TGIF Agribusiness Ltd

TGIF Agribusiness Limited is primarily a horticulture company engaged in open farming of certain fruits and vegetables. Its farm land is spread over an area of over 110 acres and is situated in the vicinity of three villages i.e. Ajari, Kasindra and Kojra, all of which are located in the tehsil of Pindwara, district Sirohi, Rajasthan. The Company has obtained all its farm lands on lease basis from Niraj Chhaganraj Gemawat, Rachna Gemawat, Niraj Chhaganraj Gemawat HUF and Vipin Moharir vide a lease deed dated April 01, 2023.

Open Demat Account

50years

TGIF Agribusiness Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
6.88 LTBA3.26 L18.56 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
08 May, 2410 May, 241200 TBA Fixed Price - SME15 May, 24

TGIF Agribusiness Ltd IPO Details

TGIF Agribusiness Ltd IPO Dates

  • 08 May 2024

    Opening date

  • 10 May 2024

    Closing date

  • 13 May 2024

    Basis of
    Allotment

  • 14 May 2024

    Initiation of
    Refunds

  • 14 May 2024

    Credit of
    Shares

  • 15 May 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

TGIF Agribusiness Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operationsTBATBATBA
EBITDATBATBATBA
PATTBATBATBA
Total AssetsTBATBATBA
Share CapitalTBATBATBA
Total BorrowingsTBATBATBA
Operating Activities (Net Cash)TBATBATBA
Investing Activities (Net Cash)TBATBATBA
Financing Activities (Net Cash)TBATBATBA
Net CashflowTBATBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

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:

  • TGIF Agribusiness Ltd
  • 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.

TGIF Agribusiness Ltd IPO Key Points

  • Product selection and quality control.
  • Diversified product range.
  • Experienced management and operational team.
  • 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.
  • 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.

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.

Get your FAQs right

TGIF Agribusiness Ltd's IPO offers shares for up to ₹ 0 L It begins on May 8, 2024 and ends on May 10, 2024.

The price of TGIF Agribusiness Ltd IPO ranges between ₹0 to ₹0 per share.

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

The allotment for the TGIF Agribusiness Ltd IPO will be finalised on May 13, 2024. The shares will be listed on BSE and NSE on May 15, 2024.

The minimum lot size for TGIF Agribusiness Ltd IPO is 1200 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of TGIF Agribusiness Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of TGIF Agribusiness Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The TGIF Agribusiness Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 8, 2024, and closes on May 10, 2024. The allotment is finalised on May 13, 2024.

To apply for the TGIF Agribusiness Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.