Teerth Gopicon Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Teerth

CMP

394.20

+0.20 (0.05%)

  • DRHP
₹111

Offer Price

₹ 44.40 Cr

Issue Size

₹ 1,33,200

Min Investment

1,200

Lot size

Time Line

  • 08
    Apr 2024
    Open
  • 10
    Apr 2024
    Close
  • 16
    Apr 2024
    Listing Date

Objects of the Offer

  • Expand its geographical footprint.

  • Continued focus on Water Supply Projects (WSP) business.

  • Retaining Skilled Manpower.

Products & Services

  • Teerth Gopicon Limited is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in the Madhya Pradesh.

Strengths

  • Extensive experience in managing and completing projects on time and within budget.

  • Strong Presence in Madhya Pradesh.

  • Continuous focus on Equipment ownership.

  • Focused Player in Water Supply projects(WSP).

  • Robust network and relationships with suppliers, enabling better negotiating power and access to high-quality materials.

Risks

  • Its business is concentrated in the state of Madhya Pradesh and any adverse development affecting its operations in the state could have an adverse impact on its business, financial condition and results of operations.

  • The company does not own registered office situated at Ahmedabad and Corporate office situated in Indore.

  • The company operates in a highly competitive environment.

  • The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

  • Delay in completion of projects may affect its reputation and revenue adversely.

Company Promoters

Promoters Holding

Issue For IPO
27.50%
Pre Holding

82.50%

Post Holding

55.00%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 31.17 (-32.50%) 39.08 (25.40%) 22.72 (-)
Gross Profit 31.17 (-32.50%) 39.08 (25.40%) 22.72 (-)
Net Income 31.17 (-32.50%) 39.08 (25.40%) 22.72 (-)
Assets 31.17 (-32.50%) 39.08 (25.40%) 22.72 (-)
Liabilities 31.17 (-32.50%) 39.08 (25.40%) 22.72 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Teerth Gopicon Ltd 39.08 1.79 11.81 3.92 22.72 0.00 15.77 1.25 0.33
Man Infraconstruction Ltd 1,890.35 258.57 1,780.83 1,780.83 23.73 6.96 30.85 14.51 0.19
ITD Cementation India Ltd 5,090.91 124.24 5,016.53 5,016.53 10.03 7.23 72.27 2.47 0.59
Likhitha Infrastructure Ltd 364.96 59.52 296.04 296.04 23.80 15.28 63.62 20.10 0.00
Udayshivakumar Infra Ltd 286.90 16.05 284.64 284.64 11.12 4.37 26.05 5.63 0.31
Conart Engineers Ltd 35.49 1.97 29.70 29.70 7.81 6.29 80.50 6.64 0.00
Brahmaputra Infrastructure Ltd 178.58 10.69 596.69 596.69 7.10 3.70 51.06 1.79 1.46
MBL Infrastructure Ltd 159.39 -50.52 2,956.01 2,956.01 -6.42 -4.82 75.03 -1.70 1.45
Tarmat Ltd 143.66 7.42 213.04 213.04 5.67 2.37 61.29 3.48 0.05

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

No.703 Sapath Complex-I,
Near Madhur Hotel Bodakdev,
Ahmedabad - 380054
Phone : +91 91 99798 40806 Email : investor@teerthgopicon.com www.teerthgopicon.com

Offer Related Information

Initial public issue of upto 39,99,600 equity shares of face value of Rs. 10/- each of Teerth Gopicon Limited ("TGL" or the "Company" or the "Issuer") for cash at a price of Rs. 111 per equity share including a share premium of Rs. 101 per equity share (the "Issue Price") aggregating to Rs. 44.40 crores ("The Issue"), of which 2,00,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 111 per equity share including a share premium of Rs. 101 per equity share... More

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