TGIF Agribusiness Limited IPO

Established in 2014, TGIF Agribusiness Limited, formerly known as ARV Farmpro LLP, specializes in horticulture, particularly in growing fruits and vegetables through open farming methods. The company's farm spans over 110 acres in the Pindwara tehsil of Sirohi district, Rajasthan, focusing on pomegranate farming as its primary revenue source.

TGIF Agribusiness Limited IPO Overview

The IPO is scheduled to be open for subscription from May 8, 2024, to May 10, 2024, with a fixed price of Rs. 93 per share. The total issue size is Rs. 6.39 Cr, with shares allocated equally between retail investors and other investors.

Objective of the Issue

The proceeds from the IPO will be utilized for the purchase of agricultural equipment & irrigation systems, meeting working capital requirements, and general corporate purposes.

Strengths

TGIF Agribusiness emphasizes product quality, offers a diverse range of products, and is led by an experienced management team.

Weaknesses

The company's operations are vulnerable to adverse weather conditions and seasonal fluctuations. Negative cash flows in the past and the time required for crops to mature are also potential challenges.

TGIF Agribusiness Limited IPO Details

The IPO opens on May 8, 2024, and closes on May 10, 2024, offering 687,600 shares at Rs. 93 per share, aiming to raise Rs. 6.39 Cr. It will be listed on BSE SME.

While TGIF Agribusiness Limited operates in the horticulture sector with a focus on pomegranate farming, its sudden surge in profits raises concerns. Seasoned investors may consider participating in the IPO after conducting a thorough assessment to maximize returns.

Click here to Apply For TGIF AgriBusiness LTD IPO