The TGIF Agribusiness Limited date has been confirmed from May 8, 2024 to May 10, 2024. Read the post to learn about TGIF Agribusiness Limited IPO GMP.
TGIF Agribusiness IPO is a fixed price issue of Rs 6.39 crores. The issue is entirely a fresh issue of 6.88 lakh shares. The TGIF Agribusiness IPO’s allocation is set to be completed by Monday, May 13, 2024. It will be listed on BSE SME with a tentative listing date of Wednesday, May 15, 2024.
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Key Details Of TGIF Agribusiness Limited IPO
Bidding Dates
May 8-10
Price Range
₹93 per share
Face Value
₹10 per share
GMP
₹70
TGIF Agribusiness Limited IPO GMP
The TGIF Agribusiness Limited IPO GMP is ₹70.
IPO Overview
The IPO price for TGIF Agribusiness is ₹93 per share. Retail investors must invest a minimum of ₹111,600, equivalent to 1200 shares. HNI investors, on the other hand, need to invest in 2 lots, which are 2400 shares, amounting to ₹223,200. TGIF Agribusiness cultivates pomegranates, dragon fruit, and timber plantations, specifically swan trees. Additionally, the company grows and harvests seasonal vegetables and fruits like lemons, watermelons, and chillies.
TGIF Agribusiness Limited IPO Details
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 687,600 shares (aggregating up to ₹6.39 Cr) |
| Fresh Issue | 687,600 shares (aggregating up to ₹6.39 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,900,000 |
| Share holding post issue | 2,587,600 |
| Market Maker portion | 34,800 shares Hem Finlease |
TGIF Agribusiness Limited Financial Information
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 282.32 | 187.52 | 65.33 | 291.62 |
| Revenue | 171.79 | 232.28 | 207.14 | 181.59 |
| Profit After Tax | 81.41 | 130.07 | 115.48 | 38.18 |
| Net Worth | 190.00 | 175.89 | 45.82 | 257.91 |
| Total Borrowing | 67.30 | |||
| Amount in ₹ Lakhs | ||||
TGIF Agribusiness Limited IPO Timeline
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
Company Profile
TGIF Agribusiness Limited, formerly ARV Farmpro LLP, was established in 2014. The company specializes in growing various fruits and vegetables in open fields. They cultivate pomegranates, dragon fruit, swan trees, lemons, watermelons, and chillies. Their farmlands cover over 110 acres in Ajari, Kasindra, and Kojra, Rajasthan. The company leases land from Niraj Chhaganraj Gemawat, Rachna Gemawat, Niraj Chhaganraj Gemawat HUF, and Vipin Moharir. They mainly sell their products through a B2B model to retailers, wholesalers, retail chains,
hypermarkets, and mandis. Additionally, they plan to introduce a B2C model called Direct2home Service for selling directly to customers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | TGIF Agribusiness Limited |
| Phone number | +079 49887770 |
| Email ID | [email protected] |
| Website | tgifagri.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
TGIF Agribusiness Limited IPO FAQs
When TGIF Agribusiness IPO will open?
The TGIF Agribusiness IPO opens on May 8, 2024 and closes on May 10, 2024.
What is the lot size of TGIF Agribusiness IPO?
TGIF Agribusiness IPO lot size is 1200 Shares, and the minimum amount required is ₹111,600.
When is TGIF Agribusiness IPO listing date?
The TGIF Agribusiness IPO listing date is not yet announced. The tentative date of TGIF Agribusiness IPO listing is Wednesday, May 15, 2024.
