TGIF Agribusiness IPO to issue 6,87,600 shares worth ₹6.39cr for working capital, agri -equipment purchase, irrigation systems, and corporate needs.
Open Date : May 8, 2024 Close Date : May 10, 2024 Allotment Date : May 13, 2024 Listing Date : May 15, 2024
IPO Price: INR 93 per share Lot Size: 1200 Shares Total Issue Size: INR 6.39 crores
1. TGIF Agribusiness Ltd IPO shows steady revenue growth. 2. Profitability indicators (RoNW, EPS) have recently declined. 3. Further research recommended before investing in the IPO.
1. TGIF Agribusiness Ltd: Strong RoNW and EPS. 2. Raghuvansh Agrofarms Ltd: High P/E. 3. Bangalore Fort Farms Ltd: Low profitability and RoNW.
The objectives of TGIF Agribusiness Ltd : 1. ₹2.05cr for purchasing agricultural equipment & irrigation systems in Rajasthan. 2. ₹2.27cr for working capital needs. 3. ₹153.78L for general corporate purposes
TGIF Agribusiness Ltd IPO Risks 1. Heavy reliance on pomegranate sales. 2. Vulnerable to unfavorable weather impacting operations. 3. Historical negative cash flows