TGIF Agribusiness SME IPO Details, Financials, Valuation & Peers

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.