TGIF Agribusiness Limited IPO is an BSE SME IPO. They are going to raise ₹6.39 Crores via IPO. The issue is priced at ₹93 to ₹93 per equity share. The IPO is to be listed on BSE.
TGIF Agribusiness Limited IPO opens for subscription on May 08, 2024, and closes on May 10, 2024. The allotment for the TGIF Agribusiness Limited IPO is expected to be finalized on May 13, 2024. TGIF Agribusiness Limited IPO will list on BSE SME with tentative listing date fixed as May 15, 2024.
| IPO Details | allotment |
| Minimum Investment ₹111,600 /1 Lot (1200 shares) | Price Range ₹93-₹93 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹111,600 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 6.39 Cr | Employee Discount ₹0 |
| Total Issue Size 687,600 Shares (aggregating up to ₹6.39 Cr) | Share Holding Pree Issue 1,900,000 | Issue Type Fixed Price Issue IPO |
| Fresh Issue Share 687,000 Shares (aggregating up to ₹6.39 Cr) | Share Holding Post Issue 2,587,600 | Listing At BSE SME |
| Market Maker Portion 34,800 Shares (Hem Finlease) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 08 May 2024 |
| Offer Ends | 10 May 2024 |
| Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Credit of shares to Demat account | 14 May 2024 |
| IPO Listing | 15 May 2024 |
About TGIF Agribusiness Limited
Founded in 2014, TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, is active in the open field cultivation of fruit and vegetable varieties.
The company is engaged in the cultivation of pomegranates, dragon fruit and timber plantations, i.e. sagwan trees. The company also grows and harvests seasonal vegetables and fruits such as lemons, watermelons and chilies.
They currently sell the majority of their products to retailers, wholesalers, retail chain stores, hypermarkets, and mandis. Under the B2B model, all these customers visit the farms to evaluate the farm and the produce, and based on price negotiations prices are finalized with the customers. They also have plans to sell their produce through their B2C model under the name of Direct2home service, where the local customers can place the order and the products will be picked, packed from the farm, and delivered to the customer’s home directly.
| Founded in | Managing Director |
| 2014 | Mr. |
Share Holding
Mr. Niraj Chhaganraj Gemawat and Ms. Rachana Niraj Gemawat are the company’s promoters.
| Share Holding Pre-Issue | 99.80% |
| Share Holding Post-Issue | 73.28% |
TGIF Agribusiness Limited IPO Prospectus
| TGIF Agribusiness Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹232.28 | ₹207.14 | ₹181.59 |
| Assets | ₹187.52 | ₹65.33 | ₹291.62 |
| Profit | ₹130.07 | ₹115.48 | ₹38.18 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 24.06Cr | ROE | % |
| P/E (X) | 13.58 | ROCE | % |
| POST P/E (X) | 19.71 | EPS | 6.85 |
| Debt to Equity | RONW | 42.85% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Purchase of agricultural equipment & irrigation system
- To meet Working Capital requirements
- General Corporate Purpose
Brokerage Firm IPO Review
- To be updated soon
| TGIF Agribusiness Limited Contact Details | |
| Address | TGIF Agribusiness Limited A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad – 380054 |
| Phone: | +079 49887770 |
| cs@tgifagribusiness.com | |
| Website | http://www.tgifagri.com/ |
| TGIF Agribusiness Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| TGIF Agribusiness Limited IPO Allotment Status Check |
| TGIF Agribusiness Limited IPO Allotment Status Check Click Here |
| TGIF Agribusiness Limited Lead Managers | |
| Hem Securities Limited 904, A wing, 9th Floor, Naman Midtown, Senapati bapat marg, Elphinstone road, Lower Parel, Mumbai 400 013 | |
| Phone | +91 22 49060000 |
| ipoinfo@hemonline.com | |
| Website | https://www.hemsecurities.com |
TGIF Agribusiness Limited IPO FAQs
What is TGIF Agribusiness Limited IPO?
- TGIF Agribusiness Limited IPO is an BSE SME IPO. They are going to raise ₹6.39 Crores via IPO. The issue is priced at ₹93 to ₹93 per equity share. The IPO is to be listed on BSE.
- The IPO opens on May 08, 2024, and closes on May 10, 2024.
When TGIF Agribusiness Limited IPO will open?
- The IPO is to open on May 08, 2024, for NII, and Retail Investors. and closes on May 10, 2024
What is TGIF Agribusiness Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is TGIF Agribusiness Limited IPO Size?
- TGIF Agribusiness Limited IPO size is ₹6.39 crores.
What is TGIF Agribusiness Limited IPO Price Band?
- TGIF Agribusiness Limited IPO Price Band is ₹93 to ₹93 per equity share.
What is TGIF Agribusiness Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹111,600. and Maximum Lot Size 1 Lots (1200 Shares) with ₹111,600
What is TGIF Agribusiness Limited IPO Allotment Date?
- TGIF Agribusiness Limited IPO allotment date is May 13, 2024.
What is TGIF Agribusiness Limited IPO Listing Date?
- TGIF Agribusiness Limited IPO listing date is May 15, 2024. The IPO to list on BSE.