TGIF Agribusiness Limited IPO
TGIF Agribusiness Limited IPO
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The Initial Public Offering of TGIF Agribusiness Limited's culminated in its successful listing on 15-05-2024 at the BSE trading platform. The company secured 6,87,600 Shares through this capital market exercise, with 6,87,600 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹93 to ₹93, with minimum investment requirements of 1200 shares. The subscription period from 08-05-2024 to 10-05-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 13-05-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
TGIF Agribusiness IPO About Company
TGIF Agribusiness Limited, formerly known as ARV Farmpro LLP, has been cultivating a variety of fruits and vegetables since 2014. Operating across 110 acres of leased farmland in Rajasthan’s Ajari, Kasindra, and Kojra regions, the company specializes in pomegranates, dragon fruit, and timber plantations, along with seasonal crops like lemons, watermelons, and chilies. It primarily follows a B2B model, supplying retailers, wholesalers, hypermarkets, and mandis. Expanding its reach, TGIF Agribusiness is set to launch its Direct2home Service, a B2C initiative for direct customer engagement. With a small but dedicated team of eight as of November 30, 2023, the company continues to blend traditional farming with modern distribution strategies to deliver high-quality produce.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
TGIF Agribusiness IPO Strength Factors
- Premium Products and Quality Assurance: TGIF Agribusiness carefully selects top-quality products and follows strict quality control measures. This commitment ensures happy customers and strengthens the company’s reputation.
- Wide Range of Products: From pomegranates and dragon fruit to timber plantations and seasonal fruits and vegetables, TGIF Agribusiness offers a diverse selection. This variety helps reduce risks and allows the company to serve different market needs.
- Experienced Team: With a skilled management and operations team, TGIF Agribusiness benefits from years of industry knowledge. Their expertise helps the company make smart decisions, overcome challenges, and seize new opportunities.
TGIF Agribusiness IPO Risk Factors
- Impact of Weather: TGIF Agribusiness depends on stable weather conditions, but unexpected changes can affect crop yields and harvests. This may lead to supply chain disruptions, financial losses, and challenges in maintaining smooth business operations.
- Seasonal Challenges: The company experiences seasonal shifts in demand, which can impact revenue and profitability. Managing resources and inventory wisely is essential to balancing these fluctuations and ensuring steady operations.
- Cash Flow Concerns: Past instances of negative cash flow highlight financial challenges. If this trend continues, it could affect the company’s ability to manage expenses, invest in growth, and meet financial commitments.
TGIF Agribusiness IPO Lead Manager(s)
- Hem Securities Limited
TGIF Agribusiness IPO Promoter(s)
- Mr. Niraj Chhaganraj Gemawat
- Ms. Rachana Niraj Gemawat
TGIF Agribusiness IPO FAQs
TGIF Agribusiness Limited IPO subscribed 37.19 times. The public issue subscribed 32.92 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 10:42:20 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
TGIF Agribusiness IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
TGIF Agribusiness IPO FAQs
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