TGIF Agribusiness shares debut with 61% premium on BSE SME platform

The , which was completely a fresh equity issue of 6.87 lakh shares, was booked 37 times at close on broad-based interest from investors.

The net proceeds from the public offer will be used for purchase of agricultural equipment and irrigation systems, working capital requirements and general corporate purposes.

The company is primarily a engaged in open farming of certain fruits and vegetables. Its is spread over an area of over 110 acres in the vicinity of three villages i.e., Ajari, Kasindra and Kojra.

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TGIF has obtained all its farmlands on a lease basis from the promoters. The company is mainly engaged in the farming of which contributes to more than 95% of its revenue from operations.

Apart from the farming of pomegranates, it is also into the farming and cultivation of and . In the last three financial years, apart from pomegranate, which has remained the company's main crop, the company has also grown and harvested lemon, watermelon, and chilly.

The company follows different farming practices so as to produce quality fruits such as fruit thinning, wherein some portion of fruit crop from the tree is removed before its maturity, in order to improve the general size and quality of the remaining crop, leaf vegetative growth practice to reduce tolerance level of external appearance, protecting fruit with protection material, measuring soil moisture to determine the water application.

The agriculture sector in India holds the record for second-largest agricultural land in the world generating employment for about half of the country’s population. Thus, farmers become an integral part of the sector to provide us with a means of sustenance.