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TGIF Agribusiness Limited

TGIF Agribusiness Limited

TGIF Agribusiness Limited is a leading Agribusiness company in Rajasthan.

About Company

TGIF Agribusiness Limited: A New Chapter in Indian Horticulture


The Indian agricultural sector is witnessing a significant event with the initial public offering (IPO) of TGIF Agribusiness Limited, a company that has established itself as a key player in the horticulture industry. With over 110 acres of leased land in Rajasthan's Pindwara tehsil, TGIF Agribusiness Limited specializes in the cultivation of a variety of fruits and vegetables, contributing to the rich tapestry of India's agrarian economy.


The IPO Launch


TGIF Agribusiness Limited's IPO is a noteworthy development in the company's journey. The IPO, which opened on May 8, 2024, aims to raise INR 6.39 crore through the issuance of 6.88 lakh shares at a fixed price of INR 93 per share. This move is expected to bolster the company's capital base, allowing for the acquisition of new agricultural equipment, enhancement of working capital, and fulfillment of general corporate purposes.


Company Overview


Founded in 2014, TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, has been actively engaged in open field cultivation, harnessing the fertile lands of Rajasthan. The company's farmland, situated near the villages of Ajari, Kasindra, and Kojra, is a testament to its commitment to sustainable and efficient farming practices.


Financial Performance


The financial health of a company is a critical factor for investors, and TGIF Agribusiness Limited has demonstrated robust performance. For the period ending November 2023, the company reported revenues of INR 1.7 crore and a net profit of INR 81 lakh, indicating a solid financial foundation and potential for growth.


Market Potential


India's agricultural sector is the second-largest in the world and provides employment to nearly half of the country's population. The horticulture segment, in particular, plays a vital role in the nation's economy, with companies like TGIF Agribusiness Limited at the forefront of innovation and productivity.


Future Prospects


The IPO of TGIF Agribusiness Limited is not just a financial milestone but also a harbinger of the company's future endeavors. With the funds raised, the company plans to expand its operations, enhance its infrastructure, and continue to innovate in the field of horticulture. The success of this IPO could pave the way for other companies in the sector to explore similar avenues for growth and development.


Conclusion


TGIF Agribusiness Limited's IPO represents a significant moment for the Indian horticulture industry. It reflects the growing confidence in the agricultural sector and the potential for companies within this space to make a substantial impact on the economy. As TGIF Agribusiness Limited embarks on this new chapter, it stands as a beacon of progress and a model for sustainable agricultural practices in India.


For those interested in the details of the IPO and the company's prospects, further information can be found in the company's regulatory filings and financial statements. The IPO's success will be closely watched by industry experts and investors alike, as it may set a precedent for future agribusiness ventures in the country.

TGIF Agribusiness Limited

Company Financials

TGIF Agribusiness Limited

IPO Timeline (Tentative Timetable)

The Journey of TGIF Agribusiness Limited's IPO: A Detailed Timeline


Pre-IPO Preparations


Before the IPO, TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, was active in the open field cultivation of a variety of fruits and vegetables. Founded in 2014, the company specialized in the cultivation of pomegranates, dragon fruits, and Sagwan trees, among others. With a commitment to quality and modern agricultural practices, TGIF Agribusiness Limited set the stage for a promising IPO.


IPO Announcement


The company announced its intention to go public, with the IPO scheduled to open on May 8, 2024. 


IPO Subscription Window

The subscription window for the IPO opened on May 8, 2024, and will close on May 10, 2024. 


Allotment and Refunds

The basis of allotment will be finalized on May 13, 2024, followed by the initiation of refunds on May 14, 2024. 


Listing on BSE SME


TGIF Agribusiness Limited's shares will be listed on the BSE SME platform on May 15, 2024. 


TGIF Agribusiness Limited

IPO Details

Competitive Strength

TGIF Agribusiness Limited: A Horticultural Powerhouse in the Indian Market


TGIF Agribusiness Limited ("TAL") has emerged as a formidable name in the horticulture sector, particularly in the vibrant agricultural landscape of India. With its strategic location and expansive operations, TAL is not just cultivating crops but also cultivating growth and opportunity in the region.


Strategic Location and Land Utilization

TAL's operations are strategically located in Rajasthan's Pindwara tehsil, leveraging over 110 acres of leased land. This area is situated in the vicinity of three villages—Ajari, Kasindra, and Kojra—which provides TAL with a significant competitive advantage due to the fertile land and favorable climatic conditions for horticulture.


Diversified Product Range

The company's product selection is diverse, focusing on the open farming of various fruits and vegetables. This diversification allows TAL to mitigate risks associated with crop failure and market fluctuations, ensuring a steady supply of produce to the market.


Experienced Management and Operational Team

One of TAL's core strengths lies in its experienced management and operational team. The team's expertise in horticulture and business operations has been pivotal in steering the company towards sustainable growth and profitability.


Financial Performance and Growth Prospects

TAL's financial performance has been robust, with the company clocking revenues of INR 1.7 crore and a net profit of INR 81 lakh for the period ended November 2023. This financial stability is a testament to the company's operational efficiency and market presence.


Innovative Agricultural Practices

Innovation is at the heart of TAL's operations. The company is committed to adopting modern agricultural practices, including the use of advanced irrigation systems and agricultural equipment. This not only enhances productivity but also ensures the quality of produce, which is a significant competitive strength.


IPO Venture and Market Confidence

The recent IPO venture of TAL is a clear indicator of the company's growth trajectory and the confidence it commands in the market. With an IPO worth INR 6.39 crore and no offer-for-sale, the proceeds are earmarked for corporate purposes, working capital, and agricultural equipment. The GMP at INR 0 indicates a realistic valuation in the grey market, reflecting investor trust in the company's fundamentals.


Conclusion

TGIF Agribusiness Limited stands as a testament to the potential of strategic planning, diversified operations, and innovative practices in the horticulture sector. As the company continues to grow and expand its reach, it is poised to play a significant role in the agricultural economy of India and beyond. With its competitive strengths firmly in place, TAL is well-equipped to navigate the challenges of the market and emerge as a leader in the agribusiness industry.


For more detailed insights into TGIF Agribusiness Limited's operations and financials, interested readers can refer to the comprehensive reports available on the company's recent IPO venture.

Company's Past Financial Performance

TGIF Agribusiness Limited: A Financial Performance Review


TGIF Agribusiness Limited, a company that has been making strides in the field of horticulture since its inception in 2014, has recently caught the attention of investors and industry analysts alike. The company, which began as ARV Farmpro LLP, has shown a commendable growth trajectory, especially in terms of revenue and profit.


The financial year ending March 31, 2023, marked a significant milestone for TGIF Agribusiness Limited, with a reported revenue increase of 12.14% and a profit after tax (PAT) rise of 12.63% compared to the previous year. This performance is indicative of the company's robust operational strategies and its ability to adapt to market demands.


A closer look at the company's financials reveals a consistent upward trend. In the fiscal year 2021, the company posted a total income of INR 1.82 crore with a net profit of INR 0.38 crore. The following year, FY22, saw an increase to INR 2.07 crore in total income and INR 1.15 crore in net profit. Continuing this positive trend, FY23 recorded a total income of INR 2.32 crore and a net profit of INR 1.30 crore.


The eight months of FY24, ending on November 30, 2023, have already shown promising results with a net profit of INR 0.81 crore on a total income of INR 1.72 crore. These figures not only reflect the company's financial health but also its potential for sustainable growth in the future.


TGIF Agribusiness Limited's operational focus has been on the open field cultivation of a variety of fruits and vegetables, with pomegranate cultivation contributing to more than 95% of their revenue. The company has also diversified its crop range to include lemon, watermelon, and chili, which suggests a strategic move to mitigate risks associated with single-crop dependence.


The company's recent decision to go public with an IPO, set at a fixed price issue of INR 6.39 crores, has opened new avenues for investment and growth. The IPO details reflect the company's confidence in its financial stability and its commitment to expanding its reach in the agribusiness sector.


Investors looking at TGIF Agribusiness Limited's past financial performance can find reassurance in the company's steady increase in revenue and profit. The company's ability to maintain a positive EBIT margin and a healthy return on equity further strengthens its position as a viable investment option.


As TGIF Agribusiness Limited continues to evolve and adapt to the dynamic agricultural landscape, its financial performance will be a key indicator of its long-term viability and success. With a strong foundation and a clear growth strategy, TGIF Agribusiness Limited is poised to make a significant impact in the agribusiness industry.

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