Teerth Gopicon IPO
The initial public offering (IPO) of Teerth Gopicon will open for subscription on April 08 and close on April 11, comprising fresh issues of Rs.44.40 Crore An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on April 16, 2024.
#1. Quick Intro to Teerth Gopicon
Teerth Gopicon Limited (2019) 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.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Teerth Gopicon
The company intends to use the IPO Funds for the following purposes:
- Funding the working capital requirements of our company.
- General corporate purposes.
#3. Teerth Gopicon Core Strengths
- Extensive experience in managing and completing projects on time and within budget.
- Strong presence in Madhya Pradesh.
- Continuous focus on equipment ownership.
- Focus player in water supply projects (WSP).
- Robust network and relationships with suppliers, enabling better negotiating power and access to high-quality materials.
- Visible growth through a robust order book.
#4. Teerth Gopicon IPO Review & Rating
| Issue Size | Rs.44.40 Crore |
| Issue Price | Rs.111 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Jan 31, 2024) | Rs.784.04 Lakhs |
| ROE (%) | 66.40% |
| ROCE (%) | 48.40% |
| Listing on | NSE SME |
| IPO Deliver Rating | Four |
#5. Teerth Gopicon IPO Dates, Price Band & Details
Teerth Gopicon IPO will open on April 08, 2024, and close on April 11, 2024. The IPO is to be listed on April 16, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.44.40 Crore |
| Price Brand | Rs.111 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 08, 2024 |
| IPO Close Date | April 11, 2024 |
| IPO Allotment Date | April 12, 2024 |
| Refund Date | April 15, 2024 |
| Share Credit Date | April 15, 2024 |
| Listing Date | April 16, 2024 |
#6. Teerth Gopicon IPO Offer Details
Teerth Gopicon IPO’s total issue size is 3,999,600 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 3,999,600 | 44.40 |
| Offer for Sale (OFS) | – | – |
#7. Teerth Gopicon Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period January 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Jan 31, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 6,970.02 | 3,914.87 | 3,120.77 |
| Net Worth | 1,572.74 | 788.70 | 609.49 |
| Profit | 784.04 | 179.22 | 15.27 |
| Total Borrowings | 937.18 | 337.98 | 1,365.50 |
#8. Teerth Gopicon Quantitative Factors
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 6.79 | 3.58 | 0.31 |
| RoNW (%) | 30.09 | 22.72 | 2.50 |
| NAV (Rs.) | 22.56 | 15.77 | – |
#9. Teerth Gopicon Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Man Infraconstruction Limited | 88,096.76 | 14.61 | 30.60 |
| ITD Cementation Limited | 470,058.03 | 10.04 | 72.04 |
#10. Teerth Gopicon Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoter |
| 01. | Maheshbhai Kumbhani |
| 02. | Chandrikaben Kumbhani |
| 03. | Pallav Kumbhani |
#11. Teerth Gopicon Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 96.5 |
| Post-issue | 64.33 |
#12. Teerth Gopicon IPO Reservation Details
Teerth Gopicon IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
#13. Teerth Gopicon IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 133,200 |
| Retail (Max.) | 1 | 1200 | 133,200 |
| HNI (Min.) | 2 | 2400 | 266,400 |
#14. Teerth Gopicon IPO – Prospectus Copy
An investor can download/view the Teerth Gopicon prospectus copy, which the company filed to exchange, details are as follows.
| Teerth Gopicon IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Teerth Gopicon IPO Registrar
Bigshare Services Private Limited
Phone No.: +91 22-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. Teerth Gopicon IPO Lead Managers
Interactive Financial Services Limited
Phone No. +079-46019796
E-Mail: mbd@ifinservices.com
Website: www.ifinservices.com
#17. Teerth Gopicon IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Teerth Gopicon IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Teerth Gopicon Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Teerth Gopicon Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Teerth Gopicon Company Details
Teerth Gopicon Limited
Registered Office: 703, Sapath Complex-I, Opp. Rajpath Club, Near Madhur Hotel, Bodakdev, Ahmedabad-380054, Gujarat, India.
Email: investor@teerthgopicon.com
Website: www.teerthgopicon.com
Investor Grievances/Compliance Officer: Diksha Joshi
#19. Teerth Gopicon Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Teerth Gopicon Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Mahesh Kumbhani |
| 02. | Chandrika Kumbhani |
Teerth Gopicon IPO – Frequently Asked Questions (FAQs)
| #1. What is a Teerth Gopicon IPO?
Teerth Gopicon brings its IPO of Rs.44.40 crore, on April 08, 2024, with a price band of Rs.111 per share. |
| #2. What is the Teerth Gopicon IPO Open date?
Teerth Gopicon IPO’s opening date is April 08, 2024. |
| #3. What is the Teerth Gopicon IPO Close Date?
Teerth Gopicon IPO’s closing date is April 11, 2024. |
| #4. What is the Teerth Gopicon IPO Listing date?
Teerth Gopicon ’s IPO listing date is April 16, 2024. |
| #5. What is the Teerth Gopicon IPO Minimum investment amount?
Teerth Gopicon IPO’s minimum investment amount is Rs. 133,200. |
| #6. What is the Teerth Gopicon IPO offer issue Size?
Teerth Gopicon offers an issue size of Rs.44.40 crore. |
| #7. What is the Teerth Gopicon IPO Price Band?
Teerth Gopicon ’s IPO price band is Rs.111 per share. |
| #8. Is Teerth Gopicon IPO mainboard IPO or SME IPO?
Teerth Gopicon IPO is an SME IPO. |