TGIF Agribusiness IPO Details: TGIF Agribusiness has officially set the date for its Initial Public Offering (IPO). Commencing on May 8th, the IPO will run until May 10th. This offering, hosted on the BSE SME platform, aims to raise ₹6.39 crores. Investors can participate within a price band of ₹93, with a market lot comprising 1200 shares.
Specializing in horticulture, TGIF Agribusiness operates expansive farmland exceeding 110 acres across Ajari, Kasindra, and Kojra villages in the Pindwara tehsil of Sirohi district, Rajasthan. Pomegranate cultivation constitutes over 95% of their revenue, supplemented by dragon fruit and Sagwan tree cultivation.
Employing diverse agricultural techniques, the company emphasizes quality fruit production. Practices such as fruit thinning, enhancing vegetative growth, and moisture monitoring optimize crop quality. Through a community-oriented approach, TGIF Agribusiness employs local farmers and workers, providing supervision to ensure consistent crop quantity and quality.
Their primary distribution channels include retailers, wholesalers, retail chains, hypermarkets, and mandis. Employing a Business-to-Business (B2B) model, customers visit farms to inspect produce, negotiating prices accordingly. Additionally, plans are underway to introduce a Business-to-Consumer (B2C) model, branded as Direct2home service. This initiative will enable local customers to place orders, with products picked, packed, and directly delivered from the farm to their homes.
TGIF Agribusiness IPO Objectives:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Purchase of agricultural equipment & irrigation system;
- To meet Working Capital requirements, and
- General Corporate Purpose.
TGIF Agribusiness IPO Review (Apply or Not)
- Update soon
TGIF Agribusiness IPO Date & Price Band Details:
| IPO Open: | 8-May-2024 |
| IPO Close: | 10-May-2024 |
| IPO Size: | Approx ₹6.39 Crores, 687,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹93 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
TGIF Agribusiness IPO Lot Size:
The TGIF Agribusiness IPO features a minimum market lot size of 1200 shares, requiring an application amount of ₹111,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹111,600 |
| Retail Maximum | 1 | 1200 | ₹111,600 |
| S-HNI Minimum | 2 | 2400 | ₹223,200 |
TGIF Agribusiness IPO Timeline:
The TGIF Agribusiness IPO is scheduled to commence on May 8th, with the closing date set for May 10th. Following this, the IPO allotment date is slated for May 13th, with the possibility of the IPO listing occurring on May 15th.
| IPO Open Date: | 8-May-2024 |
| IPO Close Date: | 10-May-2024 |
| Basis of Allotment: | 13-May-2024 |
| Refunds: | 14-May-2024 |
| Credit to Demat Account: | 14-May-2024 |
| IPO Listing Date: | 15-May-2024 |
TGIF Agribusiness IPO GMP Today:
Currently, the Grey Market Premium (GMP) for the TGIF Agribusiness SME IPO has not yet commenced. We are diligently monitoring this and will provide regular updates on its progress. Please check back with us frequently for the most recent GMP information.
As of the second session, the GMP for the TGIF Agribusiness SME IPO has initiated. However, it is still in its early stages, and it’s premature to ascertain its trajectory. We are committed to updating this information daily, ensuring you stay informed about the latest GMP trends and additional details. Keep following us to stay abreast of the TGIF Agribusiness SME IPO’s daily GMP performance and anticipated listing price.
TGIF Agribusiness Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1.82 | ₹1.43 | ₹0.38 |
| 2022 | ₹2.07 | ₹0.90 | ₹1.15 |
| 2023 | ₹2.32 | ₹1.02 | ₹1.30 |
| November 2023 | ₹1.72 | ₹0.90 | ₹0.81 |
TGIF Agribusiness IPO Valuation – FY2023
Check TGIF Agribusiness IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.85 per Equity Share |
| Price/Earning P/E Ratio: | 13.58 |
| Return on Net Worth (RoNW): | 73.95% |
| Net Asset Value (NAV): | ₹10.00 per Equity Share |
Peer Group
- Raghuvansh Agrofarms Limited
- Bangalore Fort Farms Limited
Company Promoters
- Mr. Niraj Chhaganraj Gemawat
- Ms. Rachana Niraj Gemawat
TGIF Agribusiness IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
TGIF Agribusiness IPO Allotment Status
Check TGIF Agribusiness IPO allotment status on Bigshare website URL. Click Here
TGIF Agribusiness IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
