May 15, 2024
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TGIF Agribusiness IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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TGIF Agribusiness IPO Post Listing Review:
Listed at Rs. 150, premium of 61.29% over the issue price of Rs. 93. The listing has been much above the expectations of the grey market players.
What is the latest GMP of TGIF Agribusiness IPO?*
Premium: Rs.30
Subject to Rs.27400
Check Subscription status of TGIF Agribusiness IPO
On 10 May 2024 @ 5.00 (Day 3)
Review: Ok response on Day 3
NII: 35.35 T
RII: 32.92 T
Total: 37.13 T
Applications: 10906
What is the business of TGIF Agribusiness?
TGIF Agribusiness is primarily a horticulture company engaged in open farming of certain fruits and vegetables. Its farm land is spread over an area of over 110 acres and is situated in the vicinity of three villages i.e. Ajari, Kasindra and Kojra, all of which are located in the tehsil of Pindwara, district Sirohi, Rajasthan. It has obtained all our farm lands on lease basis from Niraj Chhaganraj Gemawat (Promoter), Rachna Gemawat (Promoter), Niraj Chhaganraj Gemawat HUF and Vipin Moharir.
The company is mainly engaged in the farming of pomegranate which contribute to more than 95% of our revenue from operations.
Apart from the farming of pomegranate it is also engaged in the farming and cultivation of dragon fruits and Sagwan trees. In the last three financial years, i.e. F.Y. 2020-21, 2021-22 and 2022-23, apart from pomegranate, which has remained our main crop, it has also gown and harvested lemon, water melon and chilly.
Get more information about the company @ http://www.tgifagri.com/
| TGIF Agribusiness IPO Details | |
| IPO opens on | 8 May 2024 |
| IPO closes on | 10 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 687600 Shares / Rs 6.39 Crore |
| * Fresh Issue | 687600 Shares / Rs 6.39 Crore |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 34800 Shares |
| Net offer to Public | 652800 Shares/ Rs.6.07 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.93 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in TGIF Agribusiness IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 326400 | 3.04 |
| RII (50%) | 326400 | 3.03 |
| Total Shares | 652800 | 6.07 |
| Retail portion will be oversubscribed by | 272 | |
| Forms | ||
| How much Shares to Apply in TGIF Agribusiness IPO? | ||
| Min Retail Application | 1200 Shares | Rs. 111600 |
| Min HNI Application | 2400 Shares | Rs.223200 |
Who are the Promoters of TGIF Agribusiness IPO?
The Promoters of the company are Mr. Niraj Chhaganraj Gemawat and Rachana Niraj Gemawat
What are the Objects of TGIF Agribusiness IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
1.Purchase of agricultural equipment & irrigation system;
2.To meet Working Capital requirements, and
3.General Corporate Purpose.
| TGIF Agribusiness IPO Tentative timetable | |
| IPO opens on | 8 May 2024 |
| IPO Closes on | 10 May 2024 |
| IPO Allotment on | 13 May 2024 |
| Refund Initiation | 14 May 2024 |
| Credit of Shares | 14 May 2024 |
| Listing on | 15 May 2024 |
| Registered Office of the Company TGIF Agribusiness Limited A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad – 380054 |
| Who is the Lead Manager of TGIF Agribusiness IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| TGIF Agribusiness IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 1.82 | 0.38 | 2.01 | 14.80 |
| 2021-22 | 2.07 | 1.15 | 6.08 | 252.0 |
| 2022-23 | 2.32 | 1.30 | 6.85 | 73.93 |
| Book Value of the Share on | 31.03.2023 | Rs 9.26 | ||
| BV of the Share at cap price | after the IPO | Rs. 32.06 | ||
| Offer Price/upper band | Rs. 93 | |||
| TGIF Agribusiness IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 13.58 |
| Price/BV Ratio | 10 |
| Upper price/BV after IPO | 2.90 |
How TGIF Agribusiness IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| TGIF Agribusiness | 10 | 2.32 13.57 | |
| Raghuvansh Agro | 10 | 10.17 | 110.74 |
| Bangalore Fort Farm | 10 | 24.96 | 59.92 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
TGIF Agribusiness IPO To the point Guidance
Mandeep Auto Industries started operations with two offshore vessel management and as of the date of December 31, 2023, it has 5 owned vessels comprising of 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector It has one long term chartered specialized
multipurpose offshore vessel serving the Oil & Gas Sector.
Size: The net offer is of Rs. 23.97 Crore/3578000 shares. Retail portion is Rs. 11.98 crore and it can get one time subscribed with 895 applications. Though the size of the IPO is somewhat large, over subscription may not be an issue.
Financial Snapshot: The company has taken over running business of one of the promoters on 30 August 2023. So, for analysis of the profitability, we have to profits of the sole proprietary business into account. The Sole proprietorship business earned net profit of Rs. 104.91 lacs during 2022-23 and Rs. 77.50 lacs in the five months-period ended on 31 August 2023. The company has issued bonus shares on 31 August 2023 and hence the equity shares capital stands at 6569184 shares. To arrive at earnings per share, we have considered bonus shares and accordingly, the EPS comes to Rs. 2.78 for the year 2022-23. The shares are offered at Rs 67. So, we can assume PE ratio of 24.10. Compare the same with peer group companies. Small listing gains is possible. May Apply.
Quicklinks
TGIF Agribusiness IPO GMP today details?
TGIF Agribusiness IPO
TGIF Agribusiness IPO FAQs
What is TGIF Agribusiness IPO?
Mandeep Auto Industries is a SME IPO of 6700000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will TGIF Agribusiness IPO open?
Mandeep Auto Industries IPO opens on April ?, 2024, and closes on April ?, 2024.
What is the lot size of TGIF Agribusiness IPO?
Mandeep Auto Industries IPO lot size is ? Shares, and the minimum amount required is Rs.?.
How to apply for Mandeep Auto Industries IPO?
You can apply in Mandeep Auto Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is TGIF Agribusiness IPO allotment?
The finalization of Basis of Allotment for Mandeep Auto Industries IPO will be done on April ?, 2024, and the allotted shares will be credited to your demat account by April ?, 2024.
When is TGIF Agribusiness IPO listing date?
Mandeep Auto Industries IPO listing date is April ?, 2024.
