Teerth Gopicon Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹111 - ₹111
- Lot size
- 1,200 shares
- Issue amount
- ₹44.4 cr
- Total subscription
- 69.41×
- Opens
- 8 Apr 2024
- Closes
- 10 Apr 2024
- Allotment
- 12 Apr 2024
- Listing
- 16 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 39,99,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,33,200
- Fresh issue
- ₹44.4 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,33,200
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 80,00,000
- Shares after issue
- 1,19,99,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,33,200 |
| HNI | 2 | 2,400 | ₹2,66,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 21.09 | 880.45 |
| NIB | 21.09 | 2,046.82 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.29 | 3.58 | 0.31 |
| ROE | 66.4 | 25.64 | 2.54 |
| ROCE | 48.4 | 26.16 | 3.81 |
| RONW | 49.85 | 22.72 | 2.5 |
| PRE IPO(PE) | 5.65 | 0 | 0 |
| POST IPO(PE) | 49.55 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Teerth Gopicon Limited, established in 2019, is a fast-growing infrastructure development company primarily operating in Madhya Pradesh. Specializing in road construction, sewerage, and water supply projects, the company has also expanded its expertise into residential tower projects in Indore. As a registered contractor for government bodies like ISCDL, IMC, USCL, UMC, and MPJNM, along with private sector clients, Teerth Gopicon has built a diverse portfolio encompassing civil engineering, sewage treatment plants, and road networks. Backed by a dedicated team of 164 permanent employees as of February 29, 2024, the company remains committed to delivering excellence and fostering sustainable growth in the infrastructure sector.
Strengths
- Geographical Concentration Risk: A strong presence in Madhya Pradesh is beneficial, but over-reliance on a single region exposes the company to risks like policy changes, economic downturns, and competition within the state. Expanding operations to other regions could help diversify revenue streams.
- Capital-Intensive Equipment Ownership: While owning equipment provides operational control, it also demands high capital investment and ongoing maintenance costs. Ensuring optimal utilization and upgrading machinery strategically is crucial to maintaining cost-efficiency.
- Sectoral Focus on Water Supply Projects: Specializing in WSP offers expertise but also limits diversification. Any slowdown in government projects or policy changes in this sector could impact business. Expanding into complementary infrastructure areas could mitigate this risk.
Risk factors
- Operational Coordination & Efficiency: and adopting strong communication systems, ERP tools, and centralized databases can improve coordination between the Ahmedabad and Indore offices, enabling faster decisions and smoother workflows.
- Navigating Competition: and focusing on water supply project specialization while expanding into other infrastructure areas, supported by technology, sustainable practices, and cost-efficient solutions, can help the company stay ahead of competitors.
- Managing Working Capital Challenges: and improving financial planning, negotiating better payment terms, maintaining strong banking relationships, and forming joint ventures for large projects can help manage liquidity and support large-scale project execution.
Promoters
Maheshbhai Kumbhani
Chandrikaben Kumbhani
Pallav Kumbhani
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
703, Sapath Complex-I, Opp. Rajpath Club, Bodakdev, Ahmedabad -38005
+91 9979840806
[email protected]Company website ↗Understanding TGL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.