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

TGIF Agribusiness Limited IPO Subscription Details

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%

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, 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.

The company's farmlands are located in Ajari, Kasindra and Kojra in Rajasthan and cover an area of over 110 acres. The land has been leased from Niraj Chhaganraj Gemawat (promoter), Rachna Gemawat (promoter), Niraj Chhaganraj Gemawat HUF and Vipin Moharir.

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

As of November 30, 2023, the company employed around 8 people at various 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.

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.