TGIF Agribusiness IPO description – TGIF Agribusiness primarily focuses on pomegranate farming, which accounts for over 95% of its operational revenue. Additionally, the company is involved in farming and cultivating dragon fruits and Sagwan trees. It also grows and harvests a variety of seasonal vegetables and fruits, including lemons, watermelons, and chilies.
The company primarily operates as a horticulture business, specializing in open farming of various fruits and vegetables. Its farmland spans over 110 acres and is located near the villages of Ajari, Kasindra, and Kojra in Sirohi, Rajasthan.
The company primarily sells its products through a B2B model to retailers, wholesalers, retail chains, hypermarkets, and mandis. It also aims to offer its products directly to consumers through a B2C model known as Direct2home Service. As of 30 November 2023, the company had approximately 8 employees working at different levels within the organization.
Promoters of TGIF Agribusiness – Mr. Niraj Chhaganraj Gemawat, and Rachana Niraj Gemawat
Table of Contents
TGIF Agribusiness IPO Details
| TGIF Agribusiness IPO Dates | 8 – 10 May 2024 |
| TGIF Agribusiness Issue Price | INR 93 per share |
| Fresh issue | 687,600 shares (INR 6.39 crore) |
| Offer For Sale | NIL |
| Total IPO size | 687,600 shares (INR 6.39 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 111,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
TGIF Agribusiness Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 |
| Revenue | 178.61 | 202.58 | 229.69 | 170.67 |
| Expenses | 142.67 | 90.25 | 101.79 | 90.20 |
| Net income | 38.18 | 115.48 | 130.07 | 81.41 |
TGIF Agribusiness Offer News
- TGIF Agribusiness RHP
- TGIF Agribusiness Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
TGIF Agribusiness Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.01 | 6.08 | 6.85 |
| PE ratio | – | – | 13.58 |
| RONW (%) | 14.80 | 252.02 | 73.95 |
| NAV | 13.57 | 2.41 | 9.26 |
| ROCE (%) | 15.08 | 255.09 | 74.19 |
| EBITDA (%) | 27.84 | 60.67 | 59.58 |
| Debt/Equity | NA | NA | NA |
TGIF Agribusiness IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 May 2024 | 28 | – | 25,000 |
| 13 May 2024 | 30 | – | 28,000 |
| 11 May 2024 | 25 | – | 22,000 |
| 10 May 2024 | 5 | – | – |
| 9 May 2024 | 7 | – | 5,000 |
| 8 May 2024 | 10 | – | 7,000 |
TGIF Agribusiness IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 3,26,400 | 3,26,400 | 6,52,800 |
| 10 May 2024 | 41.45 | 32.91 | 37.18 |
| 9 May 2024 | 2.52 | 5.96 | 4.24 |
| 8 May 2024 | 0.88 | 2.05 | 1.46 |
The market maker reservation portion of 34,800 shares is not included in the above calculations.
TGIF Agribusiness IPO Allotment Status
TGIF Agribusiness IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
TGIF Agribusiness IPO Dates & Listing Performance
| IPO Opening Date | 8 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Finalization of Basis of Allotment | 13 May 2024 |
| Initiation of refunds | 14 May 2024 |
| Transfer of shares to demat accounts | 14 May 2024 |
| TGIF Agribusiness IPO Listing Date | 15 May 2024 |
| Opening Price on BSE SME | INR 150 per share (up 61.29%) |
| Closing Price on BSE SME | INR 142.50 per share (up 53.23%) |
TGIF Agribusiness Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
TGIF Agribusiness Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
TGIF IPO Contact Details
TGIF AGRIBUSINESS LIMITED
A/52, Fairy Society, 5th Floor, Corporate House,
Bodakdev, Ahmedabad- 380054, Gujarat
Phone: +079 49887770
E-mail: [email protected]
Website: www.tgifagri.com
IPO FAQs
What is the TGIF Agribusiness offer size?
TGIF Agribusiness’s offer size is INR 6.39 crores.
What is the TGIF Agribusiness offer price band?
TGIF Agribusiness’s public offer price is INR 93 per share.
What is the lot size of the TGIF Agribusiness Offer?
TGIF Agribusiness offer lot size is 1,200 shares.
What is TGIF Agribusiness IPO GMP today?
TGIF Agribusiness IPO GMP today is INR 28 per share.
What is the TGIF Agribusiness kostak rate today?
TGIF Agribusiness kostak rate today is INR NA per application.
What is TGIF Agribusiness Subject to the Sauda rate today?
TGIF Agribusiness is Subject to the Sauda rate today is INR 25,000 per application.
