What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of TGIF Agribusiness Limited IPO?

TGIF Agribusiness Limited IPO has received a total subscription of 37.19 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

TGIF Agribusiness Limited

ListedSME

Agriculture / Horticulture · BSE

TGIF Agribusiness Limited, formerly known as ARV Farmpro LLP, has been cultivating a variety of fruits and vegetables since 2014. Operating across 110 acres of leased farmland in Rajasthan’s Ajari, Kasindra, and Kojra regions, the company specializes in pomegranates, dragon fruit, and timber plantations, along with seasonal crops like lemons, watermelons, and chilies. It primarily follows a B2B model, supplying retailers, wholesalers, hypermarkets, and mandis. Expanding its reach, TGIF Agribusiness is set to launch its Direct2home Service, a B2C initiative for direct customer engagement. With a small but dedicated team of eight as of November 30, 2023, the company continues to blend traditional farming with modern distribution strategies to deliver high-quality produce.

Price Band

₹93

Issue Size

₹6.39 Cr

Lot Size

1200 shares

GMP

₹70

+75.3%

Est. Listing

₹163

at current GMP

Subscribed

37.19x

overall

Open

8 May 2024

10 May 2024

Allotment

13 May 2024

Refund

14 May 2024

Demat Credit

15 May 2024

Listing

15 May 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

37.19x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

41.45x

High Net-Worth

Retail (RII)

32.92x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 37.19x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	326,400	13,530,000	41.45x
RETAIL	326,400	10,744,800	32.92x
Total	652,800	24,274,800	37.19x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 33.21x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	200	6,584	32.92x
HNIs (10L +)	1	41	41.45x
HNIs (2-10L)	6	249	41.45x
Total Applications	207	6,874	33.21x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About TGIF Agribusiness Limited Public Issue & Market Profile

TGIF Agribusiness Limited is bringing an initial public offering (IPO) in the Agriculture / Horticulture sector with an aggregate issue size of ₹6.39 Crores. The shares are offered at a price band of ₹93 to ₹93 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2024-05-10, the basis of allotment is scheduled to be finalized on 2024-05-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is TGIF Agribusiness Limited IPO GMP today?

The latest Grey Market Premium (GMP) for TGIF Agribusiness Limited IPO is ₹70 per equity share. Based on the upper price band of ₹93 to ₹93 per equity share, the estimated listing price is ₹163 (+75.3% expected listing gain).

What is the expected profit per lot for TGIF Agribusiness Limited IPO?

With a lot size of 1200 shares and current GMP of ₹70, the expected profit per application lot is approx ₹84,000 (+75.3% gain). Minimum application cost is approx ₹1,11,600.

What is the issue size and price band for TGIF Agribusiness Limited IPO?

The TGIF Agribusiness Limited IPO aggregate issue size is ₹6.39 Crores with an equity price band set at ₹93 to ₹93 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,11,600.

How can I check TGIF Agribusiness Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 37.19x (Retail: 32.92x, QIB: 0.00x, NII: 41.45x). You can track live multiples directly on our dedicated subscription page.

Where and when will TGIF Agribusiness Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-05-13. Investors can verify status using PAN card or application number.

When is the listing date for TGIF Agribusiness Limited IPO?

TGIF Agribusiness Limited shares are scheduled to list on BSE on 2024-05-15.