TGIF Agribusiness Limited IPO
- IPO Date08 May, 2024 to 10 May, 2024
- Listing Date15 May, 2024
- Face Value₹10 per share
- Issue Price₹93 to ₹93 per share
- Lot Size1200 Shares
- Minimum Investment₹1,11,600
- Listing AtBSE SME
- Total Issue Size6,87,600 Shares
(aggregating up to ₹6.39 Cr) - Fresh Issue6,87,600 Shares
(aggregating up to ₹6.39 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue19,00,000
- Shareholding post issue25,87,600
IPO Dates
Closing Date
10 May, 2024
Initiation of Refunds
14 May, 2024
Listing Date
15 May, 2024
08 May, 2024
Opening Date
13 May, 2024
Basis of Allotment
14 May, 2024
Credit of Shares
TGIF Agribusiness Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 2400 | ₹2,23,200 |
| Retail (Min) | 1 | 1200 | ₹1,11,600 |
| Retail (Max) | 1 | 1200 | ₹1,11,600 |
TGIF Agribusiness Limited Promoter Holding
Mr. Niraj Chhaganraj Gemawat and Ms. Rachana Niraj Gemawat are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.8% | 73.28% |
TGIF Agribusiness Limited COMPANY INFORMATION
TGIF Agribusiness IPO is a fixed price issue of Rs 6.39 crores. The issue is entirely a fresh issue of 6.88 lakh shares. TGIF Agribusiness IPO bidding opened for subscription on May 8, 2024 and will close on May 10, 2024. The allotment for the TGIF Agribusiness IPO is expected to be finalized on Monday, May 13, 2024. TGIF Agribusiness IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 15, 2024. TGIF Agribusiness IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200. Hem Securities Limited is the book running lead manager of the TGIF Agribusiness IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for TGIF Agribusiness IPO is Hem Finlease. Refer to TGIF Agribusiness IPO RHP for detailed information.
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.
FAQs About Tgif Agribusiness Limited Ipo
TGIF Agribusiness Limited IPO will open on 08 May, 2024 and close on 10 May, 2024. Investors must apply within this period to participate.
The TGIF Agribusiness Limited IPO price band is set between ₹93.00 and ₹93.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹111600.00.
The TGIF Agribusiness Limited IPO shares are expected to be listed on 15 May, 2024, subject to regulatory approvals and final allotment.
You can track your TGIF Agribusiness Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The TGIF Agribusiness Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.