TGIF Agribusiness Limited

Company Name	TGIF Agribusiness Limited
Open Date	08-05-2024
Close Date	10-05-2024
Exchange	BSE SME
Lot Size	1200 Shares
Issue Price	₹93 per share
Issue Size	6,87,600 shares
Application Amount	₹1,11,600
Recommendation	Avoid

TGIF Agribusiness, was incorporated in an LLP in 2014. It is a horticulture company that focuses on open farming of Fruits and Vegetables. TGIF’s Star product is Pomegranate, along with which it farm produces Dragon Fruit and other seasonal veggies and fruits. The firm serves both B2C and B2B as its business model in the western part of India. As on November 30, 2023, the Company has 8 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Nov-23
Total Assets	291.62	65.33	187.52	282.32
Net Assets	257.91	45.82	175.89	190.00
Total Borrowings	-	-	-	67.30
Total Revenue	181.59	207.13	232.29	171.79
Profit After Tax	38.19	115.47	130.08	81.40

Tentative Timeline

Opening Date	08-05-2024
Closing Date	10-05-2024
Basis of Allotment	13-05-2024
Initiation of Refunds	14-05-2024
Credit of Shares to Demat	14-05-2024
Listing Date	15-05-2024

Objects of the Issue

Purchase of agricultural equipment’s & irrigation system.

Working Capital Requirements.

General Corporate Purposes.

Contact Information

Registered Office	TGIF Agribusiness Limited A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad - 380054
Phone	+079 49887770
Email	cs@tgifagribusiness.com
Website	http://www.tgifagri.com/

Offer Documents

TGIF Agribusiness IPO DRHP

TGIF Agribusiness IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Retail Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Shareholding Pattern

Share Holding Pre Issue (Promoters)	97.70%
Share Holding Post Issue (Promoters)	71.74%