About
TGIF Agribusiness Limited is launching its IPO. The offer opens for subscription on 08th May 2024 and will close on May 10th, 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does TGIF Agribusiness Limited do?
TGIF Agribusiness Limited, incorporated in December 2023, stemmed from the conversion of a limited liability partnership called “TGIF Agribusiness LLP,” previously known as “ARV Farmpro LLP,” which itself was formed from the partnership firm “Arvee Farm Products.” The primary promoter, Niraj Chhaganraj Gemawat, along with his wife Rachna Gemawat, initiated the venture in 2014.
Operating primarily in horticulture, the company’s main focus is on open farming of fruits and vegetables, with 110 acres of leased land in Rajasthan. Pomegranate farming contributes to over 95% of their revenue, alongside dragon fruits and Sagwan trees. In recent years, they’ve diversified into lemon, watermelon, and chili cultivation.
The company emphasizes quality fruit production through various practices like fruit thinning and soil moisture measurement. They engage local farmers and workers and closely monitor crop quantity and quality. Increasing consumer demand has facilitated market growth, with a commitment to quality and safety standards.
Utilizing drip irrigation systems and post-harvest facilities, they ensure efficient irrigation and maintain food hygiene. Products are tailored to individual client requirements and distributed to retailers, wholesalers, and other market channels. Plans are underway for a B2C model named Direct2home service.
Schedule/Timeline of TGIF Agribusiness Limited IPO
| Issue Period | 8th May to 10th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares | May 14, 2024 |
| Date of Listing | May 15, 2024 |
| Mandate end date | May 25, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 12, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 11, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the TGIF Agribusiness Limited IPO?
You can apply for the TGIF Agribusiness Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for TGIF Agribusiness Limited IPO?
You can check the allotment status for the TGIF Agribusiness Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.