
Teerth Gopicon Limited (NSE SME)
Apr 8, 2024 - Apr 10, 2024
Price | ₹111 - ₹111 |
Premium | ₹16 |
---|---|
Lot size | 1200 |
Allotment | Apr 12, 2024 |
Listing | Apr 16, 2024 |
Category | Lot(s) | Qty | Amount | Reserved |
---|---|---|---|---|
Retail | 1 | 1200 | 133200 | 1583 |
HNI | 2 | 2400 | 266400 | 1583 |
Last updated on 10-Apr-2024 17:01:02
Category | Offered | Applied | Times |
---|---|---|---|
NIB | 1899600 | 184398000 | 97.07 |
RETAIL | 1899600 | 79320000 | 41.76 |
Total | 3799200 | 263718000 | 69.41 |
Retail Apps | 66100 | © IPO Premium |
HNI Interest Cost Per Share (7 Days) | |||||
---|---|---|---|---|---|
@7% ₹14.46 | @8% ₹16.53 | @9% ₹18.6 | @10% ₹20.66 | @11% ₹22.73 | @12% ₹24.8 |
IPO Reservation
Investor Category | Shares Offered | No. of Shares |
---|---|---|
Retail | 47.5% | 1899600 |
Other | 47.5% | 1899600 |
Market Maker | 5.01% | 200400 |
Total No. of Shares | 100.0% | 3999600 |
Teerth Gopicon Limited, established in 2019, stands as a dynamic player in the infrastructure development sector, primarily operating in Madhya Pradesh. Specializing in road construction, sewerage, and water supply projects, the company has showcased its versatility by extending its services as a subcontractor and successfully completing residential tower projects in Indore. With registrations as a contractor for both government bodies such as ISCDL, IMC, USCL, UMC, MPJNM, and private sector clients, Teerth Gopicon Limited has garnered a diverse portfolio of civil engineering projects, ranging from building constructions to sewage treatment plants and road networks. As of February 29, 2024, the company boasts a dedicated team of 164 permanent employees across various departments, reflecting its commitment to excellence and sustainable growth in the realm of infrastructure development.
Teerth Gopicon IPO Details
Issue Size | 3,999,600 shares (aggregating up to ₹44.40 Cr) |
Fresh Issue | 3,999,600 shares (aggregating up to ₹44.40 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 8,000,000 |
Share holding post issue | 11,999,600 |
Market maker portion | 200400 Shares Giriraj stock broking |
Key Performance Indicator
KPI | Jan-24 | Mar-23 | Mar-22 |
---|---|---|---|
ROE | 66.40% | 25.64% | 2.54% |
ROCE | 48.40% | 26.16% | 3.81% |
RONW | 49.85% | 22.72% | 2.50% |
D/E | 0.60 | 0.43 | 2.24 |
EPS (basic & Diluted) | 13.29 | 3.58 | 0.31 |
P/BV | 5.65 | . | |
P/E (pre IPO) | 49.55 |
Company Financials
Teerth Gopicon Limited Financial Information (Restated)
Teerth Gopicon Limited's revenue increased by 25.45% and profit after tax (PAT) rose by 1073.67% between the financial year ending with March 31, 2023 and March 31, 2022.
Period | 31 Jan 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
---|---|---|---|---|
Assets | 13719.79 | 4,743.30 | 4,277.16 | 3,115.47 |
Revenue | 6970.02 | 3,914.87 | 3,120.77 | 4,620.74 |
Profit | 784.04 | 179.22 | 15.27 | 46.45 |
Net Worth | 1572.74 | 788.70 | 609.49 | 594.22 |
Reserves | 772.74 | 288.70 | 109.49 | 94.22 |
Borrowing | 937.18 | 337.98 | 1,365.50 | 933.82 |
Amount in ₹ Lakhs |
Strength Factors
Strong Presence in Madhya Pradesh: Teerth Gopicon Limited has established a formidable presence in Madhya Pradesh, showcasing its expertise and capability in delivering infrastructure projects in the region. This local stronghold provides the company with deep-rooted knowledge of the local terrain, regulations, and market dynamics, giving it a competitive edge in securing and executing projects efficiently.
Continuous Focus on Equipment Ownership: The company's unwavering focus on owning and maintaining its equipment demonstrates a commitment to operational efficiency and cost-effectiveness. By owning their equipment fleet, Teerth Gopicon Limited ensures greater control over project timelines, quality standards, and resource allocation, thereby enhancing its ability to deliver projects on time and within budget.
Focused Player in Water Supply Projects (WSP): Teerth Gopicon Limited's specialization and focus on water supply projects (WSP) highlight its expertise in a critical sector of infrastructure development. By concentrating on WSP, the company can leverage its experience, resources, and capabilities to deliver high-quality and sustainable solutions for water supply infrastructure, thereby positioning itself as a reliable and preferred partner for clients seeking expertise in this domain.
Risk Factors
Operational Headquarters Diversification: Operating with a registered office in Ahmedabad and a corporate office in Indore may pose challenges in terms of managing and coordinating operations effectively. The geographical spread of offices could potentially lead to communication gaps, logistical issues, and operational inefficiencies, which may impact the company's ability to respond swiftly to market dynamics and client needs.
Highly Competitive Environment: Operating in a highly competitive environment within the infrastructure sector can pose significant challenges for Teerth Gopicon Limited. Intense competition from other construction firms, both large and small, could lead to pricing pressures, reduced margins, and the need for continuous innovation to differentiate the company's offerings. Failure to effectively navigate this competitive landscape may hamper the company's growth prospects and market share.
Working Capital Requirements: The nature of the construction industry often entails high working capital requirements due to the need to finance project expenses such as labor, materials, and equipment before receiving payment from clients. Teerth Gopicon Limited's inability to fund these requirements in a timely manner could strain its liquidity position, leading to delays in project execution, supplier disputes, and potential project cancellations. Managing working capital efficiently is crucial to sustaining operations and mitigating the risk of adverse financial performance.
Teerth Gopicon IPO Lead Manager(s)
- Interactive Financial Services Ltd
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Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html