Teerth Gopicon was incorporated on October 10, 2019. The company is an engineering construction and development company engaged primarily in the construction of roads, sewerage work, and water distribution work in Madhya Pradesh.
| Bidding Dates |
|---|
| 08 Apr 2024 - 11 Apr 2024 |
| Subscription |
|---|
| 67.23x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,33,200 | 1 | 1 | 1200 | 4.0 M | ₹111 | 64.34 % | ₹444.0 M | RHP DOC |
Teerth Gopicon IPO SUBSCRIPTION STATUS
10 Apr '24Teerth Gopicon IPO overall subscription rate was 67.23 times the total available shares
Teerth Gopicon IPO retail subscription rate was 42.11 times in the retail segment
Teerth Gopicon IPO non-institutional investor subscription rate was 92.36 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
10 Apr 2024 (Day 3) | 42.11x | 92.36x | - |
09 Apr 2024 (Day 2) | 5.07x | 4.58x | - |
08 Apr 2024 (Day 1) | 1.97x | 2.11x | - |
Teerth Gopicon FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 10MFY24 | 78.4 | 696.3 | 11.7 | -54.9 |
| FY23 | 17.9 | 390.8 | 136.1 | 133.2 |
| FY22 | 1.5 | 311.7 | -40.5 | -42.2 |
| FY21 | 4.6 | 461.9 | 4.2 | -2.6 |
Teerth Gopicon IPO SUBSCRIPTION STATUS DETAILS
Teerth Gopicon had 4.0 M shares on offer
Teerth Gopicon IPO offer price was ₹111
Teerth Gopicon IPO minimum Investment was ₹133200
Teerth Gopicon IPO issue size was ₹ 444.0 M
Teerth Gopicon had a minimum lot size of 1200 Shares per application
Teerth Gopicon NUMBER OF SHARES ON OFFER
Teerth Gopicon IPO IMPORTANT DATES
| Issue Open Date | 08 Apr 2024 |
| Issue close Date | 11 Apr 2024 |
| Allotment Date | 12 Apr 2024 |
| Refund Date | 15 Apr 2024 |
| Demat Account Credit Date | 15 Apr 2024 |
| Listing Date | 16 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Teerth Gopicon Allotment Status | Exchange |
Teerth Gopicon IPO subscription opened on 08 Apr 2024, and closed on 11 Apr 2024
IPO allotment for Teerth Gopicon was finalized on Friday, 12 Apr 2024
IPO listing for Teerth Gopicon was on NSE on Tuesday, 16 Apr 2024
Teerth Gopicon IPO LISTING GAINS
| Issue Price (adjusted) | 111.0 |
| Listing Open Price | 125.0 |
| Listing Close Price | 131.3 |
| Listing Gain% | 12.6% |
| Current Gain% | -81.3% |
Teerth Gopicon Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Teerth Gopicon Ltd. | 20.8 | 24.9 | 1.9 | 0.2 | 0.2 | 16.9 | 7.4 | 118.6 | 12.8 | 12.8 | 11.1 | 10.7 | 11.1 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Teerth Gopicon INFORMATION ON IPO ISSUE
About Teerth Gopicon
Teerth Gopicon was incorporated on October 10, 2019. The company is an engineering construction and development company engaged primarily in the construction of roads, sewerage work, and water distribution work in Madhya Pradesh.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purpose
Teerth Gopicon - PROMOTERS
| Name |
|---|
| Maheshbhai Kumbhani |
| Chandrikaben Kumbhani |
| Pallav Kumbhani |
Teerth Gopicon Lead Manager of the Issue
Interactive Financial Services Limited
mbd@ifinservices.in
Teerth Gopicon Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Teerth Gopicon Strengths
Robust order book
The company is focused not only on adding to the order book but also on evaluating tenders, considering the complexity of the project, its strengths, and the profit margin before bidding
Strong local presence
The company, with over two decades of promoter experience and a strong presence in the Madhya Pradesh market, is well-positioned to exploit growth opportunities in the region
Robust network
The company has a robust network and relationships with suppliers, enabling better negotiating power and access to high-quality materials
Teerth Gopicon Risks
Geographically concentrated
The company's business is concentrated in the state of Madhya Pradesh, and any adverse development affecting its operations in the state could have an adverse impact on the business
Competitive environment
The company operates in a highly competitive environment. Generally, in the open bid/tender process of awarding contracts/projects, clients specify pre-qualification criteria based on factors such as project execution experience, technical strength, and performance capabilities
IPO FAQs
The promoters of the company are Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 111.0 - 111.0.
The IPO application opens on Apr 08, 2024 and closes on Apr 11, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 133,200.0, the maximum value for this IPO is Rs 133,200.0.
This IPO will be allotted on Apr 12, 2024.
The refund will be credited to your account on Apr 15, 2024.
The allotted shares will be credited to your demat on Apr 15, 2024.
Teerth Gopicon Ltd.’s shares listed on the stock exchanges on Apr 16, 2024.