Teerth Gopicon IPO GMP, Review, Price, Allotment

Teerth Gopicon IPO GMP

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.

Teerth Gopicon

Promoters of Teerth Gopicon – Maheshbhai Kumbhani, Chandrikaben Kumbhani, and Pallav Kumbhani

Teerth Gopicon IPO Details

Teerth Gopicon IPO Dates8 – 10 April 2024
Teerth Gopicon Issue PriceINR 111 per share
Fresh issue3,999,600 shares (INR 44.40 crore)
Offer For SaleNIL
Total IPO size3,999,600 shares (INR 44.40 crore)
Minimum bid (lot size)1,200 shares (INR 133,200)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Teerth Gopicon Financial Performance

 FY 2021FY 2022FY 202311M FY 2024
Net income0.460.151.797.84
Figures in INR Crores unless specified otherwise

Teerth Gopicon Offer News

Teerth Gopicon Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio49.55
RONW (%)7.822.5022.72
ROCE (%)7.163.8126.16
EBITDA (%)2.342.297.36
Debt/Equity 1.572.240.43
*Compiled by IPO Central from Prospectus

Teerth Gopicon IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
15 April 20242220,000
13 April 20242523,500
12 April 20242625,000
11 April 20242220,000
10 April 20242017,500
9 April 20241514,000
8 April 20241211,000
6 April 20241211,000
5 April 20241312,000
4 April 20241514,000
3 April 20241011,000

Teerth Gopicon IPO Subscription – Live Updates

Shares Offered1,899,6001,899,6003,799,200
10 Apr 202497.0741.7669.41
9 Apr 20244.835.345.08
8 Apr 20242.222.072.15

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 Date8 April 2024
IPO Closing Date10 April 2024
Finalization of Basis of Allotment12 April 2024
Initiation of refunds15 April 2024
Transfer of shares to demat accounts15 April 2024
IPO Listing Date16 April 2024
Opening Price on NSE SMEINR 125 per share (up 12.61%)
Closing Price on NSE SMEINR 131.25 per share (up 18.24%)

Teerth Gopicon Offer Lead Manager

612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email[email protected]
Website: www.ifinservices.in

Teerth Gopicon Offer Registrar

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:  [email protected]
Website: www.bigshareonline.com

Teerth Gopicon IPO Contact Details

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


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.


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