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TGIF Agribusiness Limited IPO (TGIF Agribusiness IPO) Detail

May 8, 2024 - May 10, 2024

TGIF Agribusiness IPO is a fixed price issue of Rs 6.39 crores. The issue is entirely a fresh issue of 6.88 lakh shares.

TGIF Agribusiness IPO bidding started from May 8, 2024 and ended on May 10, 2024. The allotment for TGIF Agribusiness IPO was finalized on Monday, May 13, 2024. The shares got listed on BSE SME on May 15, 2024.

TGIF Agribusiness IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.

Hem Securities Limited is the book running lead manager of the TGIF Agribusiness IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for TGIF Agribusiness IPO is Hem Finlease.

Refer to TGIF Agribusiness IPO RHP for detailed information.

TGIF Agribusiness IPO Details

IPO Date May 8, 2024 to May 10, 2024
Listing Date May 15, 2024
Face Value ₹10 per share
Price ₹93 per share
Lot Size 1200 Shares
Total Issue Size687,600 shares
(aggregating up to ₹6.39 Cr)
Fresh Issue687,600 shares
(aggregating up to ₹6.39 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue1,900,000
Share holding post issue2,587,600
Market Maker portion34,800 shares
Hem Finlease

TGIF Agribusiness IPO Reservation

TGIF Agribusiness IPO offers 687,600 shares. 326,400 (47.47%) to NII, 326,400 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered34,800 (5.06%)
Other Shares Offered326,400 (47.47%)
Retail Shares Offered326,400 (47.47%)
Total Shares Offered687,600 (100%)

TGIF Agribusiness IPO Timeline (Tentative Schedule)

TGIF Agribusiness IPO opens on May 8, 2024, and closes on May 10, 2024.

IPO Open Date Wednesday, May 8, 2024
IPO Close Date Friday, May 10, 2024
Basis of Allotment Monday, May 13, 2024
Initiation of Refunds Tuesday, May 14, 2024
Credit of Shares to Demat Tuesday, May 14, 2024
Listing Date Wednesday, May 15, 2024
Cut-off time for UPI mandate confirmation 5 PM on May 10, 2024

TGIF Agribusiness IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹111,600
Retail (Max) 1 1200 ₹111,600
HNI (Min) 2 2,400 ₹223,200
Lot Size Calculator

TGIF Agribusiness IPO Promoter Holding

Mr. Niraj Chhaganraj Gemawat and Ms. Rachana Niraj Gemawat are the company's promoters.

Share Holding Pre Issue 99.80%
Share Holding Post Issue 73.28%

About TGIF Agribusiness Limited

Founded in 2014, 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 Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets282.32187.5265.33291.62
Revenue171.79232.28207.14181.59
Profit After Tax81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91
Total Borrowing67.30
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of TGIF Agribusiness IPO is Rs 24.06 Cr.

KPI as of November 30, 2024.

KPI Values
RoNW42.85
P/BV9.3
PAT Margin (%)47.7
Pre IPO Post IPO
EPS (Rs) 6.854.72
P/E (x) 13.5819.71
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.

Objects of the Issue (TGIF Agribusiness IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. Purchase of agricultural equipment & irrigation system;
  2. To meet Working Capital requirements, and
  3. General Corporate Purpose.

TGIF Agribusiness IPO Review (May apply)

[Dilip Davda]  This horticulture company is engaged in farming of certain fruits and vegetables. It posted minuscule top lines with an average 53% net earnings, which is very surprising and raise concern over its sustainability going forward. Based on FY24 annualized super earnings, the issue appears fully priced. Tiny post-IPO equity capital indicates longer gestation for migration. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...


TGIF Agribusiness IPO Subscription Status (Bidding Detail)

The TGIF Agribusiness IPO is subscribed 37.13 times on May 10, 2024 6:19:06 PM. The public issue subscribed 32.92 times in the retail category, times in the QIB category, and 35.35 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other35.35
Retail32.92
Total37.13

Total Application : 10,906 (9.09 times)

TGIF Agribusiness IPO Prospectus

TGIF Agribusiness IPO Rating

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Rating:Rated 0.0 stars
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TGIF Agribusiness IPO Listing Details

Listing Date May 15, 2024
BSE Script Code 544175
NSE Symbol
ISIN INE0SMU01015
Final Issue Price ₹93 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹93.00
₹150.00
₹142.50
₹156.80
₹142.50

Check IPO Performance…

TGIF Agribusiness Limited Contact Details

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 - Buy or Not

TGIF Agribusiness IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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TGIF Agribusiness IPO FAQs

TGIF Agribusiness IPO is a SME IPO of 687,600 equity shares of the face value of ₹10 aggregating up to ₹6.39 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200 Shares.

The IPO opens on May 8, 2024, and closes on May 10, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in TGIF Agribusiness IPO using UPI as a payment gateway. Zerodha customers can apply in TGIF Agribusiness IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in TGIF Agribusiness IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'TGIF Agribusiness IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The TGIF Agribusiness IPO opens on May 8, 2024 and closes on May 10, 2024.

TGIF Agribusiness IPO lot size is 1200 Shares, and the minimum amount required is ₹111,600.

You can apply in TGIF Agribusiness IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for TGIF Agribusiness IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024. Check the TGIF Agribusiness IPO allotment status.

The TGIF Agribusiness IPO listing date is on May 15, 2024.
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TGIF Agribusiness IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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66 Comments

37. Nimesh.J |   Link |  Bookmark |May 28, 2024 3:37:49 PM
Hello Members,
Few pointers regarding TGIF.
1. 30th May Financial Result is expected to be declared.
2. MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED Sold 37200 of holding at a lower rate leading to a loss of 19.7 lac. But at the same time, they buy 88800 shares worth ~84lac. Can someone guide me why would someone do this? To create selling pressure and to absorb major shares at a lower rate?

36. Mskreddy |   Link |  Bookmark |May 22, 2024 6:26:19 PM
Daily one lot only trading. What is the reason?
35. Mukesh Pandya |   Link |  Bookmark |May 21, 2024 1:25:15 PM
Lower Cricut for last 4 days. Don't know when it will open !!!!
35.1. Nimesh.J |   Link |  Bookmark |May 22, 2024 11:59:56 AM
Even today its LC, it has 3 more LCs to reach at the IPO price.
Maybe this week we can see some positive movement.
But I am waiting for FY24 Results, having a gut feeling this will jump even stronger because of its small size.
35.2. SAMJO HO HI GAYA |   Link |  Bookmark |May 22, 2024 6:10:10 PM
seems more LC coming if it reach to below IPO price then it will create problem.
34. Sanchit Jain |   Link |  Bookmark |May 15, 2024 10:38:39 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Strong UC coming, dont sell in pre-open..
34.2. Sanchit Jain |   Link |  Bookmark |May 15, 2024 11:06:24 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Gone wrong by not selling in pre open, HEM sometimes does this trick by putting large buy order and then disappearing.. But nonetheless still a gud listing and enough liquidity to suck out the selling pressure..
34.3. Nimesh.J |   Link |  Bookmark |May 15, 2024 11:10:53 AM
Feels like now it will be accumulated by big players
33. StarSon |   Link |  Bookmark |May 14, 2024 6:18:00 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
GMP - 65% 🔥🔥🔥
33.1. Nimesh.J |   Link |  Bookmark |May 15, 2024 11:11:29 AM
Very accurate :)
32. Nimesh.J |   Link |  Bookmark |May 14, 2024 3:13:58 PM
1/1 Retail Indegene
0/1 Retail TBO
1/1 Retail Aadhar
1/1 Retail TGIF
0/1 HNI Silkflex
31. Mskreddy |   Link |  Bookmark |May 14, 2024 9:32:40 AM
Allotted 1 lot
30. rohiitian |   Link |  Bookmark |May 14, 2024 7:46:08 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
No luck from single 5 lot app
29. ARJUN'S EYE |   Link |  Bookmark |May 14, 2024 12:49:25 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Buyer 41/-
28. VIPVIP |   Link |  Bookmark |May 13, 2024 11:56:48 PM (300+ Posts)
Big Fraud... Big 0...
20/1/1/1/1... Only 0...
Big Fixer never allotted...
27. Rohan Bajaj |   Link |  Bookmark |May 13, 2024 9:38:10 PM (500+ Posts)
Not alloted in 20 lots application
27.1. ultrasnow |   Link |  Bookmark |May 13, 2024 9:48:03 PM
@Rohan Bajaj Sorry bro hard luck, allotted here in similar 20 lot application
27.2. Rohan Bajaj |   Link |  Bookmark |May 15, 2024 9:53:35 AM (500+ Posts)
As per BOA, 7/10 alloted. Unluckily, I was among that 3
26. Anshujii |   Link |  Bookmark |May 13, 2024 9:17:21 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Not allotted 0/3 3 lot hni and 0/2 retail
25. Always Be Positive Karma will decide |   Link |  Bookmark |May 13, 2024 9:03:54 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
1 lot alloted
24. ultrasnow |   Link |  Bookmark |May 13, 2024 9:03:23 PM
Allotted in hni
23. IPOGainers |   Link |  Bookmark |May 12, 2024 5:23:31 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Should be giving good listing gains...
22. Not Smart |   Link |  Bookmark |May 11, 2024 10:04:04 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Applied 2 Retail finally
21. Barbarik |   Link |  Bookmark |May 10, 2024 8:16:09 PM
Applied
20. Palka |   Link |  Bookmark |May 10, 2024 4:55:06 PM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
Applied single application of 15 lots.
20.4. IPONEED |   Link |  Bookmark |May 11, 2024 11:47:46 AM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
@Palka  hope you got minimum 2 lot if luck with you ,90% listing gain on radar
20.5. IPOGainers |   Link |  Bookmark |May 11, 2024 1:16:53 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Palka It will be in lottery with probability of 1/2 approx. And if lucky will get a single lot.
19. Sanchit Jain |   Link |  Bookmark |May 10, 2024 1:41:16 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@rohiitian  @GrayIsTheNewBlack , need your help in this one.
19.1. GrayIsTheNewBlack |   Link |  Bookmark |May 10, 2024 5:47:48 PM
IPO Guru IPO Guru (2700+ Posts, 1800+ Likes)
@Sanchit Jain apologies for not responding early, was little busy.
I was only able to apply 2 retail applications after allocating funds for other ongoing IPOs.
If you have applied here and get allotted, nothing to worry it will not list in discount.
Infact may surprise positively on the upside.
18. IPONEED |   Link |  Bookmark |May 10, 2024 4:32:42 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
ye bhi nhi milega ab easily