April 16, 2024
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Teerth Gopicon IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Teerth Gopicon IPO Post listing Review:
On 16 April, the scrip is listed at Rs. 125, premium of 12.61% over the issue-price of Rs. 111. This listing has been very much below the expectations of the grey market.
What was the last GMP of Teerth Gopicon IPO?*
Premium: Rs.8 (down from Rs. 28)
Subject to Rs. 9100 (down from Rs. 25500)
Check Subscription status of Teerth Gopicon IPO
On 10 April 2024 5.00 pm (Day 3) (Closed)
Review: flow of applications weak in RII
NII: 2000000 Shares 97.12 T
RII: 2000000 Shares 44.33 T
Total: 4000000 Shares 75.54 T
What is the business of Teerth Gopicon?
Teerth Gopicon is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in the Madhya Pradesh. It has also worked as sub-contractor and constructed residential tower in the city of Indore.
After the Incorporation of the Company, The first order the Company has got from Indore Municipal Corporation, Water works and Drainage department for Repair of sewerage networking system of CENTRAL ZONE and make it function. The sub contact work from Pooja Reality Private limited for construction of tower at Village Talwadi, Chanda, Dist Indore which in favour of Proprietorship firm was assigned in favour of the Company. The Company is an ISO 9001:2015 certified company and also registered as -A class civil and Electrical Contractor and has taken up various Projects of Government Department. The Company has been certified as ISO 14001:2015 and ISO 45001 : 2018 for environmental Management System respectively for occupation health and Safety Management system
for project management, Engineering and design, procurement, Construction and maintenance of commercial, residential and infrastructure. The business of the company is concentrated in the State of Madhya Pradesh and mainly in city of Indore, Chhattarpur, Sagar, Dindori, Jabalpur and Ujjain. The various clients of the Company are Indore Smart City development Limited, Indore Municipal Corporation, Ujjain Smart City Limited, Ujjain Municipal Corporation and Madhya Pradesh Jal Nigam Maryadit.
Its order book in terms of value of contracts, including subcontracting assignments, was Rs. 114034.00 lakhs as on September 30, 2023, Among the ten (10) projects we are currently executing five (5) projects aggregating to a total contract value of Rs.103489.00 lacs relates to water supply system, One (1) project of Rejuvenation of Rudrasagar Lake and its surrounds of total value of Rs.1458.00 lacs ,One (1) project of Surface Parking, office Building of total value of `906 lakhs, One (1) project of Sewage Treatment plant of 25 MLD of total value of Rs.2270.00 lakhs, One (1) project of Real Estate
Development of total value of Rs.2571.00 lakhs and One (1) Project of Road development of Rs.3340.00 lakhs.
Get more information about the company @ http://www.teerthgopicon.com/
| Teerth Gopicon IPO Details | |
| IPO opens on | 8 April 2024 |
| IPO closes on | 10 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4000000 Sh /Rs 44.40 Cr |
| * Fresh Issue | 4000000 Sh /Rs 44.40 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 320000 Sh. |
| Net offer to Public | 4000000 Sh./Rs.44.40 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 111 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Teerth Gopicon IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 2000000 | 22.20 |
| RII (50%) | 2000000 | 22.20 |
| Total Shares | 4000000 | 44.40 |
| Retail portion will be oversubscribed by | 1667 | |
| Forms | ||
| How much Shares to Apply in Teerth Gopicon IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 133200 |
| Min HNI Application | 2400 Sh | Rs.266400 |
Who are the Promoters of Teerth Gopicon IPO?
Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani are the promoters of the company.
What are the Objects of Teerth Gopicon IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Funding the working capital requirements of the company; and
General Corporate Purpose.
| Teerth Gopicon IPO Tentative timetable | |
| IPO opens on | 8 April 2024 |
| IPO Closes on | 10 April 2024 |
| IPO Allotment on | 12 April 2024 |
| Refund Initiation | 15 April 2024 |
| Credit of Shares | 15 April 2024 |
| Listing on | 16 April 2024 |
| Registered Office of the Company Teerth Gopicon Limited 703, Sapath Complex-I, Opp. Rajpath Club, Near Madhur Hotel, Bodakdev, Ahmedabad-38005 |
| Who is the Lead Manager of Teerth Gopicon IPO? Interactive Financial Services Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Teerth Gopicon IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 46.21 | 0.46 | 0.58 | 7.82 |
| 2021-22 | 31.21 | 0.15 | 0.19 | 2.50 |
| 2022-23 | 39.15 | 1.79 | 2.24 | 22.72 |
| Book Value of the Share on | 31.03.2023 | Rs 15.77 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 111 | |||
| Teerth Gopicon IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 49.55 |
| Price/BV Ratio | – |
| Upper price/BV after IPO | 7.04 |
How Teerth Gopicon IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Teerth Gopicon | 10 | 39.08 49.55 | |
| Man Infraconstruction | 2 | 880.97 | 45.07 |
| ITD Cementation | 1 | 4700.58 | 38.71 |
| Lithika Infrastructure | 5 | 358.62 | 18.53 |
| Udayshivakumar Infr | 10 | 287.91 | 13.52 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Teerth Gopicon IPO To the point Guidance
Teerth Gopicon is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in the Madhya Pradesh. It has also worked as sub-contractor and constructed residential tower in the city of Indore.
Size: The net size of the IPO is Rs.44.40 Cr comprising of 4000000 shares. With 1667 applications, retail portion will get one time subscribed. Huge oversubscription may not be possible.
Financial Snapshot: Based on earnings of 2022-23, the shares are offered at PE ratio of 49.55, which is on higher side. Very small listing gain may be possible. Not so attractive.
Quicklinks
Teerth Gopicon IPO GMP today details?
Teerth Gopicon IPO
Teerth Gopicon IPO FAQs
What is Teerth Gopicon IPO?
Teerth Gopicon is a SME IPO of 4000000 equity shares of the face value of Rs. 10 aggregating up to Rs.44.40 Crores. The issue is priced at Rs.111 per share. The minimum order quantity is 1200 Shares.
When will Teerth Gopicon IPO open?
Teerth Gopicon IPO opens on April 8, 2024, and closes on April 11, 2024.
What is the lot size of Teerth Gopicon IPO?
Teerth Gopicon IPO lot size is 1200 Shares, and the minimum amount required is Rs.133200.
How to apply for Teerth Gopicon IPO?
You can apply in Teerth Gopicon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Teerth Gopicon IPO allotment?
The finalization of Basis of Allotment for Teerth Gopicon IPO will be done on April 12, 2024, and the allotted shares will be credited to your demat account by April 15, 2024.
When is Teerth Gopicon IPO listing date?
Teerth Gopicon IPO listing date is April 16, 2024.
