Contents
- 1 Table of Contents
- 2 TGIF Agribusiness Limited IPO Details
- 3 TGIF Agribusiness Limited IPO Date and Roadmap
- 4 TGIF Agribusiness Limited IPO GMP Today
- 5 TGIF Agribusiness Limited IPO Subscription Status
- 6 TGIF Agribusiness Limited IPO Allotment Status
- 7 Know About TGIF Agribusiness Limited
- 8 TGIF Agribusiness Limited Promoters Holding
- 9 Objects of the Issue IPO
- 10 TGIF Agribusiness Limited Financial Report (Restated)
- 11 Key Performance Indicator (KPI) of TGIF Agribusiness Limited
- 12 Peer Group Comparison with TGIF Agribusiness Limited
- 13 TGIF Agribusiness Limited IPO Registrar
- 14 TGIF Agribusiness Limited IPO Book Running Lead Manager
- 15 TGIF Agribusiness Limited Contact
- 16 FAQs of TGIF Agribusiness Limited IPO
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.
Table of Contents
TGIF Agribusiness Limited IPO Details
| Open Date | May 8, 2024 |
| Close Date | May 10, 2024 |
| Listing Date | May 15, 2024 |
| IPO Size | 6.88 lakh equity shares aggregating up to ₹6.39 Cr. |
| Face Value | ₹10 per share |
| IPO Price Band | ₹93 per share |
| IPO Listing on | BSE SME |
| Lot Size | 1200 Shares |
| OFS | NA |
| Retail Quota | 50% of the total issue share |
| QBI | 50% of the total issue share |
| HNI |
TGIF Agribusiness Limited IPO Date and Roadmap
| IPO Open Date | May 8, 2024 |
| IPO Close Date | May 10, 2024 |
| Basis of Allotment | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| The credit of Shares | May 14, 2024 |
| Listing Date | May 15, 2024 |
TGIF Agribusiness Limited IPO GMP Today
TGIF Agribusiness Limited IPO GMP Today is ₹0.
| Date | GMP | IPO Price | Estimate Listing Price | Update On |
| 05/05/2024 | ₹0 | ₹93 | ₹93 | 05/05/2024 |
| 04/05/2024 | ₹0 | ₹93 | ₹93 | 04/05/2024 |
| 03/05/2024 | ₹0 | ₹93 | ₹93 | 03/05/2024 10:02 |
| 02/05/2024 | ₹0 | ₹93 | ₹93 | 02/05/2024 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. No | Particulars | Amount (₹ in Lakh) |
|---|---|---|
| 1. | Purchase of agricultural equipment and irrigation system | 205.97 |
| 2. | To meet Working Capital requirements | 227.05 |
| 3. | General Corporate Purpose | 153.76 |
| Total | 586.78 |
TGIF Agribusiness Limited Financial Report (Restated)
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| 31st November, 2023 | 31st March, 2023 | 31st March, 2022 | 31st March, 2021 | |
| Liabilities | 282.32 | 187.52 | 65.33 | 291.62 |
| Assets | 282.32 | 187.52 | 65.33 | 291.62 |
| Revenue | 171.79 | 232.28 | 207.14 | 181.59 |
| PAT (Profit After Tax) | 81.41 | 130.07 | 115.48 | 38.18 |
| Net Worth | 190.00 | 175.89 | 45.82 | 257.91 |
Key Performance Indicator (KPI) of TGIF Agribusiness Limited
| Particulars | As of 31 November 2023 |
| EBITDA | 86.13 Lakh,50.47% |
| PAT Margin (in %) | 47.70% |
| RoCE (%) | – |
| RoE (%) | 44.50% |
| RoNW (%) | 42.85 |
| EPS | 6.85 in pre-issue and post-issue EPS is 4.72 |
| PE Ratio | 19.71 Post-IPO |
Peer Group Comparison with TGIF Agribusiness Limited
| Company | Parameter | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| TGIF Agribusiness Limited | Revenue from operations | 170.67 | 229.69 | 202.58 |
| EBITDA (Rs. Lakhs) | 86.13 | 136.86 | 122.91 | |
| EBITDA Margin | 50.47% | 59.58% | 60.67% | |
| PAT (Rs. Lakhs) | 81.41 | 130.07 | 115.48 | |
| PAT Margin | 47.70% | 56.63% | 57.00% | |
| RoNW (%) | 42.85% | 73.95% | 252.02% | |
| Raghuvansh Agrofarm Limited | Revenue from operations | 674.47 | 1124.61 | 546.54 |
| EBITDA (Rs. Lakhs) | 286.90 | 243.94 | 310.93 | |
| EBITDA Margin | 42.54% | 21.69% | 56.89% | |
| PAT (Rs. Lakhs) | 485.31 | 458.20 | 384.19 | |
| PAT Margin | 71.95% | 40.74% | 70.30% | |
| RoNW (%) | 9.19% | 9.56% | 8.83% | |
| Bangalore Fort Farms Limited | Revenue from operations | 2446.33 | 2235.74 | 2019.38 |
| EBITDA (Rs. Lakhs) | 21.16 | 46.96 | 26.26 | |
| EBITDA Margin | 0.86% | 0.021 | 0.013 | |
| PAT (Rs. Lakhs) | 17.1 | 14.59 | 15.99 | |
| PAT Margin | 0.70% | 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
Email: bssdelhi@bigshareonline.com
Website: https://www.bigshareonline.com/
TGIF Agribusiness Limited IPO Book Running Lead Manager
HEM Securities
Contact Person: Mr. Sourabh Garg
Email: ib@hemsecurities.com
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
Email: cs@tgifagribusiness.com
Website: http://www.tgifagri.com/
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.
