Teerth Gopicon IPO will open for subscription from 08 April 2024. The company aims for an issue size of ₹44.40 Cr through this IPO.
Company Overview
| Full name | Teerth Gopicon Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.teerthgopicon.com/ |
About Company
Teerth Gopicon operates as an engineering, construction, and development firm, specializing primarily in road construction, sewerage systems, and water distribution projects in Madhya Pradesh. Additionally, the company has undertaken subcontracting roles, contributing to the construction of residential towers in the city of Indore. The company has undertaken a diverse range of civil engineering projects, including building construction, water supply systems, pipelines, sewerage networks, sewage treatment plants, Nalla tapping work, reuse networks, overhead tanks, ground storage reservoirs, road construction, and rejuvenation of lakes, among others.
Its clientele includes entities such as Indore Smart City Development Limited, Indore Municipal Corporation, Ujjain Smart City Limited, Ujjain Municipal Corporation, and Madhya Pradesh Jal Nigam Maryadit. As of 30 September 2023, Teerth Gopicon’s order book, including subcontracting assignments, amounted to INR 1,140.34 crores. Among the current projects, five projects totaling INR 1,034.89 crores are related to water supply systems.
The Objectives of the Issue
- Funding the working capital requirements of the company; and
- General Corporate Purpose.
Teerth Gopicon IPO Timetable
| IPO Opening date | 08 April 2024 |
| IPO Closing | 10 April 2024 |
| Basis of Allotment | 12 April 2024 |
| Initiation Refund | 15 April 2024 |
| Credit to Demat Account | 15 April 2024 |
| Listing Date | 16 April 2024 |
Teerth Gopicon IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹44.40 Cr – 3,999,600 shares |
| Fresh Issue | ₹44.40 Cr – 3,999,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹111 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 200,400 shares |
| Shareholding pre-issue | 8,000,000 |
| Shareholding post-issue | 11,999,600 |
| Listing Exchange | NSE SME |
Teerth Gopicon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹133,200 |
| Retail (Max) | 1 | 1200 | ₹133,200 |
| HNI (Min) | 2 | 2,400 | ₹266,400 |
Teerth Gopicon IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 | |
| Revenue | 46.19 | 31.17 | 39.08 | 69.63 |
| Expenses | 45.53 | 30.88 | 36.63 | 58.97 |
| Net income | 0.46 | 0.15 | 1.79 | 7.84 |
Teerth Gopicon Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.58 | 0.19 | 2.24 |
| PE ratio | – | – | 49.55 |
| RONW (%) | 7.82 | 2.50 | 22.72 |
| NAV | 11.88 | 12.19 | 15.77 |
| ROCE (%) | 7.16 | 3.81 | 26.16 |
| EBITDA (%) | 2.34 | 2.29 | 7.36 |
| Debt/Equity | 1.57 | 2.24 | 0.43 |
Company Promoters
- Maheshbhai Kumbhani
- Chandrikaben Kumbhani
- Pallav Kumbhani
Promoter Holding
| Pre Issue Share Holding | 96.5% |
| Post Issue Share Holding | 64.33% |
Teerth Gopicon Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
Teerth Gopicon Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Teerth Gopicon Contact Details
TEERTH GOPICON LIMITED
204, Amar Metro Near Balniketan Sangh
Pagnis Paga, Pagnispaga Indore,
Madhya Pradesh, India, 452007
Phone: +91 9979840806
E-mail: investor@teerthgopicon.com
Website: www.teerthgopicon.com
Teerth Gopicon IPO Allotment Status
Teerth Gopicon IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Teerth Gopicon IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to study the company fundamentally. learn well and make wise decisions.
Happy Investing
