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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 ₹111.00 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). The minimum lot size investment for 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 Date | April 8, 2024 to April 10, 2024 |
| Listing Date | April 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,99,600 shares (aggregating up to ₹44.40 Cr) |
| Reserved for Market Maker | 2,00,400 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.22 Cr) |
| Net Offered to Public | 37,99,200 shares (aggregating up to ₹42.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,19,99,600 shares |
Teerth Gopicon IPO offers total 39,99,600 shares. Out of which 18,99,600 (47.49%) allocated to NII, 18,99,600 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,400 (5.01%) |
| NII (HNI) Shares Offered | 18,99,600 (47.49%) |
| Retail Shares Offered | 18,99,600 (47.49%) |
| Total Shares Offered | 39,99,600 (100.00%) |
Teerth Gopicon IPO opens on April 8, 2024, and closes on April 10, 2024.
| IPO Open Date | Mon, Apr 8, 2024 |
| IPO Close Date | Wed, Apr 10, 2024 |
| Tentative Allotment | Fri, Apr 12, 2024 |
| Initiation of Refunds | Mon, Apr 15, 2024 |
| Credit of Shares to Demat | Mon, Apr 15, 2024 |
| Tentative Listing Date | Tue, Apr 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 10, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 13,719.79 | 4,743.30 | 4,277.16 | 3,115.47 |
| Total Income | 6,970.02 | 3,914.87 | 3,120.77 | 4,620.74 |
| Profit After Tax | 784.04 | 179.22 | 15.27 | 46.45 |
| Net Worth | 1,572.74 | 788.70 | 609.49 | 594.22 |
| Reserves and Surplus | 772.74 | 288.70 | 109.49 | 94.22 |
| Total Borrowing | 937.18 | 337.98 | 1,365.50 | 933.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Teerth Gopicon IPO is ₹133.20 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 2.24 | 7.84 |
| P/E (x) | 49.55 | 14.16 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its sudden growth in top and bottom lines from FY23 onwards raise eyebrows. Based on FY24 annualized super earnings, the issue appears fully priced. However, as claimed by the company, it has a pending order book worth Rs. 904+ cr. as of January 31, 2024 that includes high margin water supply projects to the tune of 85%. Considering this, investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | April 16, 2024 |
| BSE Script Code | |
| NSE Symbol | TGL |
| ISIN | INE0K6601012 |
| Final Issue Price | ₹111 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹125.00 |
| Low | ₹123.00 |
| High | ₹131.25 |
| Last Trade | ₹131.25 |
Teerth Gopicon Ltd.
703, Sapath Complex-I, Opp. Rajpath Club,
Near Madhur Hotel,
Bodakdev, Ahmedabad-380054
Ahmedabad, Gujarat
Phone: +91 9979840806
Email: investor@teerthgopicon.com
Website: http://www.teerthgopicon.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Teerth Gopicon IPO is a SME IPO of 39,99,600 equity shares of the face value of ₹10 aggregating up to ₹44.40 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on April 8, 2024, and closes on April 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 April 8, 2024 and closes on April 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 Monday, April 15, 2024. Check the Teerth Gopicon IPO allotment status.
The Teerth Gopicon IPO listing date is on Tuesday, April 16, 2024.
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