TGIF Agribusiness Ltd IPO
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TGIF Agribusiness Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
6.88 L | TBA | 3.26 L | 18.56 L | BSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
08 May, 24 | 10 May, 24 | 1200 | TBA | Fixed Price - SME | 15 May, 24 |
TGIF Agribusiness Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Miscellaneous |
Sub Sector | NA |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 1958400 |
NII | 35.45x | 326400 | 11571600 |
Retail | 32.92x | 326400 | 10744800 |
Employee | 0x | 0 | 0 |
Total | 35.3x | 687600 | 24274800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
TGIF Agribusiness Ltd Financial Status
Income Statement
Balance Sheet
About TGIF Agribusiness Ltd
TGIF Agribusiness Limited was originally formed as a partnership firm in the name and style of Aarvee Farm Products pursuant to a deed of partnership dated February 28, 2014, registered as on March 06, 2014 vide Registration certificate issued by Registrar of Firms, Ahmedabad City, Ahmedabad having Registered No. GUJ/AMS/40021 under the provisions of the Indian Partnership Act, 1932. Subsequently, the partnership firm was converted into the Limited Liability Partnership pursuant to a certificate of registration of conversion of Aarvee Farm Products to ARV Farmpro LLP dated April 23, 2019 issued by the Ministry of Corporate Affairs, Central Registration Centre vide LLP Identification Number AAP-0011. Further, name of the LLP was changed from ARV Farmpro LLP to TGIF Agribusiness LLP and a fresh Certificate pursuant to name change was issued by the Ministry of Corporate Affairs, Central Registration Centre dated April 27, 2023. Consequently, the Company was converted from LLP to Public Company TGIF Agribusiness LLP to TGIF Agribusiness Limited vide a fresh certificate of incorporation dated December 27, 2023 issued by the Ministry of Corporate Affairs, Central Registration Centre bearing CIN: U01132GJ2023PLC147235.
India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for ~55% of India's population. India has the world's largest cattle herd (buffaloes), the largest area planted for wheat, rice, and cotton, and is the largest producer of milk, pulses, and spices in the world. It is the second-largest producer of fruit, vegetables, tea, farmed fish, cotton, sugarcane, wheat, rice, cotton, and sugar. The agriculture sector in India holds the record for second-largest agricultural land in the world generating employment for about half of the country's population. Thus, farmers become an integral part of the sector to provide us with a means of sustenance.
Peer Comparison:
- Raghuvansh Agrofarms Ltd
- Bangalore Fort Farms Ltd
TGIF Agribusiness Ltd IPO Key Points
Strengths
- Product selection and quality control.
- Diversified product range.
- Experienced management and operational team.
Risk
- The company has been recently formed by conversion of the erstwhile LLP into the company, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
- Excessive dependence on single or limited number of products may have an adverse effect on its operation and result of operations.
- Unfavorable weather patterns may have an adverse effect on its business, results of operations and financial condition.
Strategy
- Expand its domestic presence in existing and new markets.
- Expanding its B2C business model.
- Continue to invest in infrastructure facilities.
- Maintaining cordial relationship with Farmers, Suppliers, Customer and employees.
- Product selection and quality control.
- Diversified product range.
- Experienced management and operational team.
How To Apply for TGIF Agribusiness Ltd Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.