← IPO Calendar

TGIF Agribusiness IPO IPO

Mainline8 May 202410 May 2024
Open
8 May 2024
Close
10 May 2024
3
Allotment
Listing
Wed, May 15, 2024
Price Band
₹93 per share
Issue Size
6,87,600 shares (agg. up to ₹6 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, May 15, 2024
Latest GMP
₹70
Est. Gain
75.27%
✦ AI Insight

GMP Trend

15-05-202470Est. ₹163+75.27%
14-05-202470Est. ₹163+75.27%
13-05-202430Est. ₹123+32.26%

Live Subscription

CategorySubscription (times)
Total37.77x

Restated Financials (₹ Cr.)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Vishwas Agri Seeds Ltd.SME₹25.80 Cr₹865.06₹83.60-2.79%₹48.00 (-4.48%)
Harshdeep Hortico Ltd.SME₹19.09 Cr₹450₹66.50+47.78%₹81.55 (+0.55%)
Sameera Agro & Infra Ltd.SME₹62.64 Cr₹18015.11₹171.00-5.00%₹5.05 (-1.94%)
Sheetal Universal Ltd.SME₹23.80 Cr₹7027.34₹75.40+7.71%₹293.75 (-0.76%)
City Crops Agro Ltd.SME₹15.00 Cr₹2522.03₹25.42+1.68%₹26.73 (+4.99%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Purchase of agricultural equipments & irrigation system2.06
2To meet Working Capital requirements2.27
3General Corporate Purpose1.54

About TGIF Agribusiness IPO

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.+ Read More

Contact Details

TGIF Agribusiness Ltd. AddressA/52, Fairy Society, 5th FloorCorporate House, BodakdevAhmedabad, Gujarat, 380054+079 49887770cs@tgifagribusiness.comVisit Website