Teerth Gopicon Limited IPO

Price
₹111
Lot
1200
Subs.
75.54
Expected Listing Earning

Exp. Premium(GMP):
12.00(10.81%)
IPO Details

Open Date: 08-Apr-2024
Close Date: 11-Apr-2024
Allotment Date: 12-Apr-2024
Listing Date: 16-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹111 Per Equity Share
Issue Size: Total Issue Size 4,000,000 shares (aggregating up to ₹44.40 Cr) : Fresh Issue 4,000,000 shares (aggregating up to ₹44.40 Cr)
Market Lot (Min Amount): Retail - ₹133,200 : HNI - ₹266,400
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved1,899,6001,899,6003,799,200
Day 1 - 08-04-24 
05:00 PM
2.23x2.16x2.19x
Day 2 - 09-04-24 
05:00 PM
4.73x5.49x5.11x
Day 3 - 10-04-24 
05:00 PM
97.12x44.33x75.54x
Total No. of Application:70,177 (Approx.)
Retail Subscription on the basis of Apps:44.33x
Valuations

Earning Per Share(EPS)2.24/-
P/E Ratio49.55
RoNW30.09%
Net Asset Value (NAV) - Post Issue:15.77/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Sep,20237,541.303,741.78339.52
31 Mar,20234,743.303,914.87179.22
31 Mar,20224,277.163,120.7715.27
31 Mar,20213,115.474,620.7446.45
Promoter(s)

Pre Issue Share Holding87.00%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. Maheshbhai Kumbhani
2. Chandrikaben Kumbhani
3. Pallav Kumbhani
Issue Objective(s)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding the working capital requirements of the company; and
  2. General Corporate Purpose.
About Company

Teerth Gopicon Limited was incorporated in 2019 and 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.

The company has undertaken a wide range of civil engineering projects such as building construction, water supply, pipelines, sewage network, sewage treatment plant, nalla taps, reuse network, overhead tanks, GSR, road construction, lake rehabilitation, etc.

As at December 31, 2023, the company had a total of 119 permanent employees (including workmen) in various departments.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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