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Teerth Gopicon IPO
Price Band
₹
Issue Size
₹44.4 Cr
Lot Size
1,200 shares
Min Investment
₹133,200
GMP
+₹16.0 (14.41%)
Issue Price
₹111.0
Subject to Sauda
₹14600
Paid only if allotted
Teerth Gopicon IPO AI Summary
- Teerth Gopicon IPO is listed on NSE SME in the Civil Construction sector.
- Subscription window: 08 Apr–10 Apr 2024, listing on 16 Apr 2024.
- Current GMP is +₹16.0 (14.41%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Teerth Gopicon IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Teerth Gopicon IPO Grey Market Premium (GMP) Today
GMP
+₹16.0
GMP %
+14.41%
Est. Listing
₹127.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2024-01-31
| 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 |
Key Ratios
EPS
₹2.24
NAV
₹19.66
ROE
66.40%
ROCE
48.40%
RoNW
22.72%
P/B Value
5.65
P/E Ratio
49.55
Market Cap
₹133.20 Cr
PAT Margin
11.26%
Debt/Equity
0.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Tarmat Limited | 61.33 | 5.64% | 28.35 | 3.57 |
| MBL Infrastructure Ltd | 118.13 | 0.47% | 103.27 | 0.55 |
| Brahmaputra Infrastructure Limited | 53.58 | 6.99% | 18.42 | 3.76 |
| Conart Engineers Limited | 80.51 | 78.11% | 13.65 | 6.29 |
| Teerth Gopicon Limited This IPO | 15.77 | 22.72% | 31.01 | 3.58 |
Promoters
Maheshbhai Kumbhani, Chandrikaben Kumbhani and Pallav Kumbhani
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹31.21 Cr in the year ending 31 Mar 2022, increasing to ₹46.21 Cr by 31 Mar 2021, and further rising to ₹39.15 Cr by 31 Mar 2023. Most recently, total income reached ₹69.70 Cr by 31 Jan 2024. This shows a positive trend in revenue growth over the periods.
Profit Trend
Profit after tax was ₹0.15 Cr in the year ending 31 Mar 2022, which increased to ₹0.46 Cr by 31 Mar 2021. It further rose to ₹1.79 Cr by 31 Mar 2023, and reached ₹7.84 Cr by 31 Jan 2024. This indicates a significant upward trend in profitability across the reported periods.
Valuation
Teerth Gopicon Limited's implied P/E at the issue price is 49.55, compared to peers trading at P/E ratios ranging from 13.65 to 103.27.
Grey Market Premium, Explained
The grey market premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and the sector's performance.
Who May Want to Wait
Investors who are risk-averse or those looking for stable, long-term returns may want to avoid IPOs in the construction sector, which can be subject to market fluctuations and project delays.
IPO Timeline, Explained
The IPO opens for subscription on April 8, 2024, and closes on April 10, 2024. Allotment of shares will be done on April 12, 2024, and the shares are expected to be listed on the stock exchange on April 16, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the overall demand for the stock. While some IPOs may see significant gains on their first day of trading, others may not perform as well, leading to potential losses for investors.
This evaluation is generated from Teerth Gopicon's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Teerth Gopicon IPO GMP today?
Teerth Gopicon IPO GMP today is +₹16.0 (14.41%). GMP is an unofficial grey-market indicator and can change daily.
When does Teerth Gopicon IPO open and close?
Teerth Gopicon IPO opens on 08 April 2024 and closes on 10 April 2024.
When does Teerth Gopicon IPO list on the stock exchange?
Teerth Gopicon IPO listed on 16 April 2024 at ₹127.0.
What is the lot size for Teerth Gopicon IPO?
The lot size for Teerth Gopicon IPO is 1200 shares, requiring a minimum investment of ₹133,200.
What is the issue price of Teerth Gopicon Limited?
The issue price is ₹111.0.
What is the minimum investment required?
The minimum investment required is ₹133,200.0.
What is the lot size for this IPO?
The lot size is 1200 shares.
When is the listing date for the shares?
The listing date is April 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the shares will list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Apr 2024
Close
10 Apr 2024
Allotment
12 Apr 2024
Listing
16 Apr 2024
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