Fixed Price IPO | ₹44 Cr | Listed at NSE SME | Mon, Apr 8, 2024 - Wed, Apr 10, 2024
Teerth Gopicon IPO is a fixed price issue of ₹44.40 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹44.40 crore.
Teerth Gopicon IPO bidding started from Apr 8, 2024 and ended on Apr 10, 2024. The allotment for Teerth Gopicon IPO was finalized on Apr 12, 2024. The shares got listed on NSE SME on Apr 16, 2024.
Teerth Gopicon IPO price is ₹111 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,33,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,66,400.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Teerth Gopicon IPO RHP for detailed Information.
IPO Open
Mon, Apr 8, 2024
IPO Close
Wed, Apr 10, 2024
Issue Price
₹111 per share
Market Cap (Pre-IPO)
₹133.20 Cr
| IPO Date | 8 to 10 Apr, 2024 |
| Listed on | Tue, Apr 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 39,99,600 shares (agg. up to ₹44 Cr) |
| Reserved for Market Maker | 2,00,400 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 37,99,200 shares (agg. up to ₹42 Cr) |
| Net Offered to Public | 37,99,200 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,19,99,600 shares |
| NSE Symbol | TGL |
| ISIN | INE0K6601012 |
Teerth Gopicon IPO comprises a total issue size of 39,99,600 shares. The net offer to the public is 37,99,200 shares, after excluding 2,00,400 shares allotted on a firm basis. Of the Net offer 18,99,600 (50.00%) allocated to NII 18,99,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,99,600 | 50.00% | 47.49% |
| Retail Shares Offered | 18,99,600 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,400 | 5.01% | |
| Total Shares Offered | 39,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,33,200 |
| Retail (Max) | 1 | 1,200 | ₹1,33,200 |
| HNI (Min) | 2 | 2,400 | ₹2,66,400 |
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 February 29, 2024, the company had a total of 164 permanent employees (including workmen) in various departments.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 137.20 | 47.43 | 42.77 | 31.15 |
| Total Income | 69.70 | 39.15 | 31.21 | 46.21 |
| Profit After Tax | 7.84 | 1.79 | 0.15 | 0.46 |
| NET Worth | 15.73 | 7.89 | 6.09 | 5.94 |
| Reserves and Surplus | 7.73 | 2.89 | 1.09 | 0.94 |
| Total Borrowing | 9.37 | 3.38 | 13.66 | 9.34 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital requirement | 33.40 |
| 2 | General corporate purposes | 10.24 |
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 66.40% |
| ROCE | 48.40% |
| Debt/Equity | 0.60 |
| RoNW | 22.72% |
| PAT Margin | 11.26% |
| Price to Book Value | 5.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.24 | 7.84 |
| P/E (x) | 49.55 | 14.16 |
| Promoter Holding | 96.5% | 64.33% |
| Market Cap | ₹133.20 Cr. |
The Teerth Gopicon IPO is subscribed 75.54 times on April 10, 2024 7:30:32 PM (Day 3). The public issue subscribed 44.33 times in the retail category, [.] times in the QIB category, and 97.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 97.12 | 18,99,600 | 18,44,94,000 |
| Retail | 44.33 | 18,99,600 | 8,42,12,400 |
| Total | 75.54 | 37,99,200 | 28,69,84,800 |
Total Application : 70,177
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.24 |
| 2 | Brokerage, selling commission and upload fees | 0.08 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.12 |
| 6 | Regulators including stock exchanges | 0.15 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹125.00 |
| Low | ₹123.00 |
| High | ₹131.25 |
| Last Trade | ₹131.25 |
Lead Manager Reports
Teerth Gopicon IPO is a SME IPO of 39,99,600 equity shares of the face value of ₹10 aggregating up to ₹44 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Apr 8, 2024, and closes on Wed, Apr 10, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Teerth Gopicon IPO using UPI as a payment gateway. Zerodha customers can apply in Teerth Gopicon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Teerth Gopicon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Teerth Gopicon IPO opens on Mon, Apr 8, 2024 and closes on Wed, Apr 10, 2024.
Teerth Gopicon IPO lot size is 1200, and the minimum amount required for application is ₹1,33,200.
You can apply in Teerth Gopicon IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Teerth Gopicon IPO will be done on Friday, April 12, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 15, 2024. Check the Teerth Gopicon IPO allotment status.
The Teerth Gopicon IPO listing date is on Tue, Apr 16, 2024.
