TGIF Agribusiness Limited Company Highlights

TGIF Agribusiness Limited:-

Some of the Key highlights of the company are as below:-

1.       This company was founded in Year 2014

2.       Previous name of the company was ARV Farmpro LLP

3.       This company is in the business of Dragon fruit, pomegranates, and sagwan trees plantation.

4.       Company also harvest and grow the vegetables and fruits such as lemon, chilies and watermelons.

5.       Company has farmland of 110 acres and they have lands in Rajasthan.

6.       Most of lands are on lease basis.

7.       Company launched its IPO from 8^th May 2024 to 15^th May 2024 at and issue price of Rs.93 per share.

8.       Total issue size was Rs.6.39 crores.

9.       IPO was subscribed 37.13 times.

10.   Company share hits a high of Rs.156.80 per share and now trading at Rs.93.39 per share on 31.05.2024 i.e. very close to its issue price.

11.   Company mostly sells its products through B2B model i.e. business to Business model  in which they are selling directly to Retailers, Whole sellers, Mandis, Hypermarkets and Retail chains.

12.   Company is also planning to sell consumers through B2C model and Direct to home.

 

Company has reported revenue of Rs.1.53 Crores in Half Yearly ending March 2024 and profit of Rs.67.26 lakhs

In November 2023 half yearly Revenue were Rs.2.82 crores and profit after tax of Rs.81.41 lakhs.

Company is consistently reporting profit and margins are also seems to be quite high.