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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹6.39 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹6.39 Cr |
| Fresh Issue | ₹6.07 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹93.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544175 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of agricultural equipments & irrigation system | 2.06 |
| 2 | To meet Working Capital requirements | 2.27 |
| 3 | General Corporate Purpose | 1.54 |
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 2.82 | 1.88 | 0.65 | 2.92 |
| Total Income | 1.72 | 2.32 | 2.07 | 1.82 |
| Profit After Tax | 0.81 | 1.30 | 1.15 | 0.38 |
| NET Worth | 1.90 | 1.76 | 0.46 | 2.58 |
| Total Borrowing | 0.67 | |||
| Amount in ₹ Crore | ||||
| KPI | Nov 30, 2024 |
|---|---|
| RoNW | 42.85% |
| PAT Margin | 47.70% |
| Price to Book Value | 9.30 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.85 | 4.72 |
| P/E (x) | 13.58 | 19.71 |
| Promoter Holding | 99.8% | 73.28% |
| Market Cap | ₹24.06 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.24 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 0.19 |
Last Updated on 23-Jul-2026 15:21:50
