TGIF Agribusiness IPO will open for subscription from 08 May 2024. The company aims for an issue size of ₹6.39 Cr through this IPO.
Company Overview
| Full name | TGIF Agribusiness Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://tgifagri.com/ |
About Company
TGIF Agribusiness primarily focuses on pomegranate farming, which accounts for over 95% of its operational revenue. Additionally, the company is involved in farming and cultivating dragon fruits and Sagwan trees. It also grows and harvests a variety of seasonal vegetables and fruits, including lemons, watermelons, and chilies. The company primarily operates as a horticulture business, specializing in open farming of various fruits and vegetables. Its farmland spans over 110 acres and is located near the villages of Ajari, Kasindra, and Kojra in Sirohi, Rajasthan.
The company primarily sells its products through a B2B model to retailers, wholesalers, retail chains, hypermarkets, and mandis. It also aims to offer its products directly to consumers through a B2C model known as Direct2home Service. As of 30 November 2023, the company had approximately 8 employees working at different levels within the organization.
The Objectives of the Issue
- Purchase of agricultural equipment & irrigation system;
- To meet Working Capital requirements, and
- General Corporate Purpose.
TGIF Agribusiness IPO Timetable
| IPO Opening date | 08 May 2024 |
| IPO Closing | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation Refund | 14 May 2024 |
| Credit to Demat Account | 14 May 2024 |
| Listing Date | 15 May 2024 |
TGIF Agribusiness IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹6.39 Cr – 687,600 shares |
| Fresh Issue | ₹6.39 Cr – 687,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹93 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 34,800 shares |
| Shareholding pre-issue | 1,900,000 |
| Shareholding post-issue | 2,587,600 |
| Listing Exchange | BSE SME |
TGIF Agribusiness IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
IPO Documents
TGIF Agribusiness IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 34,800 (5.06%) |
| Other Shares Offered | 326,400 (47.47%) |
| Retail Shares Offered | 326,400 (47.47%) |
| Total Shares Offered | 687,600 (100%) |
TGIF Agribusiness Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 | |
| Revenue | 178.61 | 202.58 | 229.69 | 170.67 |
| Expenses | 142.67 | 90.25 | 101.79 | 90.20 |
| Net income | 38.18 | 115.48 | 130.07 | 81.41 |
TGIF Agribusiness Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.01 | 6.08 | 6.85 |
| PE ratio | – | – | 13.58 |
| RONW (%) | 14.80 | 252.02 | 73.95 |
| NAV | 13.57 | 2.41 | 9.26 |
| ROCE (%) | 15.08 | 255.09 | 74.19 |
| EBITDA (%) | 27.84 | 60.67 | 59.58 |
| Debt/Equity | NA | NA | NA |
Company Promoters
- Mr. Niraj Chhaganraj Gemawat
- Ms. Rachana Niraj Gemawat
Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | 73.28% |
TGIF Agribusiness IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 3,26,400 | 3,26,400 | 6,52,800 |
| 10 May 2024 | 41.45 | 32.91 | 37.18 |
| 9 May 2024 | 2.52 | 5.96 | 4.24 |
| 8 May 2024 | 0.88 | 2.05 | 1.46 |
GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 May 2024 | 28 | – | 25,000 |
| 13 May 2024 | 30 | – | 28,000 |
| 11 May 2024 | 25 | – | 22,000 |
| 10 May 2024 | 5 | – | – |
| 9 May 2024 | 7 | – | 5,000 |
| 8 May 2024 | 10 | – | 7,000 |
TGIF Agribusiness IPO Allotment Status
TGIF Agribusiness IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Details
| Listing Date | 15 May 2024 |
| BSE Script Code | 544175 |
| NSE Symbol | – |
| ISIN | INE0SMU01015 |
| Final Issue Price | ₹93 per share |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹93.00 |
| Open | ₹150.00 |
| Low | ₹142.50 |
| High | ₹156.80 |
| Last Trade | ₹142.50 |
Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
TGIF Agribusiness Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
TGIF Agribusiness Contact Details
TGIF AGRIBUSINESS LIMITED
A/52, Fairy Society, 5th Floor, Corporate House,
Bodakdev, Ahmedabad- 380054, Gujarat
Phone: +079 49887770
E-mail: cs@tgifagribusiness.com
Website: www.tgifagri.com
TGIF Agribusiness IPO FAQs
What is the TGIF Agribusiness offer size?
TGIF Agribusiness’s offer size is ₹6.39 crores.
What is the TGIF Agribusiness offer price band?
TGIF Agribusiness’s public offer price is ₹93 per share.
What is the lot size of the TGIF Agribusiness Offer?
TGIF Agribusiness offers lot size is 1,200 shares.
What is TGIF Agribusiness IPO GMP today?
TGIF Agribusiness IPO GMP today is ₹28 per share.
What is the TGIF Agribusiness kostak rate today?
TGIF Agribusiness kostak rate today is ₹NA per application.
What is TGIF Agribusiness Subject to the Sauda rate today?
TGIF Agribusiness is Subject to the Sauda rate today is ₹25,000 per application.
Final thoughts
TGIF Agribusiness IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
