03-Apr-2024
2 mins read
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Teerth Gopicon IPO is open for subscription starting Monday, April 8, 2024, and closing on Thursday, April 11, 2024. The price of this upcoming IPO is decided at Rs 111 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,33,200 (111 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,66,400 (111 x 2400 shares). Teerth Gopicon IPO is a book-built issue of Rs 44.40 crores. This upcoming IPO issue is completely a fresh issue of 40 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 12, 2024. Teerth Gopicon IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 16, 2024. The book-running lead manager of Teerth Gopicon IPO is Interactive Financial Services Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Teerth Gopicon Limited
Teerth Gopicon Limited was founded in 2017, engaged in the business of road construction, sewage and water supply in the state of Madhya Pradesh. The company also provides services as a subcontractor and built a residential tower in Indore. Teerth Gopicon has undertaken various works as a registered contractor of central and state government entities like ISCDL, IMC, UMC, etc. Company has also undertaken construction works for the private sector. Moreover, they have also undertaken a wide range of civil engineering projects such as pipelines, water supply, sewage treatment plant, overhead tanks, GSR, lake rehabilitation etc. As an EPC contractor, the company provides comprehensive services that include detailed engineering of product, procurement of construction and maintenance of commercial, residential and infrastructure. Company’s ongoing projects are Shahpura Karanjia - Dindori, MVS Sanaudha Sagar, Amrut 2.0 Ujjain, Garoli - Chhatarpur.
Objectives of Teerth Gopicon IPO
The net amount received from this IPO will be utilised for funding the working capital requirements of the company. Other than this, general corporate purposes like acquisitions and capital expenditure etc will be fulfilled.
Financials of Teerth Gopicon Limited (Amt in Rs Lakhs)
Teerth Gopicon posted a revenue of Rs 3,741.78 lakhs and PAT of Rs 339.52 lakhs for the period ending on 30 September 2023. Company’s revenue increased by 25.45% and net profit increased by 1073.67% between the FY ending on 31st March 2023 and 31st March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 7,541.30 | 4,743.30 | 4,277.16 | 3,115.47 |
| Revenue | 3,741.78 | 3,914.87 | 3,120.77 | 4,620.74 |
| Profit After Tax | 339.52 | 179.22 | 15.27 | 46.45 |
| Net Worth | 1,128.23 | 788.7 | 609.49 | 594.22 |
| Reserves and Surplus | 628.23 | 288.7 | 109.49 | 94.22 |
| Total Borrowing | 545.86 | 337.98 | 1,365.50 | 933.82 |
Other Important Details of Teerth Gopicon IPO
| IPO Date | April 8, 2024 to April 11, 2024 |
| Listing Date | 16-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 111 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,000,000 shares amounting to Rs 44.40 crore |
| Fresh Issue | 4,000,000 shares amounting to Rs 44.40 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 8,000,000 |
| Shareholding post issue | 12,000,000 |
Time-Table of Teerth Gopicon IPO
| IPO Open Date | Monday, April 8, 2024 |
| IPO Close Date | Thursday, April 11, 2024 |
| Basis of Allotment | Friday, April 12, 2024 |
| Initiation of Refunds | Monday, April 15, 2024 |
| Credit of Shares to Demat | Monday, April 15, 2024 |
| Listing Date | Tuesday, April 16, 2024 |
| Cut-off time for UPI mandate | 5 PM on April 11, 2024 |
Lot Size of Teerth Gopicon IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1200 | Rs 133,200 |
| Retail - Maximum | 1 | 1200 | Rs 133,200 |
| HNI - Minimum | 2 | 2,400 | Rs 266,400 |
IPO Reservation of Teerth Gopicon Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Teerth Gopicon Limited IPO
| KPI | Values |
| ROE | 30.09 |
| ROCE | 31.76 |
| Debt/Equity | 0.48 |
| RoNW | 30.09 |
| P/BV | 7.04 |
| PAT Margin | 9.09 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.24 | 5.66 |
| P/E (x) | 49.55 | 19.62 |
Promoters of Teerth Gopicon Limited and Their Holdings
The promoters of Teerth Gopicon company are Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani.
| Shareholding Pre Issue | 87 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of Teerth Gopicon IPO
The lead manager for Teerth Gopicon IPO is Interactive Financial Services Limited.
How do you apply for the Teerth Gopicon IPO?
Wait for the public issue to open for subscription, then click here to apply for the Teerth Gopicon Limited IPO with Bigul.
How do you check the allotment status of Teerth Gopicon IPO?
The registrar for Teerth Gopicon IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is the Teerth Gopicon IPO?
Teerth Gopicon IPO is a book-built issue of Rs 44.40 crores. This upcoming IPO issue is completely a fresh issue of 40 lakh equity shares. The offer for sale component is not available in this issue. The price of this upcoming IPO is decided at Rs 111 per share. The minimum lot size of this application for the retail category is 1200 shares.
2. Who are the lead managers for the Teerth Gopicon Limited IPO?
Interactive Financial Services Limited is appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Teerth Gopicon Limited, handling the IPO's administrative aspects.
4. How can I apply for the Teerth Gopicon IPO?
The public subscription of this new IPO will open on April 8, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net amount received from this IPO will be utilised for funding the working capital requirements of the company. Other than this, general corporate purposes like acquisitions and capital expenditure etc will be fulfilled.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Teerth Gopicon Limited IPO 2024 by visiting here.
7. What is the financial performance of Teerth Gopicon Limited?
Teerth Gopicon posted a revenue of Rs 3,741.78 lakhs and PAT of Rs 339.52 lakhs for the period ending on 30 September 2023. Company’s revenue increased by 25.45% and net profit increased by 1073.67% between the FY ending on 31st March 2023 and 31st March 2022.