What you Must know about Teerth Gopicon IPO?
by 5paisa Research Team
04 Apr 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 16-Apr-24
- IPO Price Range ₹ 111
- Listing Price ₹ 125
- Listing Change 12.6%
- Last Traded Price ₹ 240
- Current Change 116.2%
Teerth Gopicon IPO Details
- Open Date 08-Apr-24
- Close Date 10-Apr-24
- Lot Size 1200
- IPO Size ₹ 44.40 Cr
- IPO Price Range ₹ 111
- Min Investment ₹ 133,200
- Listing Exchange NSE SME
- Basis of Allotment 12-Apr-24
- Refunds 15-Apr-24
- Credit to Demat Account 15-Apr-24
- Listing Date 16-Apr-24
Teerth Gopicon IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 08-Apr-24 | - | 2.23 | 2.13 | 2.18 |
| 09-Apr-24 | - | 4.73 | 5.44 | 5.08 |
| 10-Apr-24 | - | 96.97 | 41.76 | 74.17 |
Teerth Gopicon IPO Synopsis
Teerth Gopicon Limited IPO is all set to open from 8th April to 11th April 2024. It is an engineering construction and development company. The IPO includes a fresh issue of 4,000,000 shares worth ₹44.40 cr. The share allotment date is 12th April 2024, and the IPO will be listed on 16th April 2024 on the stock exchanges. The price band is ₹111 and the lot size is 1200 shares.
Interactive Financial Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Teerth Gopicon IPO:
Teerth Gopicon Limited plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General Corporate Purposes.
Teerth Gopicon IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 44.40 |
| Offer for sale | - |
| Fresh issue | 44.40 |
Teerth Gopicon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹133,200 |
| Retail (Max) | 1 | 1200 | ₹133,200 |
| B-HNI (Min) | 2 | 2400 | ₹266,400 |
About Teerth Gopicon
Established in 2019, Teerth Gopicon is an engineering construction and development company. The company builds roads, sewerage work and water distribution work in Madhya Pradesh. It also operates as a subcontractor and has built a residential tower in Indore.
The company has clientele in the private sector as well as in the government sector. It is a registered Civil contractor for ISCDL, IMC, USCL, UMC, MPJNM etc.
Peer Comparison
● Man Infraconstruction Limited
● ITD Cementation India Limited
● Likhitha Infrastructure Limited
● Udayshivakumar Infra Limited
For More Information:
Webstory on Teerth Gopicon IPO
Teerth Gopicon Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 39.07 | 31.16 | 49.19 |
| EBITDA | 3.07 | 0.78 | 1.09 |
| PAT | 1.79 | 0.15 | 0.46 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 47.43 | 42.77 | 31.15 |
| Share Capital | 5.00 | 5.00 | 5.00 |
| Total Borrowings | 39.54 | 36.67 | 36.82 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 13.60 | -4.05 | 0.42 |
| Net cash from / (used in) investing activities | -0.17 | -0.71 | -1.86 |
| Net cash flow from / (used in) financing activities | -10.27 | 4.31 | -0.097 |
| Net increase (decrease) in cash and cash equivalents | 3.16 | -0.45 | 2.45 |
Teerth Gopicon IPO Key Points
-
Strengths
1. The company has extensive experience in managing and completing projects on time and within budget.
2. It has a strong presence in Madhya Pradesh.
3. It has a Continuous focus on Equipment Ownership and Water Supply projects (WSP).
4. It has a robust network and relationships with suppliers.
5. It also has a robust order book.
-
Risks
1. The business is concentrated in Madhya Pradesh.
2. The company operates in a competitive industry.
3. High working capital requirements.
4. The business is subject to seasonal fluctuations.
Teerth Gopicon
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Teerth Gopicon IPO FAQs
When does the Teerth Gopicon IPO opens and closes?
Teerth Gopicon IPO opens from 8th April to 11th April 2024.
What is the size of the Teerth Gopicon IPO?
The size of Teerth Gopicon IPO is ₹44.40 cr.
How to apply for the Teerth Gopicon IPO?
To apply for Teerth Gopicon IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Teerth Gopicon IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of the Teerth Gopicon IPO?
The price band of Teerth Gopicon IPO is fixed at ₹111 per share.
What is the minimum lot size and investment required for the Teerth Gopicon IPO?
The minimum lot size of Teerth Gopicon IPO is 1200 shares and the investment required is ₹1,33,200.
What is the allotment date of the Teerth Gopicon IPO?
The share allotment date of Teerth Gopicon IPO is 125th April 2024.
What is the Teerth Gopicon IPO listing date?
The Teerth Gopicon IPO will be listed on 16th April 2024.
Who are the book runners for the Teerth Gopicon IPO?
Interactive Financial Services Limited is the book-running lead manager for Teerth Gopicon IPO.
What is the objective of Teerth Gopicon IPO?
Teerth Gopicon plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General Corporate Purposes.
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