Teerth Gopicon IPO description – 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.
Promoters of Teerth Gopicon – Maheshbhai Kumbhani, Chandrikaben Kumbhani, and Pallav Kumbhani
Table of Contents
Teerth Gopicon IPO Details
| Teerth Gopicon IPO Dates | 8 – 10 April 2024 |
| Teerth Gopicon Issue Price | INR 111 per share |
| Fresh issue | 3,999,600 shares (INR 44.40 crore) |
| Offer For Sale | NIL |
| Total IPO size | 3,999,600 shares (INR 44.40 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 133,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Teerth Gopicon Financial Performance
| Â | 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 Offer News
- Teerth Gopicon RHP
- Teerth Gopicon Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
Teerth Gopicon IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 15 April 2024 | 22 | – | 20,000 |
| 13 April 2024 | 25 | – | 23,500 |
| 12 April 2024 | 26 | – | 25,000 |
| 11 April 2024 | 22 | – | 20,000 |
| 10 April 2024 | 20 | – | 17,500 |
| 9 April 2024 | 15 | – | 14,000 |
| 8 April 2024 | 12 | – | 11,000 |
| 6 April 2024 | 12 | – | 11,000 |
| 5 April 2024 | 13 | – | 12,000 |
| 4 April 2024 | 15 | – | 14,000 |
| 3 April 2024 | 10 | – | 11,000 |
Teerth Gopicon IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,899,600 | 1,899,600 | 3,799,200 |
| 10 Apr 2024 | 97.07 | 41.76 | 69.41 |
| 9 Apr 2024 | 4.83 | 5.34 | 5.08 |
| 8 Apr 2024 | 2.22 | 2.07 | 2.15 |
The market maker reservation portion of 200,400 shares is not included in the above calculations.
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.
Teerth Gopicon IPO Dates & Listing Performance
| IPO Opening Date | 8 April 2024 |
| IPO Closing Date | 10 April 2024 |
| Finalization of Basis of Allotment | 12 April 2024 |
| Initiation of refunds | 15 April 2024 |
| Transfer of shares to demat accounts | 15 April 2024 |
| IPO Listing Date | 16 April 2024 |
| Opening Price on NSE SME | INR 125 per share (up 12.61%) |
| Closing Price on NSE SME | INR 131.25 per share (up 18.24%) |
Teerth Gopicon Offer Lead Manager
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email:Â [email protected]
Website:Â www.ifinservices.in
Teerth Gopicon Offer 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Teerth Gopicon IPO Contact Details
TEERTH GOPICON LIMITED
204, Amar Metro Near Balniketan Sangh
Pagnis Paga, Pagnispaga Indore,
Madhya Pradesh, India, 452007
Phone: +91 9979840806
E-mail: [email protected]
Website: www.teerthgopicon.com
IPO FAQs
What is the Teerth Gopicon offer size?
Teerth Gopicon’s offer size is INR 44.40 crores.
What is the Teerth Gopicon offer price band?
Teerth Gopicon’s public offer price is INR 111 per share.
What is the lot size of the Teerth Gopicon IPO?
Teerth Gopicon’s offer lot size is 1,200 shares.
What is Teerth Gopicon IPO GMP today?
Teerth Gopicon IPO GMP today is INR 22 per share.
What is the Teerth Gopicon kostak rate today?
Teerth Gopicon kostak rate today is NA per application.
What is Teerth Gopicon Subject to Sauda rate today?
Teerth Gopicon are Subject to the Sauda rate today is INR 20,000 per application.
