TGIF Agribusiness Limited IPO

BSE SME

Listed On: May 15, 2024 at ₹ 150.0

₹ 111600 /1200 Shares

Check Allotment

TGIF Agribusiness Limited IPO Details

08 May, 2024

Open Date

10 May, 2024

Close Date

13 May, 2024

Allotment Date

15 May, 2024

Listing Date

Issue Price

₹93 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

150.0

Listing Date

2024-05-15

Market Lot

1200 Shares (₹111,600/-)

Lead Manager

Hem Securities Limited

Issue Size

687,600 shares(aggregating up to ₹6.39 Cr)

Retail Portion

50%

Subscription

37.19 times

IPO Docs

DRHP RHP

The IPO of TGIF Agribusiness Limited is priced at ₹93 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

TGIF Agribusiness Limited IPO bid opening date is from May 8, 2024 and the bid closing date was May 10, 2024.
TGIF Agribusiness Limited IPO allotment result will be available on May 13, 2024. The tentative listing date for TGIF Agribusiness Limited is May 15, 2024.

The total issue size is 687,600 shares(aggregating up to ₹6.39 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	326,400	326,400	652,800
Day 1 - 08-05-24 06:00 PM	0.88 x	2.05 x	1.46 x
Day 2 - 09-05-24 06:00 PM	2.41 x	5.90 x	4.15 x
Day 3 - 10-05-24 06:00 PM	41.45 x	32.92 x	37.19 x

Total No. of Applications: 10,906 (Approx)

TGIF Agribusiness Limited Valuations

EPS Pre IPO

₹6.85/-

EPS Post IPO

₹4.72/-

P/E Pre IPO

13.58

P/E Post IPO

19.71

RoNW

42.85%

PAT Margin

47.70%

Price to Book Value

9.30

TGIF Agribusiness Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	187.52	65.33	291.62
Revenue	232.28	207.14	181.59
Profit After Tax	130.07	115.48	38.18

About The Company

TGIF Agribusiness Limited, which earlier was known as ARV Farmpro LLP, was established in 2014. It is an active open-field cultivation site for fruit and vegetable varieties.

The company cultivates pomegranates and dragon fruit along with timber plantations on sagwan trees. Besides that, the firm cultivates the seasonal vegetables and fruits including lemons, watermelons, and chilies.

The farmlands of the Company are situated in Ajari, Kasindra, and Kojra in the state of Rajasthan spread over more than 110 acres of land. The land has been rented from Niraj Chhaganraj Gemawat (promoter), Rachna Gemawat (promoter), Niraj Chhaganraj Gemawat HUF, and Vipin Moharir.

The Company sells most of its products to the retailers, wholesalers, retail chains, hypermarkets and mandis under a B2B business model. The company will also sell products directly to the customers through B2C business model called Direct2home Service.

As on November 30, 2023, the company had about 8 people working at different levels of the organization.

TGIF Agribusiness Limited - Promoter(s)

Pre Issue Share Holding: 99.80%

Post Issue Share Holding: 73.28%

Company Promoter(s)

Mr. Niraj Chhaganraj Gemawat
Ms. Rachana Niraj Gemawat

TGIF Agribusiness Limited IPO - Issue Objectives

Purchase of agricultural equipment & irrigation system
To meet Working Capital requirements
General Corporate Purpose.

Other Details

Company Contact Details

TGIF Agribusiness Limited

A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad - 380054

Phone: +079 49887770

Email: cs@tgifagribusiness.com

Website: http://www.tgifagri.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

TGIF Agribusiness Limited IPO - FAQs

Ans. TGIF Agribusiness Limited IPO is a SME IPO. The issue is priced at ₹93 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on May 8, 2024, and closes on May 10, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The TGIF Agribusiness Limited IPO opens on May 8, 2024 and closes on May 10, 2024.

Ans. The size of TGIF Agribusiness Limited IPO is 687,600 shares(aggregating up to ₹6.39 Cr).

Ans. The IPO price band is set between ₹93 per equity share.

Ans. To apply for TGIF Agribusiness Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find TGIF Agribusiness Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of TGIF Agribusiness Limited IPO is May 13, 2024.

Ans. The TGIF Agribusiness Limited IPO will be listed on May 15, 2024.

Ans. Follow the steps to check the allotment status for TGIF Agribusiness Limited IPO here.