TGIF Agribusiness Ltd IPO

TGIF Agribusiness IPO to issue 6,87,600 shares worth ₹6.39cr for working capital, agri -equipment purchase, irrigation systems, and corporate needs.

Important Details

Open Date : May 8, 2024 Close Date : May 10, 2024 Allotment Date : May 13, 2024 Listing Date : May 15, 2024

Important Details

IPO Price: INR 93 per share Lot Size: 1200 Shares Total Issue Size: INR 6.39 crores

Fundamental Analysis

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.

Peer Comparison

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

Risks And Challenges

TGIF Agribusiness Ltd IPO Risks 1. Heavy reliance on pomegranate sales. 2. Vulnerable to unfavorable weather impacting operations. 3. Historical negative cash flows