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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹44.40 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹44.40 Cr |
| Fresh Issue | ₹42.17 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹111.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TGL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Interactive Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital requirement | 33.40 |
| 2 | General corporate purposes | 10.24 |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 137.20 | 47.43 | 42.77 | 31.15 |
| Total Income | 69.70 | 39.15 | 31.21 | 46.21 |
| Profit After Tax | 7.84 | 1.79 | 0.15 | 0.46 |
| NET Worth | 15.73 | 7.89 | 6.09 | 5.94 |
| Reserves and Surplus | 7.73 | 2.89 | 1.09 | 0.94 |
| Total Borrowing | 9.37 | 3.38 | 13.66 | 9.34 |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 66.40% |
| ROCE | 48.40% |
| Debt / Equity | 0.60% |
| RoNW | 22.72% |
| PAT Margin | 11.26% |
| Price to Book Value | 5.65 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.24 | 7.84 |
| P/E (x) | 49.55 | 14.16 |
| Promoter Holding | 96.5% | 64.33% |
| Market Cap | ₹133.20 Cr. | |
