TGIF Agribusiness IPO: Things to Know Before Applying

TGIF Agribusiness IPO is open for subscription starting Monday, May 8, 2024, and closing on Thursday, May 10, 2024. The price of this upcoming IPO is decided at Rs 93 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots with 2400 shares. The minimum investment required for retail category investors is Rs 1,11,600 (93 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,23,200 (93 x 2400 shares). TGIF Agribusiness IPO is a book-built issue of Rs 6.39 crores. This upcoming IPO is a fresh issue of 6.88 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 13, 2024. TGIF Agribusiness IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead manager of TGIF Agribusiness IPO is Hem Securities Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Hem Finlease. 

About TGIF Agribusiness Limited

TGIF Agribusiness Limited was founded in 2014 and is engaged in the open-field cultivation of fruit and vegetables. Previously, it was known as ARV Farmpro LLP. The company is involved in cultivating pomegranates, dragon fruit and timber plantation. The company also grows and harvests seasonal vegetables and fruits such as lemons, watermelons and chilies. TGIF’s farmland is located in Ajari, Kasindra, Kojra in Rajasthan over an area of 110 acres. They sell most of its products through a Business-to-Business model to retailers, wholesalers, retail chains, hypermarkets and mandi’s. The company also plans to sell its products directly to customers through the B2C channel. As of November 30, 2023, the company has a team of 8 people at various levels of organisation. 

Objectives of TGIF Agribusiness IPO

The net proceeds received from this initial public offer will be utilised to purchase agricultural equipment and irrigation systems. The remaining funds will be used for meeting the day to day expenses of the business. Additionally, the general corporate purposes will also be met.

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Financials of TGIF Agribusiness Limited (Amt in Rs Lakhs)

TGIF Agribusiness posted a revenue of Rs 171.79 lakhs and net profit of Rs 81.41 lakhs for the period ending on 30 Nov 2023. The company’s revenue increased by 12.14% and PAT increased by 12.63% between the FY ending on March 31, 2023 and March 31, 2022.

Other Important Details of TGIF Agribusiness IPO

Time-Table of TGIF Agribusiness IPO

Lot Size of TGIF Agribusiness IPO

IPO Reservation of TGIF Agribusiness Limited

Key Performance Indicator of TGIF Agribusiness Limited IPO

EPS and P/E Ratio Post IPO

Promoters of TGIF Agribusiness Limited and Their Holdings

The promoters of TGIF Agribusiness company are Mr. Niraj Chhaganraj Gemawat and Ms. Rachana Niraj Gemawat.

Lead Manager(s) of TGIF Agribusiness IPO

The lead manager for TGIF Agribusiness IPO is Hem Securities Limited.

How do you apply for the TGIF Agribusiness IPO?

Wait for the public issue to open for subscription, then click here to apply for the TGIF Agribusiness Limited IPO with Bigul. 

How do you check the allotment status of TGIF Agribusiness IPO?

The registrar for TGIF Agribusiness IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What is the TGIF Agribusiness IPO?

TGIF Agribusiness IPO is a book-built  issue of Rs 6.39 crores. This upcoming IPO is a fresh issue of 6.88 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 13, 2024.

2. Who are the lead managers for the TGIF Agribusiness Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for TGIF Agribusiness Limited, handling the IPO's administrative aspects. 

4. How can I apply for the TGIF Agribusiness IPO?

The public subscription of this new IPO will open on May 8, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net proceeds received from this initial public offer will be utilised to purchase agricultural equipment and irrigation systems. The remaining funds will be used to meet the business's day-to-day expenses. Additionally, the general corporate purposes will also be met.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the TGIF Agribusiness Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of TGIF Agribusiness Limited?

TGIF Agribusiness posted a revenue of Rs 171.79 lakhs and net profit of Rs 81.41 lakhs for the period ending on 30 Nov 2023. The company’s revenue increased by 12.14% and PAT increased by 12.63% between the FY ending on March 31, 2023 and March 31, 2022.

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