TGIF Agribusiness IPO Details Today: TGIF Agribusiness IPO is Open on 8 May 2024 and Close on 10 May 2024. TGIF Agribusiness IPO to Raise 687,600 shares (Approx ₹6.39 Cr) via IPO. The Fresh Issue of 687,600 shares (Approx ₹6.39 Cr).
TGIF Agribusiness is incorporated 2023 primarily a horticulture Company engaged in open farming of certain fruits and vegetables. Our farm land is spread over an area of over 110 acres.
we are engaged in the farming and cultivation of dragon fruits and Sagwan trees, we have also gown and harvested lemon, water melon and chilly.
We currently sell majority of our products to retailers, wholesalers, retail chain stores, hypermarkets and mandis. Under the B2B model all these customers visit the farms for evaluating the farm and the produce and based on price negotiations prices are finalized with the customers.
We also sell our produce through our B2C model under the name of Direct2home service, where the local customers can place the order and the products are picked, packed from the farm and delivered to the customer home directly.
TGIF Agribusiness IPO Date & Price Band Details
| IPO Open Date | May 8, 2024 |
|---|---|
| IPO Close Date | May 10, 2024 |
| IPO Size | 687,600 shares (Approx ₹6.39 Cr) |
| Fresh Issue | 687,600 shares (Approx ₹6.39 Cr) |
| Lot Size | 1200 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹93 Per Every Share |
| IPO Listing On | BSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
TGIF Agribusiness IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹111,600 |
| Retail Maximum | 1 | 1200 | ₹111,600 |
| S-HNI Minimum | 2 | 2400 | ₹223,200 |
Object of the Issue
- Purchase of agricultural equipments & irrigation system;
- To meet Working Capital requirements
- General Corporate Purpose
TGIF Agribusiness IPO Allotment & Listing Date (Details)
| IPO Open Date | May 8, 2024 |
|---|---|
| IPO Close Date | May 10, 2024 |
| Basis of Allotment | May 13, 2024 |
| Refunds | May 14, 2024 |
| Credit to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
TGIF Agribusiness Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Networth | PAT |
| Nov 2023 | ₹171.79 | ₹190.00 | ₹81.41 |
| 2023 | ₹232.28 | ₹175.89 | ₹130.07 |
| 2022 | ₹207.14 | ₹45.82 | ₹115.48 |
| 2021 | ₹181.59 | ₹257.91 | ₹38.18 |
Our Company Promoters-
- Niraj Chhaganraj Gemawat
TGIF Agribusiness Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|
| TGIF Agribusiness Limited | 10.00 | 6.85 | [.] | 73.95 | 232.28 |
| Peer Group | |||||
| Raghuvansh Agrofarms Limited | 10.00 | 4.07 | 110.74 | 9.19 | 1017.34 |
| Bangalore Fort Farms Limited | 10.00 | 0.36 | 59.92 | 0.10 | 2495.77 |
Qualitative Factors
- Product selection and quality control.
- Diversified product range.
- Experienced management and operational team.
Comparison of Accounting Ratios with Peer Group Companies.
- TGIF Agribusiness Limited
- Raghuvansh Agrofarms Limited
- Bangalore Fort Farms Limited
TGIF Agribusiness Company Contact Details
A/52, Fairy Society, 5th Floor,
Corporate House, Bodakdev, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: 079 26852554
Email: info@tgifagri.com
Website:www.tgifagri.com
TGIF Agribusiness IPO Registar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai –
400093, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
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