TGIF Agribusiness Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹93 - ₹93
- Lot size
- 1,200 shares
- Issue amount
- ₹6.39 cr
- Total subscription
- 37.19×
- Opens
- 8 May 2024
- Closes
- 10 May 2024
- Allotment
- 13 May 2024
- Listing
- 15 May 2024
Offer at a glance
Issue overview
- Issue size
- 6,87,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹6.39 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,11,600
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 19,00,000
- Shares after issue
- 25,87,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,11,600 |
| HNI | 2 | 2,400 | ₹2,23,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 3.04 | 99.93 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.28 | 6.85 | 6.08 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 42.85 | 73.95 | 252.02 |
| PRE IPO(PE) | 9.3 | 0 | 0 |
| POST IPO(PE) | 13.58 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
TGIF Agribusiness Limited, formerly known as ARV Farmpro LLP, has been cultivating a variety of fruits and vegetables since 2014. Operating across 110 acres of leased farmland in Rajasthan’s Ajari, Kasindra, and Kojra regions, the company specializes in pomegranates, dragon fruit, and timber plantations, along with seasonal crops like lemons, watermelons, and chilies. It primarily follows a B2B model, supplying retailers, wholesalers, hypermarkets, and mandis. Expanding its reach, TGIF Agribusiness is set to launch its Direct2home Service, a B2C initiative for direct customer engagement. With a small but dedicated team of eight as of November 30, 2023, the company continues to blend traditional farming with modern distribution strategies to deliver high-quality produce.
Strengths
- Premium Products and Quality Assurance: TGIF Agribusiness carefully selects top-quality products and follows strict quality control measures. This commitment ensures happy customers and strengthens the company’s reputation.
- Wide Range of Products: From pomegranates and dragon fruit to timber plantations and seasonal fruits and vegetables, TGIF Agribusiness offers a diverse selection. This variety helps reduce risks and allows the company to serve different market needs.
- Experienced Team: With a skilled management and operations team, TGIF Agribusiness benefits from years of industry knowledge. Their expertise helps the company make smart decisions, overcome challenges, and seize new opportunities.
Risk factors
- Impact of Weather: TGIF Agribusiness depends on stable weather conditions, but unexpected changes can affect crop yields and harvests. This may lead to supply chain disruptions, financial losses, and challenges in maintaining smooth business operations.
- Seasonal Challenges: The company experiences seasonal shifts in demand, which can impact revenue and profitability. Managing resources and inventory wisely is essential to balancing these fluctuations and ensuring steady operations.
- Cash Flow Concerns: Past instances of negative cash flow highlight financial challenges. If this trend continues, it could affect the company’s ability to manage expenses, invest in growth, and meet financial commitments.
Promoters
Mr. Niraj Chhaganraj Gemawat
Ms. Rachana Niraj Gemawat
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad - 380054
+079 49887770
[email protected]Company website ↗Understanding TGIF IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.