TGIF Agribusiness is primarily a horticulture company engaged in open farming of certain fruits and vegetables. Their farmland is spread over an area of over 110 acres and is situated in the vicinity of three villages i.e. Ajari, Kasindra, and Kojra, all of which are located in the tehsil of Pindwara, district Sirohi, Rajasthan. The company is mainly engaged in the farming of pomegranate which contributes to more than 95% of their revenue from operations. Apart from the farming of pomegranates, they are also engaged in the farming and cultivation of dragon fruits and Sagwan trees.
They follow different farming practices to produce quality fruits such as fruit thinning, wherein some portion of fruit crop from the tree is removed before its maturity, to improve the general size and quality of the remaining crop, leaf vegetative growth practice to reduce tolerance level of external appearance, protecting fruit with protection material, measuring soil moisture to determine the water application. Under their farming model, wherein they generally employ farmers and workers in the vicinity of their farms. They also engage themselves in to supervision of farmers and croppers to constantly monitor the quantity and quality of crops.
They currently sell the majority of their products to retailers, wholesalers, retail chain stores, hypermarkets, and mandis. Under the B2B model, all these customers visit the farms to evaluate the farm and the produce, and based on price negotiations prices are finalized with the customers. They also have plans to sell their produce through their B2C model under the name of Direct2home service, where the local customers can place the order and the products will be picked, packed from the farm, and delivered to the customer’s home directly.
Objects of the Issue:
- Purchase of agricultural equipment & irrigation system
- To meet Working Capital requirements
- General Corporate Purpose
TGIF Agribusiness IPO Review
- Avoid
TGIF Agribusiness IPO Date & Price Band Details
| IPO Open: | May 8, 2024 |
| IPO Close: | May 10, 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 Market Lot
The TGIF Agribusiness IPO minimum market lot is 1200 shares with a ₹111,600 application amount.
| 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 Dates
The TGIF Agribusiness IPO date is May 8 and the IPO close date is May 10. The IPO allotment date is May 13 and the IPO might list on May 15.
| 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
TGIF Agribusiness IPO Form
How to apply TGIF Agribusiness IPO? You can apply TGIF Agribusiness IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the TGIF Agribusiness IPO in the Invest section. The other option you can apply TGIF Agribusiness IPO via IPO forms download via the BSE website. Check out the TGIF Agribusiness forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
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: [email protected]
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: [email protected]
Website: http://www.tgifagri.com/
