TGIF Agribusiness Limited IPO Price, Date, GMP and Allotment

TGIF Agribusiness Limited is launching its IPO, offering 6.88 lakh fresh shares at a fixed price of Rs 93 per share, totalling Rs 6.39 crores. The subscription period is open from May 8 to May 10, 2024, with the final allotment expected on May 13. The IPO will debut on BSE SME on May 15, 2024.

To invest in TGIF Agribusiness Limited IPO, retail investors need to apply for a minimum of 1200 shares, requiring an investment of at least Rs 111,600. For HNIs, the minimum investment is 2 lots (2,400 shares), amounting to Rs 223,200.

TGIF Agribusiness Limited IPO
TGIF Agribusiness IPO

TGIF Agribusiness Limited IPO Details

Open DateMay 8, 2024
Close DateMay 10, 2024
Listing DateMay 15, 2024
IPO Size6.88 lakh equity shares aggregating up to ₹6.39 Cr.
Face Value₹10 per share
IPO Price Band₹93 per share
IPO Listing onBSE SME
Lot Size1200 Shares
Retail Quota50% of the total issue share
QBI50% of the total issue share

TGIF Agribusiness Limited IPO Date and Roadmap

IPO Open DateMay 8, 2024
IPO Close DateMay 10, 2024
Basis of AllotmentMay 13, 2024
Initiation of RefundsMay 14, 2024
The credit of SharesMay 14, 2024
Listing DateMay 15, 2024

TGIF Agribusiness Limited IPO GMP Today

TGIF Agribusiness Limited IPO GMP Today is ₹0.

DateGMPIPO PriceEstimate Listing PriceUpdate On
03/05/2024₹0₹93₹9303/05/2024 10:02
02/05/2024₹0₹93₹9302/05/2024 22:02

TGIF Agribusiness Limited IPO Subscription Status

To see TGIF Agribusiness Limited‘s IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link.

TGIF Agribusiness Limited IPO Allotment Status

You can check the allotment status for the TGIF Agribusiness Limited IPO by following these steps. First, click the link BIGSHARE SERVICES PVT LTD. Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number.

Once entered the required information, click on submit and then you can view the allotment status of the IPO. This process should be done around the expected date of May 13, 2024.

Know About TGIF Agribusiness Limited

TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, started in 2014. They specialize in growing fruits and veggies in open fields.

Their main crops include pomegranates, dragon fruit, and sagwan trees for timber. They also grow seasonal produce like lemons, watermelons, and chillies.

Their farms, spanning 110 acres, are in Ajari, Kasindra, and Kojra in Rajasthan. They lease the land from promoters Niraj Chhaganraj Gemawat, Rachna Gemawat, Niraj Chhaganraj Gemawat HUF, and Vipin Moharir.

TGIF mainly sells to retailers, wholesalers, retail chains, hypermarkets, and mandis. They’re also planning to sell directly to consumers with a service called Direct2home.

Reference document- TGIF Agribusiness Limited IPO RHP

TGIF Agribusiness Limited Promoters Holding

Mr. Niraj Chhaganraj Gemawat and Ms. Rachana Niraj Gemawat are the promoters of the company. Before the issue, their shareholding stands at 99.80%. After the issue, it decreases to 73.28%.

Objects of the Issue IPO

S. NoParticularsAmount (₹ in Lakh)
1.Purchase of agricultural equipment and irrigation system205.97
2.To meet Working Capital requirements227.05
3.General Corporate Purpose153.76

TGIF Agribusiness Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakh)
31st November, 202331st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91

Key Performance Indicator (KPI) of TGIF Agribusiness Limited

ParticularsAs of 31 November 2023
EBITDA86.13 Lakh,50.47%
PAT Margin (in %)47.70%
RoCE (%)
RoE (%)44.50%
RoNW (%)42.85
EPS6.85 in pre-issue and post-issue EPS is 4.72
PE Ratio19.71 Post-IPO

Peer Group Comparison with TGIF Agribusiness Limited

TGIF Agribusiness LimitedRevenue from operations170.67229.69202.58
EBITDA (Rs. Lakhs)86.13136.86122.91
EBITDA Margin50.47%59.58%60.67%
PAT (Rs. Lakhs)81.41130.07115.48
PAT Margin47.70%56.63%57.00%
RoNW (%)42.85%73.95%252.02%
Raghuvansh Agrofarm LimitedRevenue from operations674.471124.61546.54
EBITDA (Rs. Lakhs)286.90243.94310.93
EBITDA Margin42.54%21.69%56.89%
PAT (Rs. Lakhs)485.31458.20384.19
PAT Margin71.95%40.74%70.30%
RoNW (%)9.19%9.56%8.83%
Bangalore Fort Farms LimitedRevenue from operations2446.332235.742019.38
EBITDA (Rs. Lakhs)21.1646.9626.26
EBITDA Margin0.86%0.0210.013
PAT (Rs. Lakhs)17.114.5915.99
PAT Margin0.70%0.65%0.79%
RoNW (%)0.10%2.00%2.24%

TGIF Agribusiness Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

TGIF Agribusiness Limited IPO Book Running Lead Manager

HEM Securities
Contact Person: Mr. Sourabh Garg
Telephone No.: +91-022-49060000

TGIF Agribusiness Limited Contact

TGIF Agribusiness Limited
A/52, Fairy Society, 5th Floor,
Corporate House, Bodakdev,
Ahmedabad – 380054
Phone: +079 49887770

TGIF Agribusiness Limited IPO Application Form PDF

To download the TGIF Agribusiness Limited IPO application form click on Application Form Download ASBA IPO Forms PDF.

FAQs of TGIF Agribusiness Limited IPO

What is the size of TGIF Agribusiness Limited’s IPO?

The IPO of TGIF Agribusiness Limited consists of 6.88 lakh equity shares, amounting to ₹6.39 crores.

What is the price band and lot size for TGIF Agribusiness Limited IPO?

The fixed price per share for the IPO is ₹93. The minimum lot size for the application is 1200 shares.

When does the subscription period for TGIF Agribusiness Limited IPO open and close?

The subscription period for TGIF Agribusiness Limited IPO opens on May 8, 2024, and closes on May 10, 2024.

How can I check the allotment status of TGIF Agribusiness Limited IPO?

To check the allotment status, visit the website of BIGSHARE SERVICES PVT LTD and enter your Application Number or PAN Number around the expected date of May 13, 2024.

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