Teerth Gopicon IPO Details: The Teerth Gopicon IPO is scheduled to commence on April 8 and conclude on April 11. This NSE SME IPO aims to raise ₹44.40 crores. With a price band set at ₹111 and a market lot of 1200 shares, investors have an opportunity to participate in this offering.
Teerth Gopicon operates in the engineering construction and development sector, primarily involved in projects such as road construction, sewerage work, and water distribution in Madhya Pradesh. While the corporate entity has a track record of less than 5 years, its promoter, Maheshbhai Khumbhani, initiated Gopi Construction as a Proprietorship in 2009.
The company holds registrations as a civil contractor with various Central/State Governments and has executed diverse projects, including building construction, water supply, sewerage networks, and roadworks. Their expertise as an EPC contractor encompasses project engineering, procurement, construction, and maintenance, supported by their skilled workforce, resources, and modern machinery.
Teerth Gopicon’s commitment to quality work and efficient project execution has strengthened relationships with existing clients and positioned them to secure projects from new clientele, reflecting their dedication to growth and excellence.
Teerth Gopicon IPO Objectives:
The company intends to utilize the Net Proceeds towards the following objects:
- Investment in Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by its Material Subsidiary; (ii) funding capital expenditure requirements for setting up of a research and development center situated in Naidupeta, Andhra Pradesh (R&D Centre); and (iii) funding its long-term working capital requirements;
- Funding long-term working capital requirements of the Company; and
- General corporate purposes.
Teerth Gopicon IPO Review (Apply or Not)
- May Apply
Teerth Gopicon IPO Date & Price Band Details:
| IPO Open: | 8-April-2024 |
| IPO Close: | 11-April-2024 |
| IPO Size: | Approx ₹44.40 Crores, 4,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹111 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Teerth Gopicon IPO Lot Size:
The Teerth Gopicon IPO requires a minimum market lot of 1200 shares, translating to an application amount of ₹133,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹133,200 |
| Retail Maximum | 1 | 1200 | ₹133,200 |
| S-HNI Minimum | 2 | 2400 | ₹266,400 |
Teerth Gopicon IPO Timeline:
The Teerth Gopicon IPO is scheduled to open on April 8 and close on April 11. The IPO allotment date is expected in April 2024, with the possibility of listing also in April 2024.
| IPO Open Date: | 8-April-2024 |
| IPO Close Date: | 11-April-2024 |
| Basis of Allotment: | 12-April-2024 |
| Refunds: | 15-April-2024 |
| Credit to Demat Account: | 15-April-2024 |
| IPO Listing Date: | 16-April-2024 |
Teerth Gopicon IPO GMP Today:
As per market analysts, the unlisted shares of Teerth Gopicon Ltd are currently trading Rs 20 higher in the grey market compared to its issue price. This Rs 20 grey market premium, or GMP, suggests an anticipated listing gain of 16.22 per cent from the public issue. It’s important to note that the GMP is subject to fluctuations as it reflects market sentiments.
The ‘grey market premium’ serves as an indicator of investors’ willingness to pay a premium above the issue price, reflecting the perceived value of the company’s shares prior to their listing on the stock exchange.
Teerth Gopicon Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹46.21 | ₹45.53 | ₹0.46 |
| 2022 | ₹31.21 | ₹30.88 | ₹0.15 |
| 2023 | ₹39.15 | ₹36.63 | ₹1.79 |
| Sept 2023 | ₹37.42 | ₹32.71 | ₹3.40 |
Teerth Gopicon IPO Valuation – FY2023
Check Teerth Gopicon IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.58 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 22.72% |
| Net Asset Value (NAV): | ₹15.77 per Equity Share |
Peer Group
- Man Infraconstruction Limited
- ITD Cementation India Limited
- Likhitha Infrastructure Limited
- Udayshivakumar Infra Limited
Company Promoters
- Maheshbhai Kumbhani
- Chandrikaben Kumbhani
- Pallav Kumbhani
Teerth Gopicon IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Teerth Gopicon IPO Allotment Status
Check Teerth Gopicon IPO allotment status on Bigshare website URL. Click Here
Teerth Gopicon IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd
Company Address
Teerth Gopicon Limited
204, Amar Metro Near Balniketan Sangh
Pagnis Paga, Pagnispaga Indore,
Madhya Pradesh, India, 452007
Phone: +91 9979840806
E-mail: investor@teerthgopicon.com
Website: www.teerthgopicon.com
