TGIF Agribusiness Limited IPO
TGIF Agribusiness Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹93 per share. The stock debuted at ₹150, delivering a listing gain of 61.3%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,11,600.
TGIF Agribusiness Limited IPO
- IPO Dates
- May 8, 2024 – May 10, 2024
- Price band
- ₹93 per equity share
- Minimum Investment
- ₹1,11,600
- Issue size
- ₹6.39 Cr
- Lot size
- 1200
- Allotment Date
- May 13, 2024
- Listing
- May 15, 2024
- Listing At
- BSE SME
IPO timeline
-
May 8, 2024
Open Date
Completed
-
May 10, 2024
Close Date
Completed
-
May 13, 2024
Allotment Date
Completed
-
May 15, 2024
Listing Date
Completed
TGIF Agribusiness Limited IPO Essentials
TGIF Agribusiness Limited IPO Details
TGIF Agribusiness Limited IPO is priced at ₹93 per share with a total issue size of 6.39 crore. The IPO has a lot size of 1200 shares and is listed on BSE SME.
- Issue price
- ₹93 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 687,600 shares(aggregating up to ₹6.39 Cr)
- Total issue size
- 6,87,600 shares
(aggregating up to ₹6.39 crore) - Fresh issue
- 6,87,600 shares
(aggregating up to ₹6.39 crore) - Listing at
- BSE SME
- List price
- 150.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,11,600 |
| Retail(max) | 1 | 1200 | ₹1,11,600 |
| NII (min) | 2 | 2,400 | ₹2,23,200 |
TGIF Agribusiness Limited IPO Reservation
TGIF Agribusiness Limited IPO reservation details show category-wise allocation of shares. Out of the total 687,600 shares, approximately 47.47% for retail investors, and 5.06% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 34,800 (5.06%) | |
| Retail Shares Offered | 326,400 (47.47%) | |
| Total Shares Offered | 687,600 (100%) |
TGIF Agribusiness Limited IPO Analytics
TGIF Agribusiness Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
TGIF Agribusiness Limited IPO Subscription Status
TGIF Agribusiness Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
TGIF Agribusiness Limited Valuations
Earnings
- EPS Pre IPO
- ₹6.85/-
- EPS Post IPO
- ₹4.72/-
- P/E Pre IPO
- 13.58
- P/E Post IPO
- 19.71
Returns
- RoNW
- 42.85%
- PAT Margin
- 47.70%
Fundamentals
- Price / Book
- 9.30
TGIF Agribusiness Limited Financials( In Lakhs)
| 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 |
TGIF Agribusiness Limited Company & Offer Insights
About TGIF Agribusiness Limited
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)
Mr. Niraj Chhaganraj Gemawat, Ms. Rachana Niraj Gemawat are the company's promoters of TGIF Agribusiness Limited.
TGIF Agribusiness Limited IPO Issue Objectives
- •
- Purchase of agricultural equipment & irrigation system
- •
- To meet Working Capital requirements
- •
- General Corporate Purpose.
TGIF Agribusiness Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| TGIF Agribusiness Limited | 6.85 | 6.85 | N/A | 13.57 | 73.95 | N/A | Restated Financial Statement |
| Raghuvansh Agrofarms Ltd | 4.07 | 4.07 | N/A | 110.74 | 9.19 | N/A | Financial Results |
| Bangalore Fort Farms Ltd | 0.36 | 0.36 | N/A | 59.92 | 0.1 | N/A | Financial Results |
Notes:
- The EPS and RoNW of the company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
- Return on Net Worth (RoNW) has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Information
Contact Details
TGIF Agribusiness Limited
+079 49887770
A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad - 380054
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
TGIF Agribusiness Limited IPO is a Fixed Priced IPO worth ₹6.39 crore. The issue price is ₹93 per share (fixed price). The IPO opens on May 8, 2024 and closes on May 10, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of TGIF Agribusiness Limited IPO is ₹93 per share (fixed price).
The lot size of TGIF Agribusiness Limited IPO is 1200 shares.
The minimum investment for TGIF Agribusiness Limited IPO is approximately ₹1,11,600 based on the issue price .
TGIF Agribusiness Limited IPO opens on May 8, 2024 and closes on May 10, 2024.
The allotment date of TGIF Agribusiness Limited IPO is May 13, 2024.
TGIF Agribusiness Limited IPO is expected to be listed on May 15, 2024, on BSE SME Platform.
TGIF Agribusiness Limited IPO valuation snapshot: P/E 19.71, EPS ₹4.72/-, P/B 9.30, RoNW 42.85%, and market cap N/A.
To apply for TGIF Agribusiness Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of TGIF Agribusiness Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for TGIF Agribusiness Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check TGIF Agribusiness Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TGIF Agribusiness Limited IPO allotment status on IPO Ji for quick and easy access.