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Teerth Gopicon IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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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:

  1. Funding the working capital requirements of our company.
  2. General corporate purposes.

#3. Teerth Gopicon  Core Strengths 

  1. Extensive experience in managing and completing projects on time and within budget.
  2. Strong presence in Madhya Pradesh.
  3. Continuous focus on equipment ownership.
  4. Focus player in water supply projects (WSP).
  5. Robust network and relationships with suppliers, enabling better negotiating power and access to high-quality materials.
  6. 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.

 

119 thoughts on “Teerth Gopicon IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024”

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