- NEGATIVE
Annual Revenue TGIF Agribusiness Mar-2026 Annual Revenue is Rs 4 Cr which is growth of -0.3% YoY.
- POSITIVE
Annual Net Profit TGIF Agribusiness Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of 16.0% YoY.
TGIF Agribusiness is primarily engaged in horticulture, specializing in open farming of certain fruits and vegetables. The company's farmland spans over 110 acres and is located near three villages.
| Bidding Dates |
|---|
| 08 May 2024 - 10 May 2024 |
| Subscription |
|---|
| 35.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹111,600 | 1 | 1 | 1200 | 687.6 K | ₹93 | 73.28 % | ₹63.9 M | RHP DOC |
TGIF Agribusiness IPO SUBSCRIPTION STATUS
10 May '24Total35.12x
Retail Individual Investor35.28x
HNI (NII) Investors29.23x
Qualified Institutional Buyers-
TGIF Agribusiness IPO overall subscription rate was 35.12 times the total available shares
TGIF Agribusiness IPO retail subscription rate was 35.28 times in the retail segment
TGIF Agribusiness IPO non-institutional investor subscription rate was 29.23 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
10 May 2024 (Day 3) | 35.28x | 29.23x | - |
09 May 2024 (Day 2) | 5.6x | 2.39x | - |
08 May 2024 (Day 1) | 1.95x | 0.83x | - |
TGIF Agribusiness FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY24 | 8.1 | 17.1 | 3.2 | 3.1 | 50.5% |
| FY23 | 13.0 | 23.0 | 13.2 | 12.0 | 59.6% |
| FY22 | 11.5 | 20.3 | 10.7 | 23.4 | 60.7% |
| FY21 | 3.8 | 17.9 | 8.5 | 7.6 | 27.8% |
TGIF Agribusiness IPO SUBSCRIPTION STATUS DETAILS
TGIF Agribusiness had 687.6 K shares on offer
TGIF Agribusiness IPO offer price was ₹93
TGIF Agribusiness IPO minimum Investment was ₹111600
TGIF Agribusiness IPO issue size was ₹ 63.9 M
TGIF Agribusiness had a minimum lot size of 1200 Shares per application
TGIF Agribusiness NUMBER OF SHARES ON OFFER
Total687.6 K
Fresh Issue687.6 K
Offer for Sale0
Post Issue Promoter Holding %73.28 %
TGIF Agribusiness IPO IMPORTANT DATES
| Issue Open Date | 08 May 2024 |
| Issue close Date | 10 May 2024 |
| Allotment Date | 13 May 2024 |
| Refund Date | 14 May 2024 |
| Demat Account Credit Date | 14 May 2024 |
| Listing Date | 15 May 2024 |
| Listing on Exchange(s) | BSE |
| TGIF Agribusiness Allotment Status | Exchange |
TGIF Agribusiness IPO subscription opened on 08 May 2024, and closed on 10 May 2024
IPO allotment for TGIF Agribusiness was finalized on Monday, 13 May 2024
IPO listing for TGIF Agribusiness was on BSE on Wednesday, 15 May 2024
TGIF Agribusiness IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 150.0 |
| Listing Close Price | 142.5 |
| Listing Gain% | 61.3% |
| Current Gain% | 24.7% |
TGIF Agribusiness Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGIF Agribusiness Ltd. | 116 | 30 | 14.9 | 0.9 | 8.4 | 15.8 | 15.5 | 3.6 | -0.3 | 2 | 16 | 7.8 | 16 |
| LT Foods Ltd. | 379.5 | 13178.2 | 20.1 | 6.2 | 1.1 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.9 | 3.2 |
| Godrej Agrovet Ltd. | 553.2 | 10644.2 | 23.8 | -13 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 345 | 7897.8 | 10.4 | 0.3 | 1.3 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 33.1 | 40.4 |
| Gujarat Ambuja Exports Ltd. | 139.3 | 6388.4 | 12.5 | 0.1 | 1.1 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 11.1 | 147.1 |
| Kaveri Seed Company Ltd. | 659.1 | 3390.4 | 13.2 | -0.9 | 2.6 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 49.8 | -15.5 |
Annual
Balance Sheet
Ratios
Cash Flow
TGIF Agribusiness annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
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Table Settings
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CAGR Columns
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
16.1% | 14.9% | 3.6 | 3.6 | 1.6 | 2.3 | 2.1 | 1.8 | ||
Operating Exp. Ann. | 13% | 0% | 1.3 | 1.6 | 0.9 | 0.9 | 0.8 | 1.3 | |
Operating Profit Ann. | 12.6% | 32% | 2 | 1.8 | 0.6 | 1.4 | 1.2 | 0.5 | |
OPM Ann. % | -2.2% | 15% | 55.17% | 49.27% | 40.31% | 58.95% | 59.37% | 27.43% | |
14.5% | 1.4% | 1.5 | 1.8 | 0.9 | 1 | 0.9 | 1.4 | ||
EBITDA Ann. | 16.3% | 34.5% | 2.2 | 2 | 0.7 | 1.4 | 1.3 | 0.5 | |
EBITDA Ann. margin % | 1.3% | 16.6% | 62.52% | 56.16% | 44.39% | 60.07% | 61.57% | 29.07% | |
Interest Ann. | - | - | 0 | ||||||
Depr. | 0% | 0% | 0.1 | 0.2 | 0 | 0.1 | 0.1 | 0.1 | |
PBT Ann. | 17.3% | 39.3% | 2.1 | 1.8 | 0.7 | 1.3 | 1.2 | 0.4 | |
Tax Ann. | - | - | 0.1 | 0.1 | 0 | 0 | |||
15.4% | 38% | 2 | 1.7 | 0.7 | 1.3 | 1.2 | 0.4 | ||
Net Profit Ann. | 15.4% | 38% | 2 | 1.7 | 0.7 | 1.3 | 1.2 | 0.4 | |
NPM Ann. % | 2.4% | 23.2% | 60.75% | 51.98% | 43.82% | 56.62% | 57.00% | 21.37% | |
EPS Adj. latest Ann. | 16% | 39.1% | 7.8 | 6.7 | 2.6 | 5 | 4.5 | 1.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
2Y CAGR
50%
3Y CAGR
16.1%
5Y CAGR
14.9%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
17.6%
2Y CAGR
69%
3Y CAGR
15.4%
5Y CAGR
38%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
-18.7%
2Y CAGR
20.2%
3Y CAGR
13%
Operating Expenses Annual Cr is falling faster than historical averages.
TGIF Agribusiness INFORMATION ON IPO ISSUE
About TGIF Agribusiness
TGIF Agribusiness is primarily engaged in horticulture, specializing in open farming of certain fruits and vegetables. The company's farmland spans over 110 acres and is located near three villages.
Object of the Issue
- Purchase of agricultural equipment & irrigation system
- To meet working capital requirements
- General corporate purpose
TGIF Agribusiness - PROMOTERS
| Name |
|---|
| Niraj Chhaganraj Gemawat |
| Rachana Niraj Gemawat |
TGIF Agribusiness Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
TGIF Agribusiness Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
TGIF Agribusiness Strengths
Product selection and quality control
The company employs a comprehensive quality control mechanism that spans from plantation to harvest and extends to the packaging stage. This ensures that the produce is free from contamination and maintains greater freshness throughout the farm-to-table process
Strength
Diversified product range
TGIF Agribusiness is primarily a horticulture company engaged in the farming of various fruits and vegetables. In addition to pomegranates, the company also specializes in the cultivation of dragon fruits and Sagwan (teak) trees
Strength
TGIF Agribusiness Risks
Unfavorable weather patterns
Unfavorable weather patterns may adversely affect the business, results of operations, and financial condition of the company
Risk
Negative net cash
The company has experienced negative net cash flows in the past and may continue to face negative cash flows in the future
Risk
IPO FAQs
The promoters of the company are Niraj Chhaganraj Gemawat and Rachana Niraj Gemawat.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 93.0 - 93.0.
The IPO application opens on May 08, 2024 and closes on May 10, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 111,600.0, the maximum value for this IPO is Rs 111,600.0.
This IPO will be allotted on May 13, 2024.
The refund will be credited to your account on May 14, 2024.
The allotted shares will be credited to your demat on May 14, 2024.
TGIF Agribusiness Ltd.’s shares listed on the stock exchanges on May 15, 2024.