TGIF Agribusiness Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

08 May 2024

Close Date

10 May 2024

Allotment

13 May 2024

Listing Date

15 May 2024

Exchange

BSE SME

Price Band

₹93

Listing Price

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Allotment Status

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Price Band

₹93

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

6,87,600 shares (aggregating up to ₹6.39 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹111,600

1 lot

Pre-IPO Holding

19,00,000 shares

Promoters

Post-IPO Holding

25,87,600 shares

Promoters

P/E (Pre)

13.58x

P/E (Post)

19.71x

EPS (Pre)

₹6.85

EPS (Post)

₹4.72

UPI Deadline

2024-05-10

Mandate

Anchor AllotmentTue, 07 May 2024

Basis of AllotmentMon, 13 May 2024

Refund InitiationTue, 14 May 2024

Demat CreditTue, 14 May 2024

Listing DayWed, 15 May 2024

UPI Mandate Deadline2024-05-10

Sale TypeFresh Capital

Net Offer to Public6,52,800 shares (aggregating up to ₹6.07 Cr)

Market Maker Quota34,800 shares (aggregating up to ₹0.3236 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

TGIF Agribusiness Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 10 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	34,800	—	₹0.32
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	687,600	100%	₹6.39

IPO Shares Offered

TGIF Agribusiness Ltd. IPO total issue size: ₹6.39 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	34,800	₹0.32	5.06%
Total	687,600	₹6.39	100.00%

* Based on upper price band ₹93 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹93.00

Upper Band

Min Investment

₹111,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹223,200
Retail (Max — 13 Lots)	13	15,600	₹1,450,800
S-HNI (Min — 14 Lots)	14	16,800	₹1,562,400
B-HNI (Min — 68 Lots)	68	81,600	₹7,588,800

* Issue Price ₹93 × Lot Size 1,200 shares

IPO Schedule

Anchor

07 May 2024

✓ Done

IPO Open

08 May 2024

✓ Done

IPO Close

10 May 2024

✓ Done

Allotment

13 May 2024

✓ Done

Refunds

14 May 2024

✓ Done

Demat Credit

14 May 2024

✓ Done

Listing Day

15 May 2024

✓ Done

₹93.00

INR · BSE

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Issue ₹93.00 Live Price

About TGIF Agribusiness Ltd.

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.

Objects of the Issue

Purchase of agricultural equipment & irrigation system;

To meet Working Capital requirements, and

General Corporate Purpose.

TGIF Agribusiness Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹207.1

31 Mar 2022

₹232.3

31 Mar 2023

₹171.8

30 Nov 2023

Profit After Tax (PAT)

₹115.5

31 Mar 2022

₹130.1

31 Mar 2023

₹81.4

30 Nov 2023

Particulars	30 Nov 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	171.79	232.28	207.14
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	81.41	130.07	115.48
Net Worth	190.00	175.89	45.82
Total Assets	282.32	187.52	65.33
Reserves & Surplus	N/A	N/A	N/A
Borrowings	67.30	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	47.70%	—	—

P/BV Ratio

9.30

RoNW

42.85

PAT Margin

47.70%

Issue Structure & Shareholding

Total Shares Offered6,87,600 (100.00%)

Net Offer to Public6,52,800 shares (aggregating up to ₹6.07 Cr)

Reserved for Market Maker34,800 shares (aggregating up to ₹0.3236 Cr)

Pre-Issue Promoter Holding19,00,000 shares

Post-Issue Promoter Holding25,87,600 shares

P/BV Ratio9.30

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much TGIF Agribusiness Ltd. IPO subscribed? ▲

TGIF Agribusiness Ltd. IPO is subscribed 1.00 times by May 10, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is TGIF Agribusiness Ltd. IPO retail subscription status? ▼

The TGIF Agribusiness Ltd. IPO retail category is subscribed 1.00 times as of 10 May 2024. The retail portion is oversubscribed.

How to subscribe TGIF Agribusiness Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 08 May 2024 and closes 10 May 2024. Min investment: ₹111,600 (1 lot = 1,200 shares). UPI mandate: 2024-05-10.

How many times TGIF Agribusiness Ltd. IPO subscribed? ▼

The TGIF Agribusiness Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check TGIF Agribusiness Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 13 May 2024. Refunds: on 14 May 2024.

When TGIF Agribusiness Ltd. IPO will be listed? ▼

The TGIF Agribusiness Ltd. IPO listing date is 15 May 2024, Wednesday. Listed on: BSE SME. Issue price: ₹93. Estimated listing: ₹93. GMP: NIL.

When TGIF Agribusiness Ltd. IPO close? ▼

The TGIF Agribusiness Ltd. IPO closes on 10 May 2024, Friday. UPI mandate: 2024-05-10. Allotment: 13 May 2024. Listing: 15 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹93.00

Change—

Issue Price₹93.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹93

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹111,600

GMPNIL

Est. Listing₹93

Subscribed1.00x

Open Date08 May 2024

Close Date10 May 2024

Allotment13 May 2024

Listing Date15 May 2024

ExchangeBSE SME

UPI Deadline2024-05-10