
703, Sapath Complex-I, Opp. Rajpath Club,
Near Madhur Hotel,
Bodakdev, Ahmedabad-38005
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