TGIF Agribusiness Soars 61% premium at Launch, Quickly Hits 5% Circuit on BSE SME

TGIF Agribusiness opened at ₹150 on BSE SME, marking a 61.29% increase from its ₹93 issue price, but soon faced a 5% lower circuit after its strong debut.
TGIF Agribusiness Soars 61% premium at Launch, Quickly Hits 5% Circuit on BSE SME

TGIF Agribusiness experienced a strong market entry, opening at ₹150 on BSE SME, a 61.29% surge over its ₹93 issue price. Despite the robust start, the stock quickly hit a 5% lower circuit following its initial surge.

Trade Intraday, Equity and Commodity in Alice Blue and Save 33.3% Brokerage.

The TGIF Agribusiness IPO was available for subscription from Wednesday, May 8, to Friday, May 10, with a set price of ₹93 per share. Investors could subscribe in lots of 1,200 shares each.

TGIF Agribusiness, located in Pindwara, Rajasthan, operates over 110 acres of farmland growing mainly pomegranates, which generate over 95% of its revenue. It also cultivates dragon fruit and Sagwan trees, selling produce to retailers and wholesalers. Plans include a Direct2home service to deliver products directly to consumers’ homes.

TGIF Agribusiness aims to use its IPO funds to buy agricultural equipment and enhance irrigation for ₹2.05 crores, boost working capital with ₹2.27 crores, and allocate ₹153.78 lakhs for general corporate purposes to support business growth.

Read More News
Q4 Results में धमाकेदार प्रदर्शन से Balkrishna Industries का शेयर 13% उछला, बना रिकॉर्ड

Q4 Results में धमाकेदार प्रदर्शन से Balkrishna Industries का शेयर 13% उछला, बना रिकॉर्ड!

प्रभावशाली Q4 परिणामों के बाद, Balkrishna Industries का शेयर मूल्य 5% ऊपरी सर्किट के साथ 52-सप्ताह के उच्चतम स्तर पर पहुंच गया। EBITDA में सालाना आधार पर ग्रोथ 42% है। BSE पर स्टॉक ₹2,798.95 पर खुला।

Zydus Lifesciences Q4 Result शेयर में 5% की छलांग, मुनाफा ₹1,182 करोड़

Zydus Lifesciences Q4 Result: शेयर में 5% की छलांग, मुनाफा ₹1,182 करोड़!

Q4FY24 के लिए लगभग 300% सालाना शुद्ध लाभ वृद्धि के साथ 1,182 करोड़ रुपये की रिपोर्ट के बाद Zydus Lifesciences के शेयर 1,104.45 रुपये के रिकॉर्ड उच्च स्तर पर पहुंच गए। मजबूत EBITDA वृद्धि के कारण स्टॉक सात महीनों में 89% बढ़ गया।

Enjoy Low Brokerage Trading Account In India

Save More Brokerage!!

We have Zero Brokerage on Equity, Mutual Funds & IPO