IPO

Teerth Gopicon Limited IPO

NSE SME

Listed On: Apr 16, 2024 at ₹ 125.0

₹ 266400 /2400 Shares
*Min Investment

Check Allotment

08 Apr, 2024

Open Date

10 Apr, 2024

Close Date

12 Apr, 2024

Allotment Date

16 Apr, 2024

Listing Date
Teerth Gopicon Limited IPO Issue Details
  • Issue Price ₹111 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 39,99,600 shares(aggregating up to ₹44.4 crore)
  • Fresh Share 39,99,600 shares(aggregating up to ₹44.4 crore)
  • Listing at NSE SME
  • List Price 125.0
  • Listing Date 2024-04-16
  • Lead Manager Interactive Financial Services Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,33,200
Retail(max)11200₹1,33,200
NII (min) 22400₹2,66,400
Teerth Gopicon Limited IPO Reservation

Teerth Gopicon Limited IPO offers total 3,999,600 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,899,600 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered200,400 (5.01%)
Retail Shares Offered1,899,600 (47.49%)
Total Shares Offered3,999,600 (100%)
Teerth Gopicon Limited IPO Documents
DRHP
RHP
Teerth Gopicon Limited IPO Details


Teerth Gopicon Limited IPO is an SME IPO, priced at ₹111 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 39,99,600 equity shares, aggregating up to ₹44.4 crores..

The IPO bidding window is open from Apr 8, 2024 to Apr 10, 2024. The allotment is expected to be finalized on Apr 12, 2024, and the tentative listing date is Apr 16, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,33,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,66,400.

Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

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Teerth Gopicon Limited IPO Subscription Analysis And Details
Retail
41.76x
Total
69.41x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,899,6001,899,6003,799,200
Day 1 08-04-24 06:00 PM
2.23 x2.16 x2.19 x
Day 2 09-04-24 06:00 PM
4.83 x5.34 x5.08 x
Day 3 10-04-24 06:00 PM
97.07 x41.76 x69.41 x
Total No of Applications
70,177
Teerth Gopicon Limited Valuations
EPS Pre IPO ₹2.24/-
EPS Post IPO ₹5.66/-
P/E Pre IPO 49.55
P/E Post IPO 19.62
ROE 66.40%
ROCE 48.40%
Debt/Equity 0.60
RoNW 22.72%
PAT Margin 11.26
Price to Book Value 5.65
Teerth Gopicon Limited Company Financials
In Lakhs
In Lakh
31-Jan-2431-Mar-2331-Mar-2231-Mar-21
Assets13,719.794,743.304,277.163,115.47
Revenue6,970.023,914.873,120.774,620.74
Profit After Tax784.04179.2215.2746.45
Net Worth1,572.74788.70609.49594.22
Reserves & Surplus772.74288.70109.4994.22
Total Borrowing937.18337.981,365.50933.82
About Teerth Gopicon Limited Company

Teerth Gopicon Limited is an incorporated entity of 2019, which engages in the construction of roads, sewerage, and water supply in the state of Madhya Pradesh. As a subcontractor, the company also provided services to the clients while constructing a residential tower in the city of Indore.

The company has executed numerous works as an authorized contractor of various central and state governments like ISCDL, IMC, USCL, UMC, MPJNM etc. and has also executed construction works for the private sector.

The company has executed a diverse range of civil engineering works 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 of February 29, 2024, the company had a total of 164 permanent employees (including workmen) in various departments.

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Teerth Gopicon Limited - Promoter(s)

Maheshbhai Kumbhani

Chandrikaben Kumbhani

Pallav Kumbhani

Pre Issue Share Holding : 96.50%

Post Issue Share Holding : 64.33%

Teerth Gopicon Limited IPO - Issue Objectives
1

Funding the working capital requirements of the company

2

General Corporate Purpose.

Teerth Gopicon Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Teerth Gopicon Limited3.58N/A15.7731.0122.727.04Standalone
Conart Engineers Limited6.29N/A80.5113.6578.111.07Standalone
Brahmaputra Infrastructure Limited3.76N/A53.5818.426.991.29Standalone
MBL Infrastructure Ltd0.55N/A118.13103.270.470.48Standalone
Tarmat Limited3.57N/A61.3328.355.641.65Standalone

Notes:

  1. Considering the nature and size of the business of Teerth Gopicon Limited, the peers are not strictly comparable; however, they are included for broad comparison.
  2. CMP of the peer group is as per the closing price available on www.nseindia.com and www.bseindia.com.
  3. The P/E Ratio for the peer companies has been computed based on the closing market price of respective equity shares as on February 06, 2024, sourced from the Stock Exchange, divided by the Basic/Diluted EPS as applicable.
Contact Details

Teerth Gopicon Limited

703, Sapath Complex-I, Opp. Rajpath Club, Bodakdev, Ahmedabad -38005

+91 9979840806

investor@teerthgopicon.com

http://www.teerthgopicon.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html