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SME IPO Status: Listed [8th May 2024 to 10th May 2024]
TGIF Agribusiness IPO, a SME IPO of ₹6.39 Cr was launced on 08-05-2024 to 10-05-2024 and the shares got listed on BSE SME on 15-05-2024.
The public issue of TGIF Agribusiness IPO (544175) was offered at ₹93.00 per share and the ipo was listed at ₹150.00. It has delivered listing gain of 61.29%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 68400.00 per lot return on listing.
| SME IPO Issue Opening Date: | 8th May 2024 |
| SME IPO Issue Closing Date: | 10th May 2024 |
| SME IPO Issue Price: | ₹93.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹6.39 Cr |
| Fresh Issue: | ₹6.39 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.80% |
| Promoter Holding Post IPO: | 73.28% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544175 |
Get important updates regarding TGIF Agribusiness SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 13th May 2024 |
| Refunds Initiation* | 14th May 2024 |
| Credit of Shares to Demat* | 14th May 2024 |
| SME IPO Listing Date* | 15th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹93.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹111600 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-05-2024 | 93.00 | 70 | 63800 | ₹163 (75.27%) | 15-May-2024 10:24 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
TGIF Agribusiness Limited was established in 2023 and is involved in the open-field cultivation of specific fruits and vegetables. Its farmlands span over an area of more than 110 hectares and are situated near three villages: Ajari, Kasindra, and Kojra, all in Tehsil Pindwara, District Sirohi, Rajasthan. We have acquired our agricultural land on a leasehold basis from Niraj Chhaganraj Gemawat (Promoter), Rachna Gemawat (Promoter), Niraj Chhaganraj Gemawat HUF, and Vipin Moharir.
The company is mainly engaged in the cultivation of pomegranates, which account for more than 95% of our farm income. Apart from growing pomegranates, they also grow dragon fruit and sagwan trees.
They currently sell the majority of our produce to retailers, wholesalers, retail chains, hypermarkets and mandis. Under the B2B model, all these customers visit the farms to evaluate the farm and produce and based on price negotiations, prices are fixed with the customers. There are also plans to sell our products under our B2C model, called Direct2home service, where local customers can place an order and the products are picked up from the farm, packaged and delivered directly to the customer's home.
| Incorporation | Sector | IPO Issue Size | Website |
| 2023 | Other Agricultural Products | ₹6.39 Cr | http://www.tgifagri.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 326,400 (50%) | 326,400 (50%) | 652,800 | |
| 1 | 8th May 2024 19:04 | 0.88x | 2.05x | 1.46x |
| 2 | 9th May 2024 19:04 | 2.41x | 5.90x | 4.15x |
| 3 | 10th May 2024 18:21 | 35.35x | 32.92x | 37.13x |
TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 282.32 | 187.52 | 65.33 | 291.62 |
| Revenue | 171.79 | 232.28 | 207.14 | 181.59 |
| Profit After Tax | 81.41 | 130.07 | 115.48 | 38.18 |
| Net Worth | 190.00 | 175.89 | 45.82 | 257.91 |
| Total Borrowing | 67.30 | |||
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| TGIF Agribusiness Limited | 6.85 | 6.85 | 13.57 | 73.95 | ||
| Raghuvansh Agrofarms Ltd | 4.07 | 4.07 | 110.74 | 9.19 | ||
| Bangalore Fort Farms Ltd | 0.36 | 0.36 | 59.92 | 0.1 |
Last Updated on 17-May-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase TGIF Agribusiness SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply TGIF Agribusiness SME IPO with Zerodha.
Alternate approch to apply in TGIF Agribusiness SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
TGIF Agribusiness SME IPO Review and Important Updates
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To subscribe or apply in TGIF Agribusiness SME IPO, you can use the following methods:
| TGIF Agribusiness SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in TGIF Agribusiness SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in TGIF Agribusiness SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in TGIF Agribusiness SME IPO. Most of the Syndicate Banks provide access to apply in TGIF Agribusiness IPO via ASBA process. You must have your net banking access, DP ID information to apply in TGIF Agribusiness SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in TGIF Agribusiness SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
TGIF Agribusiness SME IPO Review and Important Updates
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TGIF Agribusiness SME IPO is going to be list on 15-05-2024. BSE Code for TGIF Agribusiness is 544175.
Other relevant questions:
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TGIF Agribusiness SME IPO Allotment Date is 13-05-2024.
Other relevant questions:
TGIF Agribusiness SME IPO share allotment date?TGIF Agribusiness SME IPO allotment date?
