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TGIF Agribusiness IPO

Listed Listed stocks

TGIF Agribusiness IPO Details

  • Bidding Date

    08-May-2024 to
    10-May-2024

  • Issue Size

    ₹6.39 Cr

  • Price Band

    ₹93

  • Allotment date

    13-May-2024

  • Listing date

    15-May-2024

  • Lot size

    1200

  • No. of shares

    6,87,600

  • Fresh issue/OFS

    ₹6.39 Cr /--

About TGIF Agribusiness Company

The company, formerly known as "ARV Farmpro LLP" and "Arvee Farm Products," has a rich history dating back to February 28, 2014, when it was founded as a partnership firm. Situated in the tehsil of Pindwara, district Sirohi, Rajasthan, the company operates across 110 acres of farmland, primarily focusing on horticulture. Pomegranate cultivation constitutes more than 95% of their revenue, although they also cultivate dragon fruits and maintain Sagwan trees. Over the past three fiscal years, the company has diversified their crops to include lemon, watermelon, and chili alongside their flagship pomegranates. They employ various techniques such as fruit thinning, leaf vegetative growth practices, and soil moisture measurement to ensure the production of high-quality fruits. In terms of distribution, they primarily sell their produce to retailers, wholesalers, retail chain stores, hypermarkets, and mandis in Gujarat and Rajasthan. Additionally, they are exploring a direct-to-home service model, allowing local customers to place orders for farm-fresh produce delivered straight to their doorstep.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    35.3x

TGIF Agribusiness Financials

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FAQs for TGIF Agribusiness IPO.

The issue size of TGIF Agribusiness is ₹6.39 Cr.

TGIF Agribusiness falls into Farming industry.

The TGIF Agribusiness IPO will be listed on NSE.

The open and close dates for the TGIF Agribusiness are 08-May-2024 & 10-May-2024.

The price band for the TGIF Agribusiness ipo is ₹93

The listing date of TGIF Agribusiness IPO is 15-May-2024.

The purpose of this IPO is to raise fresh capital.

TGIF Agribusiness total subscription ratio is 35.3X.

Key financial of the TGIF Agribusiness are:


TGIF Agribusiness FY-24 FY-23 FY-22 FY-21
Revenue (₹ Cr) 1.53 2.3 2.03 1.79
EBIT (₹ Cr) 0.61 1.28 1.13 0.36
Proft after Tax (₹ Cr) 0.67 1.3 1.15 0.38
Debt (₹ Cr) 0 0 0 0
Net Worth (₹ Cr) 2.57 1.76 0.46 2.58
RoE (%) 26.14 73.86 250 14.73

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