Teerth Gopicon Limited IPO Detail
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 February 29, 2024, the company had a total of 164 permanent employees (including workmen) in various departments.
Company Promoters
Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav KumbhaniIPO Details
| IPO Opening Date | Apr 08, 2024 |
| IPO Closing Date | Apr 10, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹111 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹44.40 Cr |
| Fresh Issue | ₹44.40 Cr |
| Offer for Sale | - |
| Retail Portion | 47.49% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 2.23x | 2.16x | 2.19x |
| Day 2 | 0.00x | 0.00x | 0.00x | 4.73x | 5.49x | 5.11x |
IPO Tentative Timetable
The Teerth Gopicon Limited IPO open date is Apr 08, 2024, and the close date is Apr 10, 2024. The issue may list on Apr 16, 2024.
| IPO Open Date | Apr 08, 2024 |
| IPO Close Date | Apr 10, 2024 |
| Basis of Allotment Date | Apr 12, 2024 |
| Initiation of Refunds | Apr 15, 2024 |
| Credit of Shares to Demat Account | Apr 15, 2024 |
| IPO Listing Date | Apr 16, 2024 |
IPO Lot Size
The Teerth Gopicon Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹133200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹133200 |
| Maximum | 1 | 1200 | ₹133200 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.5% |
| Post Issue Share Holding | 64.33% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3115.47 | 4620.74 | 46.45 |
| 31-Mar-22 | 4277.16 | 3120.77 | 15.27 |
| 31-Mar-23 | 4743.30 | 3914.87 | 179.22 |
| 31-Jan-24 | 13719.79 | 6970.02 | 784.04 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Teerth Gopicon Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Teerth Gopicon Limited
703, Sapath Complex-I, Opp. Rajpath Club,
Near Madhur Hotel,
Bodakdev, Ahmedabad-380054
