Teerth Gopicon Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

08 Apr 2024

Close Date

10 Apr 2024

Allotment

12 Apr 2024

Listing Date

16 Apr 2024

Exchange

NSE SME

Price Band

₹111

Listing Price

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Allotment Status

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Price Band

₹111

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

39,99,600 shares (aggregating up to ₹44.40 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹133,200

1 lot

Pre-IPO Holding

80,00,000 shares

Promoters

Post-IPO Holding

1,19,99,600 shares

Promoters

P/E (Pre)

49.55x

P/E (Post)

14.16x

EPS (Pre)

₹2.24

EPS (Post)

₹7.84

UPI Deadline

2024-04-10

Mandate

Anchor AllotmentSun, 07 Apr 2024

Basis of AllotmentFri, 12 Apr 2024

Refund InitiationMon, 15 Apr 2024

Demat CreditMon, 15 Apr 2024

Listing DayTue, 16 Apr 2024

UPI Mandate Deadline2024-04-10

Sale TypeFresh Capital

Net Offer to Public37,99,200 shares (aggregating up to ₹42.17 Cr)

Market Maker Quota2,00,400 shares (aggregating up to ₹2.22 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Teerth Gopicon Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 10 Apr 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	200,400	—	₹2.22
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,999,600	100%	₹44.40

IPO Shares Offered

Teerth Gopicon Ltd IPO total issue size: ₹44.40 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	200,400	₹2.22	5.01%
Total	3,999,600	₹44.40	100.00%

* Based on upper price band ₹111 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹111.00

Upper Band

Min Investment

₹133,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹266,400
Retail (Max — 13 Lots)	13	15,600	₹1,731,600
S-HNI (Min — 14 Lots)	14	16,800	₹1,864,800
B-HNI (Min — 68 Lots)	68	81,600	₹9,057,600

* Issue Price ₹111 × Lot Size 1,200 shares

IPO Schedule

Anchor

07 Apr 2024

✓ Done

IPO Open

08 Apr 2024

✓ Done

IPO Close

10 Apr 2024

✓ Done

Allotment

12 Apr 2024

✓ Done

Refunds

15 Apr 2024

✓ Done

Demat Credit

15 Apr 2024

✓ Done

Listing Day

16 Apr 2024

✓ Done

₹111.00

INR · NSE

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Issue ₹111.00 Live Price

About Teerth Gopicon Ltd

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.

Objects of the Issue

Funding the working capital requirements of the company; and

General Corporate Purpose.

Teerth Gopicon Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,120.8

31 Mar 2022

₹3,914.9

31 Mar 2023

₹6,970.0

31 Jan 2024

Profit After Tax (PAT)

₹15.3

31 Mar 2022

₹179.2

31 Mar 2023

₹784.0

31 Jan 2024

Particulars	31 Jan 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	6970.02	3914.87	3120.77
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	784.04	179.22	15.27
Net Worth	1572.74	788.70	609.49
Total Assets	13719.79	4743.30	4277.16
Reserves & Surplus	772.74	288.70	109.49
Borrowings	937.18	337.98	1365.50
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	11.26%	—	—

P/BV Ratio

5.65

RoE

66.40%

RoCE

48.40%

RoNW

22.72%

PAT Margin

11.26%

Debt/Equity

0.60

Issue Structure & Shareholding

Total Shares Offered39,99,600 (100.00%)

Net Offer to Public37,99,200 shares (aggregating up to ₹42.17 Cr)

Reserved for Market Maker2,00,400 shares (aggregating up to ₹2.22 Cr)

Pre-Issue Promoter Holding80,00,000 shares

Post-Issue Promoter Holding1,19,99,600 shares

P/BV Ratio5.65

RoE66.40%

RoCE48.40%

Debt / Equity0.60

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Interactive Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Teerth Gopicon Ltd IPO subscribed? ▲

Teerth Gopicon Ltd IPO is subscribed 1.00 times by Apr 10, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Teerth Gopicon Ltd IPO retail subscription status? ▼

The Teerth Gopicon Ltd IPO retail category is subscribed 1.00 times as of 10 Apr 2024. The retail portion is oversubscribed.

How to subscribe Teerth Gopicon Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 08 Apr 2024 and closes 10 Apr 2024. Min investment: ₹133,200 (1 lot = 1,200 shares). UPI mandate: 2024-04-10.

How many times Teerth Gopicon Ltd IPO subscribed? ▼

The Teerth Gopicon Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Teerth Gopicon Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Apr 2024. Refunds: on 15 Apr 2024.

When Teerth Gopicon Ltd IPO will be listed? ▼

The Teerth Gopicon Ltd IPO listing date is 16 Apr 2024, Tuesday. Listed on: NSE SME. Issue price: ₹111. Estimated listing: ₹111. GMP: NIL.

When Teerth Gopicon Ltd IPO close? ▼

The Teerth Gopicon Ltd IPO closes on 10 Apr 2024, Wednesday. UPI mandate: 2024-04-10. Allotment: 12 Apr 2024. Listing: 16 Apr 2024.

Quick Actions

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Live Price LIVE

Last Price₹111.00

Change—

Issue Price₹111.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹111

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹133,200

GMPNIL

Est. Listing₹111

Subscribed1.00x

Open Date08 Apr 2024

Close Date10 Apr 2024

Allotment12 Apr 2024

Listing Date16 Apr 2024

ExchangeNSE SME

UPI Deadline2024-04-10