TGIF Agribusiness Limited

Company Profile
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

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

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%

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