TGIF Agribusiness SME IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 08 May - 10 May 2024 |
| IPO Price Band | ₹ 93 per share |
| Fresh Issue | Upto 6,87,600 Shares ( ₹ 6.39 crore) |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 6.39 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 08 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Basis Of Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Demat Transfer | 14 May 2024 |
| IPO Listing Date | 15 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Nov 2023 |
|---|---|---|---|---|
| Total Income | 1.82 | 2.04 | 2.32 | 1.72 |
| Total Expenses | 1.43 | 0.90 | 1.02 | 0.90 |
| Net Profit/Loss | 0.38 | 1.15 | 1.30 | 0.81 |
| NPM (*) | 21.38 | 57.0 | 56.63 | 47.70 |
| Total Assets | 2.92 | 0.65 | 1.88 | 2.82 |
| Total Liabilities | 0.34 | 0.20 | 0.12 | 0.92 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Nov 2023 |
|---|---|---|---|---|
| EPS | 2.01 | 6.08 | 6.85 | 4.28 |
| ROE (%) | 15.99 | 76.04 | 117.33 | 44.50 |
| ROCE (%) | 15.08 | 255.09 | 74.19 | 42.95 |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 3.71 | 1.89 | 13.42 | 2.76 |
| EBITDA MARGIN (%) | 27.84 | 60.67 | 59.58 | 50.47 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| TGIF Agribusiness Limited | 2.32 | 13.57 | 6.85 | 73.95 | 9.26 |
| Raghuvansh Agrofarms Limited | 10.37 | 110.74 | 4.07 | 9.19 | 44.30 |
| Bangalore Fort Farms Limited | 24.96 | 59.92 | 0.36 | 0.10 | 36.90 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 35.35 |
| Retail Individual Investor (RII) | 32.92 |
| Total | 37.13 |
* 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.