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Bidding Date
08-May-2024 to
10-May-2024
Issue Size
₹6.39 Cr
Price Band
₹93
Allotment date
13-May-2024
Listing date
15-May-2024
Lot size
1200
No. of shares
6,87,600
Fresh issue/OFS
₹6.39 Cr /--
The company, formerly known as "ARV Farmpro LLP" and "Arvee Farm Products," has a rich history dating back to February 28, 2014, when it was founded as a partnership firm. Situated in the tehsil of Pindwara, district Sirohi, Rajasthan, the company operates across 110 acres of farmland, primarily focusing on horticulture. Pomegranate cultivation constitutes more than 95% of their revenue, although they also cultivate dragon fruits and maintain Sagwan trees. Over the past three fiscal years, the company has diversified their crops to include lemon, watermelon, and chili alongside their flagship pomegranates. They employ various techniques such as fruit thinning, leaf vegetative growth practices, and soil moisture measurement to ensure the production of high-quality fruits. In terms of distribution, they primarily sell their produce to retailers, wholesalers, retail chain stores, hypermarkets, and mandis in Gujarat and Rajasthan. Additionally, they are exploring a direct-to-home service model, allowing local customers to place orders for farm-fresh produce delivered straight to their doorstep.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
35.3x
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|---|---|---|
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The issue size of TGIF Agribusiness Ltd is ₹6.39 Cr.
TGIF Agribusiness Ltd falls into Farming industry.
The TGIF Agribusiness Ltd IPO will be listed on NSE.
The open and close dates for the TGIF Agribusiness Ltd are 08-May-2024 & 10-May-2024.
The price band for the TGIF Agribusiness Ltd ipo is ₹93
The listing date of TGIF Agribusiness Ltd IPO is 15-May-2024.
The purpose of this IPO is to raise fresh capital.
TGIF Agribusiness Ltd total subscription ratio is 35.3X.
Key financial of the TGIF Agribusiness Ltd are:
| TGIF Agribusiness Ltd | FY-23 | FY-22 | FY-21 |
|---|---|---|---|
| Revenue (₹ Cr) | 2.3 | 2.03 | 1.79 |
| EBIT (₹ Cr) | 1.28 | 1.13 | 0.36 |
| Proft after Tax (₹ Cr) | 1.3 | 1.15 | 0.38 |
| Debt (₹ Cr) | 0 | 0 | 0 |
| Net Worth (₹ Cr) | 1.76 | 0.46 | 2.58 |
| RoE (%) | 73.86 | 250 | 14.73 |
