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SME IPO Status: Listed [8th Apr 2024 to 10th Apr 2024]
Teerth Gopicon IPO, a SME IPO of ₹44.40 Cr was launced on 08-04-2024 to 10-04-2024 and the shares got listed on NSE SME on 16-04-2024.
The public issue of Teerth Gopicon IPO (TGL) was offered at ₹111.00 per share and the ipo was listed at ₹125.00. It has delivered listing gain of 12.61%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 16800.00 per lot return on listing.
| SME IPO Issue Opening Date: | 8th Apr 2024 |
| SME IPO Issue Closing Date: | 10th Apr 2024 |
| SME IPO Issue Price: | ₹111.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹44.40 Cr |
| Fresh Issue: | ₹44.40 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.5% |
| Promoter Holding Post IPO: | 64.33% |
| Allotment Status: | Allotment Status |
| NSE Code: | TGL |
Get important updates regarding Teerth Gopicon SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Apr 2024 |
| Refunds Initiation* | 15th Apr 2024 |
| Credit of Shares to Demat* | 15th Apr 2024 |
| SME IPO Listing Date* | 16th Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹111.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹133200 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-04-2024 | 111.00 | 16 | 14600 | ₹127 (14.41%) | 16-Apr-2024 10:23 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2019, Teerth Gopicon Limited is a construction and development company primarily engaged in the construction of roads, sewers and water supply systems in Madhya Pradesh. It has executed a wide range of civil engineering projects such as building construction works, water supply, pipelines, sewerage network, sewage treatment plant, nalla taps, reuse network, overflow tanks, GSR, road construction, rehabilitation of lakes, etc.
As an Engineering, Procurement, and Construction (EPC) contractor, our scope of services encompasses meticulous project planning, procurement of construction materials, plant and machinery, project execution, as well as operation and maintenance in strict adherence to contractual provisions.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Civil Construction | ₹44.40 Cr | http://www.teerthgopicon.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,899,600 (50%) | 1,899,600 (50%) | 3,799,200 | |
| 1 | 8th Apr 2024 19:32 | 2.23x | 2.16x | 2.19x |
| 2 | 9th Apr 2024 19:32 | 4.73x | 5.49x | 5.11x |
| 3 | 10th Apr 2024 19:32 | 97.12x | 44.33x | 75.54x |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,719.79 | 4,743.30 | 4,277.16 | 3,115.47 |
| Revenue | 6,970.02 | 3,914.87 | 3,120.77 | 4,620.74 |
| Profit After Tax | 784.04 | 179.22 | 15.27 | 46.45 |
| Net Worth | 1,572.74 | 788.70 | 609.49 | 594.22 |
| Reserves and Surplus | 772.74 | 288.70 | 109.49 | 94.22 |
| Total Borrowing | 937.18 | 337.98 | 1,365.50 | 933.82 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Teerth Gopicon Limited | 3.58 | 15.77 | 31.01 | 22.72 | Standalone | |
| Conart Engineers Limited | 6.29 | 80.51 | 13.65 | 78.11 | Standalone | |
| Brahmaputra Infrastructure Limited | 3.76 | 53.58 | 18.42 | 6.99 | Standalone | |
| MBL Infrastructure Ltd | 0.55 | 118.13 | 103.27 | 0.47 | Standalone | |
| Tarmat Limited | 3.57 | 61.33 | 28.35 | 5.64 | Standalone |
Last Updated on 20-Apr-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Teerth Gopicon SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Teerth Gopicon SME IPO with Zerodha.
Alternate approch to apply in Teerth Gopicon SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Teerth Gopicon SME IPO Review and Important Updates
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To subscribe or apply in Teerth Gopicon SME IPO, you can use the following methods:
| Teerth Gopicon SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Teerth Gopicon SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Teerth Gopicon SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Teerth Gopicon SME IPO. Most of the Syndicate Banks provide access to apply in Teerth Gopicon IPO via ASBA process. You must have your net banking access, DP ID information to apply in Teerth Gopicon SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Teerth Gopicon SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Teerth Gopicon SME IPO Review and Important Updates
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Teerth Gopicon SME IPO is going to be list on 16-04-2024. NSE Code for Teerth Gopicon is TGL.
Other relevant questions:
When Teerth Gopicon SME IPO will be listing? Teerth Gopicon SME IPO NSE listing date?Teerth Gopicon SME IPO date of listing
Teerth Gopicon SME IPO Allotment Date is 12-04-2024.
Other relevant questions:
Teerth Gopicon SME IPO share allotment date?Teerth Gopicon SME IPO allotment date?
