What you must know about TGIF Agribusiness IPO?
by 5paisa Research Team
07 May 2024
TGIF IPO Details
- Open Date 08-May-24
- Close Date 10-May-24
- Lot Size 1200
- IPO Size ₹ 6.39 Cr
- IPO Price Range ₹ 93
- Min Investment ₹ 1,11,600
- Listing Exchange BSE SME
- Basis of Allotment 13-May-24
- Refunds 14-May-24
- Credit to Demat Account 14-May-24
- Listing Date 15-May-24
TGIF Agribusiness IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 08-May-24 | - | 0.88 | 2.05 | 1.46 |
| 09-May-24 | - | 2.41 | 5.90 | 4.15 |
| 10-May-24 | - | 35.35 | 32.92 | 37.13 |
TGIF IPO Synopsis
Last Updated: 10th May, 2024 by 5paisa
TGIF Agribusiness IPO is all set to open from 8th May to 10th May 2024. It is a horticulture company. The IPO includes a fresh issue of 687,600 shares worth ₹6.39 cr. The share allotment date is 13th May 2024, and the IPO will be listed on 15th May 2024 on the stock exchanges. The price band is ₹93 and the lot size is 1200 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of TGIF Agribusiness IPO
TGIF Agribusiness Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of agricultural equipment & irrigation systems.
● To fund the capital capital requirements.
● General Corporate Purposes.
About TGIF Agribusiness
Established in 2014, TGIF Agribusiness is a horticulture company that undertakes open farming for vegetables and fruits. The farm is based on 110 acres in Sirohi, Rajasthan in three villages namely Ajari, Kasindra and Kojra of Pindwara Pindwara.
95% of revenue from operations is from pomegranate farming. Apart from that, the company also farms and cultivates Sagwan trees, dragon fruits, lemon, watermelon, and chilly. TGIF Agribusiness sells its crop via retailers, wholesalers, retail chain stores, hypermarkets and mandi.
Peer Comparison
● Raghuvansh Agrofarms Limited
● Bangalore Fort Farms Limited
For More Information:
Webstory on TGIF Agribusiness IPO
TGIF Agribusiness Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2.29 | 2.02 | 1.78 |
| EBITDA | 1.36 | 1.22 | 0.49 |
| PAT | 1.30 | 1.15 | 0.38 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1.87 | 0.65 | 2.91 |
| Share Capital | 1.75 | 0.46 | 2.57 |
| Total Borrowings | 0.12 | 0.19 | 0.33 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.32 | 1.06 | 0.85 |
| Net cash from / (used in) investing activities | -0.88 | 1.91 | -0.59 |
| Net cash flow from / (used in) financing activities | - | -3.27 | - |
| Net increase (decrease) in cash and cash equivalents | 0.44 | -0.30 | 0.26 |
TGIF IPO Key Points
-
Strengths
1. The company has efficiency in product selection and quality control.
2. It has diversified product offerings.
3. Experienced Promoters and management team.
-
Risks
1. Unfavorable weather patterns may impact the company.
2. The business is subject to seasonal variations.
3. It has reported negative cash flows in the past.
4. Outbreaks of any plant or crop diseases can impact the business greatly.
5. The business operation is concentrated in Rajasthan.
6. 95% of revenue is dependent on a single crop.
7. High working capital requirements.
TGIF
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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TGIF IPO FAQs
When does TGIF Agribusiness IPO opens and closes?
TGIF Agribusiness IPO opens from 8th May to 10th May 2024.
What is the size of TGIF Agribusiness IPO?
The size of TGIF Agribusiness IPO is ₹6.39 cr.
How to apply for TGIF Agribusiness IPO?
To apply for TGIF Agribusiness IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for TGIF Agribusiness IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of TGIF Agribusiness IPO?
The price band of TGIF Agribusiness IPO is fixed at ₹93 per share.
What is the minimum lot size and investment required for TGIF Agribusiness IPO?
The minimum lot size of TGIF Agribusiness IPO is 1200 shares and the investment required is ₹1,11,600.
What is the allotment date of TGIF Agribusiness IPO?
The share allotment date of TGIF Agribusiness IPO is 13th May 2024.
What is TGIF Agribusiness IPO listing date?
The TGIF Agribusiness IPO will be listed on 15th May 2024.
Who are the book runners for TGIF Agribusiness IPO?
Hem Securities Limited is the book-running lead manager for TGIF Agribusiness IPO.
What is the objective of TGIF Agribusiness IPO?
TGIF Agribusiness Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of agricultural equipment & irrigation systems.
● To fund the capital capital requirements.
● General Corporate Purposes.
Contact Details of TGIF Agribusiness IPO
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 Register
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
Hem Securities Limited
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