TGIF Agribusiness IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: When will TGIF Agribusiness Ltd's IPO open for subscription?

The IPO subscription window is not announced yet .

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is yet to be announced .

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

About TGIF Agribusiness Ltd

They are primarily a horticulture company engaged in open farming of certain fruits and vegetables. Their farmland is spread over an area of over 110 acres and is situated in the vicinity of three villages i.e. Ajari, Kasindra and Kojra, all of which are located in the tehsil of Pindwara, district Sirohi, Rajasthan.

The company is mainly engaged in the farming of pomegranate, which contributes to more than 95% of their revenue from operations. Apart from the farming of pomegranates, they are also engaged in the farming and cultivation of dragon fruits and Sagwan trees. In the last three financial years, i.e. F.Y. 2020-21, 2021-22, and 2022-23, apart from pomegranate, which has remained their main crop, they have also gown and harvested lemon, water melon and chilly.

The Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. With such a large market, organised players like TGIF Agribusiness can go for high revenue targets in the coming years.

TGIF Agribusiness Ltd IPO Details

TGIF Agribusiness Ltd IPO Dates

The dates for bidding for the TGIF Agribusiness IPO are yet to be announced.

TGIF Agribusiness Ltd IPO Price Band

TGIF Agribusiness is a fixed price IPO. The exact price is yet to be announced.

TGIF Agribusiness Ltd IPO Lot Size

The TGIF Agribusiness Ltd IPO lot size is not announced yet.

TGIF Agribusiness Ltd IPO Objectives

The proceeds from the fresh issue will be used for:

Repayment/prepayment of all or certain of their borrowings
Funding incremental working capital requirements
General corporate purposes

Peer Details

The following are the listed peer companies of TGIF Agribusiness in India:

Raghuvansh Agrofarms Limited
Bangalore Fort Farms Limited

How To Check the Allotment Status of the TGIF Agribusiness Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of TGIF Agribusiness Ltd

Registered office: A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad- 380054, Gujarat, India

Phone: +079 26852554/55/56

E-mail: cs@tgifagribusiness.com

IPO Financials

Particulars	Year Ending on March 31, 2023 (₹ lakhs)	Year Ending on March 31, 2022 (₹ lakhs)	Year Ending on March 31, 2021 (₹ lakhs)
Total Income	232.28	207.14	181.59
Profit (Loss) for the Year	130.07	115.48	38.18
Current Ratio	13.42	1.89	3.71
Return on Capital Employed	74.19%	255.09%	15.08%

Know before investing

Strengths

They employ quality control mechanism starting from the plantation to the harvest stage and packaging of the product to ensure the produce are free from contamination and provide greater freshness to the farm produce. They have implemented internal procedures to ensure quality control at various stages of production.
To expand their business, they intend to aggressively penetrate in the domestic markets and expand our domestic market presence by expanding their sales network. To augment their efforts in increasing sales of products, they intend to deploy additional sales and marketing representatives.

Risks

Excessive dependence on a single product, like pomegranates, may have an adverse effect on their operation and result of operations. Any change in the consumer's taste or preference may have an adverse effect on their business operations.
Any improper handling, processing or storage of finished products, or spoilage of and damage to, or any real or perceived contamination in the products, could subject the company to regulatory and legal action, damage their reputation and have an adverse effect on their business, results of operations and financial condition.