Teerth Gopicon Limited IPO
The company, a forward-thinking engineering construction and development entity, specializes in the construction of roads, sewerage systems, and water distribution networks primarily within Madhya Pradesh, India. Leveraging the expertise gained over a concise yet impactful period of not more than five years in corporate operations, they’ve also marked their excellence as a subcontractor by constructing residential towers in Indore. This journey of growth and diversification is built on the solid foundation laid by their promoter, Maheshbhai Khumbhani, who initiated Gopi Construction in 2009.
Core Competencies: As a registered civil contractor for various Central and State Government bodies, including ISCDL, IMC, USCL, UMC, and MPJNM, their company has executed a plethora of civil engineering projects. These projects range from building construction, water supply pipelines, sewerage networks, treatment plants, nalla tapping works, reuse networks, over head tanks (OHTs), ground storage reservoirs (GSRs), road works, to the rejuvenation of lakes, showcasing their versatility and capability in handling diverse infrastructure projects.
EPC Contractor Excellence: As an Engineering, Procurement, and Construction (EPC) contractor, they provide comprehensive services that encompass detailed engineering of projects, procurement of construction materials, plant and machinery, along with the construction, execution, operation, and maintenance as per contractual agreements. Their vast pool of manpower, extensive fleet of machinery and equipment, coupled with their engineering prowess, empowers them to manage and execute multiple projects simultaneously. This robust infrastructure and project execution skillset have been pivotal in strengthening their client relationships and securing projects from new clients.
Geographical Footprint and Clientele: Their operations, though concentrated in Madhya Pradesh, span several key cities including Indore, Chhattarpur, Sagar, Dindori, Jabalpur, and Ujjain. Their diverse client portfolio includes prominent entities like Indore Smart City Development Limited, Indore Municipal Corporation, Ujjain Smart City Limited, Ujjain Municipal Corporation, and Madhya Pradesh Jal Nigam Maryadit, underlining their pivotal role in the region’s infrastructural development.
In conclusion, under the adept guidance of their promoter and with a strong focus on quality, innovation, and client satisfaction, their company is poised for continued growth and success in the infrastructure sector, driving development and prosperity in their operational regions.
Objects of the Teerth Gopicon Limited IPO:
Teerth Gopicon Limited IPO Details:
Open Date: | Apr 08 2024 |
Close Date: | Apr 11 2024 |
Total Shares: | 4,000,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 44.40 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 111 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Apr 16 2024 |
Promoters And Management:
Financials of Teerth Gopicon Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
10M-FY24 |
Revenue from Operations | 4,619 | 3,117 | 3,908 | 6,963 |
Other Income | 1 | 4 | 7 | 7 |
Total Revenue | 4,621 | 3,121 | 3,915 | 6,970 |
Cost of materials consumed | 3,683 | 2,527 | 3,071 | 5,094 |
Changes in Inventories | -52 | -24 | 69 | -219 |
Employees Benefit Expenses | 155 | 172 | 240 | 304 |
Other Expenses | 726 | 367 | 227 | 568 |
EBITDA | 110 | 78 | 308 | 1,223 |
Depreciation & Amortisation | 41 | 42 | 33 | 80 |
Finance Cost | 0.4 | 3 | 23 | 69 |
EBIT | 68 | 35 | 274 | 1,143 |
OPM (%) | 2.38% | 2.49% | 7.86% | 17.54% |
PBT | 68 | 33 | 252 | 1073 |
Tax | 22 | 18 | 72 | 289 |
PAT | 46 | 15 | 179 | 784 |
NPM (%) | 1.01% | 0.49% | 4.58% | 11.25% |
No.of Shares | 119.99 | 119.99 | 119.99 | 119.99 |
EPS | 0.38 | 0.12 | 1.49 | 6.53 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Teerth Gopicon Limited | 39 | 2 | 1.49 | 74.3 | 111 | 133 |
Conart Engineers Limited | 35 | 2 | 6.27 | 12.9 | 112 | 35 |
Brahmaputra Infrastructure Limited | 179 | 11 | 3.68 | 17.1 | 87 | 252 |
MBL Infrastructure Ltd | 159 | -51 | -4.82 | N/A | 54.7 | 573 |
Tarmat Limited | 144 | 7 | 3.48 | 161.0 | 110 | 235 |
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