
✓
Open
8 May 2024
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Close
10 May 2024
3
Allotment
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Listing
Wed, May 15, 2024
Price Band
₹93 per share
Issue Size
6,87,600 shares (agg. up to ₹6 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, May 15, 2024
Latest GMP
₹70
Est. Gain
75.27%
✦ AI Insight
GMP Trend
15-05-2024₹70Est. ₹163+75.27%
14-05-2024₹70Est. ₹163+75.27%
13-05-2024₹30Est. ₹123+32.26%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 37.77x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vishwas Agri Seeds Ltd. | SME | ₹25.80 Cr | ₹86 | 5.06 | ₹83.60 | -2.79% | ₹48.00 (-4.48%) |
| Harshdeep Hortico Ltd. | SME | ₹19.09 Cr | ₹45 | 0 | ₹66.50 | +47.78% | ₹81.55 (+0.55%) |
| Sameera Agro & Infra Ltd. | SME | ₹62.64 Cr | ₹180 | 15.11 | ₹171.00 | -5.00% | ₹5.05 (-1.94%) |
| Sheetal Universal Ltd. | SME | ₹23.80 Cr | ₹70 | 27.34 | ₹75.40 | +7.71% | ₹293.75 (-0.76%) |
| City Crops Agro Ltd. | SME | ₹15.00 Cr | ₹25 | 22.03 | ₹25.42 | +1.68% | ₹26.73 (+4.99%) |
Objects of the Issue
| # | 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 |
About TGIF Agribusiness IPO
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.+ Read More
Contact Details
TGIF Agribusiness Ltd. AddressA/52, Fairy Society, 5th FloorCorporate House, BodakdevAhmedabad, Gujarat, 380054+079 49887770cs@tgifagribusiness.comVisit Website