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 – Details
| IPO Opening Date | 08 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 6,87,600 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 Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
TGIF Agribusiness IPO – Date Schedule
| IPO Open Date | 08 May 2024 |
| IPO Close Date | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation of Refund | 14 May 2024 |
| Credit of Shares to Demat Account | 14 May 2024 |
| IPO Listing Date | 15 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
TGIF Agribusiness IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,11,600 |
| Retail (Maximum) | 1 | 1200 | ₹1,11,600 |
| HNI (Minimum) | 2 | 2400 | ₹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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 1.81 | 1.42 | 0.38 | – |
| 31 March 2022 | 2.07 | 0.90 | 1.15 | – |
| 31 March 2023 | 2.32 | 1.01 | 1.30 | – |
| 30 November 2023 | 1.71 | 0.90 | 0.81 | 0.67 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 42.85 |
| P/BV | 9.3 |
| PAT Margin (%) | 47.7 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.85 | 4.72 |
| P/E (x) | 13.58 | 19.71 |
TGIF Agribusiness IPO Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | 73.28% |
TGIF Agribusiness IPO Prospectus
Company Contact Information
| TGIF Agribusiness Limited A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad – 380054 Phone: +079 49887770 Email: cs@tgifagribusiness.com Website: http://www.tgifagri.com/ |
TGIF Agribusiness IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
TGIF Agribusiness IPO Lead Manager(s)
| 1. Hem Securities Limited |
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. |
