TGIF Agribusiness Limited IPO (TGIF Agribusiness IPO)

TGIF Agribusiness Limited IPO
Upcoming TGIF Agribusiness IPO | New TGIF Agribusiness IPO

TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, is active in the open field cultivation of fruit and vegetable varieties.

The company is engaged in the cultivation of pomegranates, dragon fruit and timber plantations, i.e. sagwan trees. The company also grows and harvests seasonal vegetables and fruits such as lemons, watermelons and chilies.

The company’s farmlands are located in Ajari, Kasindra and Kojra in Rajasthan and cover an area of over 110 acres. The land has been leased from Niraj Chhaganraj Gemawat (promoter), Rachna Gemawat (promoter), Niraj Chhaganraj Gemawat HUF and Vipin Moharir.

The company sells most of its products through a B2B business model to retailers, wholesalers, retail chains, hypermarkets and mandis. The company also plans to sell its products directly to customers through a B2C model called Direct2home Service.

As of November 30, 2023, the company employed around 8 people at various levels of the organization.

TGIF Agribusiness IPO

TGIF Agribusiness IPO – Details

IPO Opening Date08 May 2024
IPO Closing Date10 May 2024
Issue TypeFixed Price Issue IPO
Issue Size6,87,600 Shares Worth ₹6.39 Crore
Fresh Issue: 6,87,600 Shares Worth ₹6.39 Crore
Face Value₹10 per equity share
IPO Price₹93
Market Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
Other Shares Offered50%

TGIF Agribusiness IPO – Date Schedule

IPO Open Date08 May 2024
IPO Close Date10 May 2024
Basis of Allotment13 May 2024
Initiation of Refund14 May 2024
Credit of Shares to Demat Account14 May 2024
IPO Listing Date15 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 10, 2024

TGIF Agribusiness IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,11,600
Retail (Maximum)11200₹1,11,600
HNI (Minimum)22400₹2,23,200

Competitive Strengths

  • Product selection and quality control.
  • Diversified product range.
  • Experienced management and operational team.

Company Promoters

  • Mr. Niraj Chhaganraj Gemawat
  • Ms. Rachana Niraj Gemawat

Object Of The Issue

  • Purchase of agricultural equipment & irrigation system;
  • To meet Working Capital requirements, and
  • General Corporate Purpose.
TGIF Agribusiness IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20211.811.420.38
31 March 20222.070.901.15
31 March 20232.321.011.30
30 November 20231.710.900.810.67
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)47.7
EPS (Rs)6.854.72
P/E (x)13.5819.71

TGIF Agribusiness IPO Promoter Holding

Pre Issue Share Holding99.80%
Post Issue Share Holding73.28%

TGIF Agribusiness IPO Prospectus

Company Contact Information

TGIF Agribusiness Limited

A/52, Fairy Society, 5th Floor,
Corporate House, Bodakdev,
Ahmedabad – 380054

Phone: +079 49887770

TGIF Agribusiness IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

TGIF Agribusiness IPO Lead Manager(s)

1. Hem Securities Limited

TGIF Agribusiness IPO FAQs

TGIF Agribusiness IPO FAQs
What is TGIF Agribusiness IPO?

TGIF Agribusiness IPO is a SME IPO. The issue is priced at ₹93 per equity share. The IPO is to be listed on BSE SME.
When TGIF Agribusiness IPO will open?

The IPO is to open on 08 May 2024 for Retails – 50% and Others – 50% Investors.
How to TGIF Agribusiness IPO?

You can apply for TGIF Agribusiness IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the TGIF Agribusiness IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TGIF Agribusiness”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the TGIF Agribusiness IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TGIF Agribusiness”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is TGIF Agribusiness IPO Size?

TGIF Agribusiness IPO size is ₹6.39 crores.
What is TGIF Agribusiness IPO Price Band?

TGIF Agribusiness IPO Price Band is ₹93.
What is TGIF Agribusiness IPO Minimum and Maximum Lot Size?

The minimum bid is 1200 Shares with ₹1,11,600 amount while the maximum bid is 1200 shares with ₹1,11,600.
What is the TGIF Agribusiness IPO Allotment Date?

TGIF Agribusiness IPO allotment date is  13 May 2024.
What is the TGIF Agribusiness IPO Listing Date?

TGIF Agribusiness IPO listing date is 15 May 2024. The IPO is to list on BSE SME.
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