Teerth Gopicon IPO Review

 
Teerth Gopicon IPO Review

IPO Open Date: April 8, 2024

IPO Close Date: April 11, 2024

IPO Price: ₹111 per share

Lot Size: 1200 Shares

Listing: April 16, 2024

Teerth Gopicon is scheduled to hit the market on April 8, 2024 and close on April 11, 2024. Teerth Gopicon plans to raise around ₹44.40 Cr through an IPO with a sale of up to 4,000,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Teerth Gopicon Limited, established in 2019, specializes in road construction, sewerage, and water supply projects in Madhya Pradesh. Additionally, the company has served as a subcontractor and successfully completed a residential tower project in Indore.

They have a track record of working as a registered contractor for governmental bodies such as ISCDL, IMC, USCL, UMC, MPJNM, as well as undertaking construction projects for private clients. Their portfolio encompasses a diverse array of civil engineering ventures including building construction, water supply systems, sewage networks, treatment plants, nalla taps, overhead tanks, road infrastructure, lake restoration, among others.

Teerth Gopicon



Teerth Gopicon IPO Details

Teerth Gopicon IPO opens on April 08, 2024, and closes on April 11, 2024. The Listing date for Teerth Gopicon IPO is on April 16, 2024. The price band for IPO is ₹111 per share and lot size of 1200 Shares.

IPO DateApril 08, 2024 to April 11, 2024
Listing DateApril 16, 2024
Price₹111 per share
Lot Size1200 Shares
Issue Size₹44.40 Cr
Face Value₹10 per share

Teerth Gopicon IPO Tentative Timetable

Teerth Gopicon opening date is April 08, 2024 and close date is April 11, 2024. The IPO allotment date is April 12, 2024. The refund initiation of IPO is on April 15, 2024. The credit of shares in demat account is on April 15, 2024. The listing date is on April 16, 2024.

EventDate
IPO OpeningApril 08, 2024
IPO ClosingApril 11, 2024
IPO Allotment DateApril 12, 2024
Refund InitiationApril 15, 2024
Shares Credit to DematApril 15, 2024
Lisiting DateApril 16, 2024

Teerth Gopicon IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹133,200).

CategoryLotsSharesAmount
Retail(Minimum)11200₹133,200
Retail(Maximum)11200₹133,200
HNI (Minimum)22400₹266,400

Teerth Gopicon IPO Promoter Holding

Pre Issue Share Holding87.00%
Post Issue Share Holding

Teerth Gopicon IPO Review

Teerth Gopicon Limited, a company involved in road construction, sewerage, and water supply in Madhya Pradesh, recently launched its IPO with a market capitalization of Rs 133.2 Cr. The company has shown significant growth in its financial performance, with a 25.45% increase in revenue and a whopping 1073.67% rise in profit after tax between March 2022 and March 2023. Moreover, the key performance indicators as of September 2, 2023, reflect strong numbers with ROE at 30.09, ROCE at 31.76, and a PAT margin of 9.09%.

Investors considering Teerth Gopicon's IPO should note the company's impressive post-issue EPS of Rs 5.66, resulting in a relatively low P/E ratio of 19.62, indicating potential undervaluation. The company plans to utilize the net proceeds from the IPO to fund its working capital requirements and for general corporate purposes. With a diverse portfolio of civil engineering projects and a history of serving both government and private sector clients, Teerth Gopicon Limited presents itself as a promising investment opportunity in the infrastructure sector.

Overall, Teerth Gopicon Limited's IPO seems attractive, given its strong financial performance, sound key performance indicators, and the company's strategic objectives for the funds raised. Investors looking to capitalize on the infrastructure development sector in Madhya Pradesh may find this IPO worth considering. However, as with any investment decision, thorough research and consultation with financial advisors are recommended to assess the suitability of this opportunity based on individual risk appetite and investment goals.

Teerth Gopicon IPO Subscription Status (Bidding Details)

Table not found

Teerth Gopicon IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Teerth Gopicon IPO FAQs

What is Teerth Gopicon IPO?

Teerth Gopicon is issuing 4,000,000 equity shares with a face value of ₹10 each, totaling up to ₹44.40 Cr. The shares are being offered at a price of ₹111 each, with a minimum order quantity of 1200 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Teerth Gopicon IPO will open?

Teerth Gopicon will open on April 08, 2024 for QIB, NII, and Retail Investors.

When Teerth Gopicon IPO will end?

Teerth Gopicon will end on April 11, 2024.

What is Teerth Gopicon IPO Size?

Teerth Gopicon IPO size is 44.40 Cr.

What is Teerth Gopicon IPO Price Band?

Teerth Gopicon price band is ₹111 per share.

What is the Teerth Gopicon IPO Allotment Date?

Teerth Gopicon allotment date is April 12, 2024.

What is the Teerth Gopicon IPO Listing Date?

Teerth Gopicon listing date is April 16, 2024. The IPO is to be listed on BSE and NSE.

How to Teerth Gopicon IPO through Zerodha?

To apply for the IPO “Teerth Gopicon” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Teerth Gopicon IPO through Upstox?

To apply for the IPO “Teerth Gopicon” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Teerth Gopicon IPO Allotment Status?

For Teerth Gopicon IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Teerth Gopicon IPO GMP?

You can check out here: Teerth Gopicon IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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