Table of Contents
Overview: Teerth Gopicon IPO
Teerth Gopicon Limited (TGL) is a company operating in the Indian construction sector, which has recently launched its IPO. If we understand the background of the company, the company was established in 2019 and primarily works in Madhya Pradesh. State. The company’s work profile is related to road construction, sewerage systems, and water distribution projects. Also at this stage, the Company is working in Indore, Chhatarpur, Sagar, Dindori, Jabalpur and Ujjain cities of Madhya Pradesh.
The objective of the Issue.
Let’s discuss how the company will use the funds raised through the IPO. A major use of funds will be to meet working capital requirements, which refers to carrying out the day-to-day cash requirement of the company’s operations.
For a construction company, adequate working capital is always an important part. Money is needed for various expenses, including:
1. Labour cost
2. Raw material
3. Timely payment to vendors and customers.
Inadequate working capital may cause project delays and hinder overall growth. Therefore, it will be necessary to secure funds through an IPO to meet the operational requirements of the company.
Teerth Gopicon Ltd IPO Important Dates
| IPO Open Date | 8th of April, 2024 (Monday) |
| IPO Close Date | 10th of April, 2024 (Wednesday) |
| Basis of Allotment | 12th of April, 2024 (Friday) |
| Initiation of Refunds | 15th of April, 2024 (Monday) |
| Credit of Shares to Demat | 15th of April, 2024 (Monday) |
| Listing Date | 16th of April, 2024 (Tuesday) |
Teerth Gopicon Ltd IPO Price Band Details
- The face value of each share is ₹10.
- Investors can bid ₹111 (Fixed price issue).
- The minimum number of shares you can apply for is one lot of 1200 shares.
- The minimum amount required for investment is ₹1,33,200 per lot.
- The total number of shares offered is 3,999,600 shares, amounting to ₹44.40 crore.
- The shares will be listed on the BSE, SME Exchange.
| Face Value | ₹10 |
| Price | ₹111 per share |
| Issue Type | Fixed Price Issue IPO |
| Lot Size | 1200 Shares |
| Minimum Investment | ₹1,33,200 |
| Listing At | NSE and SME |
IPO Investment Calculator
| Number of Lots | IPO Issue Price (₹) | Lot Size | Total Capital Required (₹) |
|---|---|---|---|
| ₹111 | 1200 |
Teerth Gopicon Ltd Financial Details
| Date | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Jan-2024 | 13,719.79 | 6,970.02 | 784.04 | 1,572.74 | 772.74 | 937.18 |
| 31-Mar-2023 | 4,743.30 | 3,914.87 | 179.22 | 788.70 | 288.70 | 337.98 |
| 31-Mar-2022 | 4,277.16 | 3,120.77 | 15.27 | 609.49 | 109.49 | 1,365.50 |
| 31-Mar-2021 | 3,115.47 | 4,620.74 | 46.45 | 594.22 | 94.22 | 933.82 |
- Assets: Assets have shown steady growth over the past four years, indicating potential growth in the company’s operational scale.
- Revenue: Revenue fluctuates, with a significant increase in 2021 followed by a decrease in 2022 and 2023. This may be due to project-based work or industry trends. But compared to the last three years the company has generated good revenue in 2024.
- Profitability: Profit after tax shows significant volatility. A substantial increase in 2024 suggests potential improvement in profitability, but a more extended track record is needed for confirmation.
- Net Worth and Reserves: Net worth and reserves have grown consistently over the past four years, indicating potential financial stability.
- Total Borrowing: Compared to the previous data record the total borrowing has decreased in 2024.
Teerth Gopicon Ltd GMP and Estimated Listing Price
As per the grey market, in the current market, Teerth Gopicon Ltd’s lowest GMP (grey market price) is ₹12 and its highest GMP is ₹18, Companies listing IPO fixed price issue at ₹111, and investors expect listing at ₹129, which is an estimated listing of 16.22% gain.
For more information check the company website: Teerth Gopicon Limited
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.
FAQs
What is the issue size of the Teerth Gopicon IPO?
The issue size is ₹44.40 Crore.
What is the IPO price per share and Lot size of the IPO?
The issue price is set at ₹111 per equity share and The minimum lot size is 1200 shares.
What are the IPO dates?
The bidding period for the IPO is from April 8, 2024, to April 11, 2024.
