TGIF Agribusiness Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹93

Listed On

15 May 2024

Listing Price

₹150 (+61.29%)

Current Price LIVE

₹150 (+61.29%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail	2	2,400	₹2,23,200
HNI Min	3	3,600	₹3,34,800

As per financials, TGIF Agribusiness Limited has shown average results, RoNW is 73.95% and P/E is respectively 20.84, 18.50 and 19.71 as per FY22, FY23 and annualised FY24 earnings. So, issue looks fully priced. Company is engaged in open farming of certain fruits and vegetables, which is highly competitive and fragmented segment. Performance of BRLM is good. So, we give NEUTRAL rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Fresh Issue

1
(Rs
2
06/- Cr) To meet working capital requirement
3
(Rs
4
06/- Cr)
5
To meet working capital requirements. (Rs 2.27/- Cr)
6
General Corporate Purpose. (Rs 1.53/- Cr)
7
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
8
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
9
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
10
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
11
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
12
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	Combined (QIB + NII)	RII	Total
Shares Offered / Reserved	3,26,400	3,26,400	6,52,800
Day 1 08-05-24	2,85,600 (0.88)	6,69,600 (2.05)	9,55,200 (1.46)
Day 2 09-05-24	8,22,000 (2.52)	19,24,800 (5.9)	27,46,800 (4.21)
Day 3 10-05-24	1,35,30,000 (41.45)	1,07,44,800 (32.92)	2,42,74,800 (37.19)

Period	Total Income	Total Expenses	Profit After Tax (PAT)
upto 30.11.23 FY24	1.71	0.90	0.81
FY23	2.32	1.01	1.30
FY22	2.07	0.90	1.15
FY21	1.81	1.42	0.38

Open Date	May 08, 2024
Close Date	May 10, 2024
Allotment Date	May 14, 2024
Listing Date	May 15, 2024
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 93 Per Equity Share
Issue Size	Fresh Issue of Up to 6,87,600 with aggregating up to Rs 6.39/- Cr
Retail Min Lot	1 Lot (1,200 Shares - ₹ 1,11,600)
Lead Manager	Hem Securities Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
TGIF Agribusiness Limited Current	2.90	18.50	73.95%	2.32
Raghuvansh Agrofarms Limited	3.65	38.0	8.88%	11.23
Bangalore Fort Farms Limited	3.75	121.0	0.18%	24.45

TGIF Agribusiness Limited

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