TGIF Agribusiness SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the TGIF Agribusiness IPO. Explore TGIF Agribusiness IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

Image
Status
Listed
Biding Dates
08 May - 10 May 2024
Price Range
₹ 93
Issue Size
₹ 6.39 crore
Listed Price
₹15061.29%

Overview

TGIF Agribusiness Limited, formerly known as ARV Farmpro LLP, converted into a limited company on December 27, 2023. Founded by current promoter Niraj Chhaganraj Gemawat and his wife Rachna Gemawat, specializes in horticulture, primarily focused on pomegranate farming. With over 110 acres of leased farm land in Rajasthan, the company implements quality-focused farming practices to cultivate various fruits and vegetables. Adhering to stringent quality standards and employing innovative irrigation systems, TGIF Agribusiness caters to both B2B and upcoming B2C markets, aiming for sustainable growth under experienced leadership.

Key Points:

  • Horticulture Focus: TGIF Agribusiness primarily operates in horticulture, with a focus on open farming of fruits and vegetables. Its farm land spans over 110 acres in the tehsil of Pindwara, district Sirohi, Rajasthan, leased from various entities including the promoters.
  • Main Crops: Pomegranate farming contributes to over 95% of the company's revenue. Additionally, the company cultivates dragon fruits, Sagwan trees, lemon, watermelon, and chili.
  • Farming Practices: The company implements various farming techniques to ensure quality produce, including fruit thinning, leaf vegetative growth practices, protection materials for fruits, and soil moisture measurement for efficient water application. It engages local farmers and workers for supervision and monitoring of crop quality and quantity.
  • Market Presence: TGIF Agribusiness sells its products to retailers, wholesalers, retail chain stores, hypermarkets, and mandis through a B2B model. Plans for a B2C model, Direct2home service, aim to facilitate direct delivery to local customers' homes.

IPO Docs

Objects of the Issue

  • Purchase of agricultural equipments and irrigation system
  • To meet Working Capital requirements
  • General Corporate Purpose

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates08 May - 10 May 2024
IPO Price Band₹ 93 per share
Fresh IssueUpto 6,87,600 Shares ( ₹ 6.39 crore)
Offer For SaleNIL
Total IPO Size₹ 6.39 crore
Face Value₹ 10
Listing OnBSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date08 May 2024
IPO Closing Date10 May 2024
Basis Of Allotment13 May 2024
Refunds14 May 2024
Demat Transfer14 May 2024
IPO Listing Date15 May 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Nov 2023
Total Income1.822.042.321.72
Total Expenses1.430.901.020.90
Net Profit/Loss0.381.151.300.81
NPM (*)21.3857.056.6347.70
Total Assets2.920.651.882.82
Total Liabilities0.340.200.120.92

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Nov 2023
EPS2.016.086.854.28
ROE (%)15.9976.04117.3344.50
ROCE (%)15.08255.0974.1942.95
D/E RatioNANANANA
Current Ratio3.711.8913.422.76
EBITDA MARGIN (%)27.8460.6759.5850.47

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
TGIF Agribusiness Limited 2.3213.576.8573.959.26
Raghuvansh Agrofarms Limited10.37110.744.079.1944.30
Bangalore Fort Farms Limited24.9659.920.360.1036.90

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)0
Non-Institutional Investor (NII/HNI)35.35
Retail Individual Investor (RII)32.92
Total37.13

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone
: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

  • Mr. Niraj Chhaganraj Gemawat
  • Rachana Niraj Gemawat

Lead Managers

  • HEM SECURITIES LIMITED

Company Address

TGIF Agribusiness Limited

A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad- 380054, Gujarat, India

Phone: +079 49887770

Email: cs@tgifagribusiness.com

Website: www.tgifagri.com

FAQs

  • What is the issue size of the TGIF Agribusiness SME IPO?
    The TGIF Agribusiness SME IPO has an issue size of ₹ 6.39 crore. This includes a fresh issue of Upto 6,87,600 Shares ( ₹ 6.39 crore) and an offer for sale (OFS) of NIL.
  • What is the price band of the TGIF Agribusiness IPO?
    The price band for the TGIF Agribusiness IPO is ₹ 93 per share.
  • What are the bidding dates for the TGIF Agribusiness IPO?
    The TGIF Agribusiness IPO will open for bidding on 08 May 2024 and close on 10 May 2024.
  • What is the allotment date for the TGIF Agribusiness IPO?
    The allotment date for the TGIF Agribusiness IPO is 13 May 2024.
  • What is the listing date for the TGIF Agribusiness IPO?
    The listing date for the TGIF Agribusiness IPO is 15 May 2024.
  • What is the TGIF Agribusiness IPO grey market premium?
    The grey market premium (GMP) for the TGIF Agribusiness IPO is currently at ₹70, with an expected listing gain of approximately 75.27%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

Discussion (0)