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Business News/ Markets / Ipo/  TGIF Agribusiness IPO allotment out today; latest GMP, steps to check status
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TGIF Agribusiness IPO allotment out today; latest GMP, steps to check status

TGIF Agribusiness IPO allotment status has been finalised today. Check allotment status on Bigshare Services Pvt Ltd portal. Shares credited to demat accounts. Listing on May 15 on NSE SME.

TGIF Agribusiness IPO share allotment will be finalised today (Monday, May 13). (https://tgifagri.com/)Premium
TGIF Agribusiness IPO share allotment will be finalised today (Monday, May 13). (https://tgifagri.com/)

TGIF Agribusiness IPO allotment status: TGIF Agribusiness IPO share allotment has been finalised today (Monday, May 13). The investors who applied for the issue can check the TGIF Agribusiness IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. TGIF Agribusiness IPO subscription status on the final day of bidding was 37.13 times, as per data available on chittorgarh.com

Investors can use the basis of allotment to determine whether or not they have been allotted any and how many shares. The number of shares granted will also be shown on the IPO allocation status. For individuals who applied but were not allocated shares, the reimbursement process will begin. The shares allocated to them will be credited to their demat accounts.

Also Read: Upcoming IPOs: 6 new public issues and 12 new listings to keep primary market busy next week; check full list here

Individuals who received shares will have their demat accounts credited on Tuesday, May 14. The refund procedure will begin on Tuesday, as soon as the allocation is finalised.

TGIF Agribusiness IPO listing date is fixed for Wednesday, May 15 on NSE SME.

If you have applied for the TGIF Agribusiness IPO, you can do a TGIF Agribusiness IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.html

Step 1

Enter your login credentials directly, Bigshare link— https://ipo.bigshareonline.com/ipo_status.html- TGIF Agribusiness IPO allotment link

Step 2

Choose "TGIF Agribusiness IPO" from the list of companies.

Step 3

Pick "PAN Number, Beneficiary ID, or Application No./CAF No."

Step 4

Select "Search."

You may view your TGIF Agribusiness IPO on your phone's display or a computer monitor.

Also Read: TGIF Agribusiness IPO: Check GMP, subscription status on day 1, issue size, key details to know

TGIF Agribusiness IPO details

TGIF Agribusiness IPO, worth 6.39 crore, consists of a fresh issue of 6,87,600 equity shares with a face value of 10. There is no offer-for-sale component.

The proceeds from the offer will be used for general business objectives, working capital requirements, and the purchase of irrigation systems and agricultural equipment.

Bigshare Services Pvt Ltd is the registrar for the TGIF Agribusiness IPO, with Hem Securities Limited serving as the book running lead manager. Hem Finlease is the market maker for the TGIF Agribusiness IPO.

Also Read: Indegene share price tanks 12% after bumper debut. Buy, sell of hold?

TGIF Agribusiness IPO GMP today

TGIF Agribusiness IPO GMP today is +34. This indicates TGIF Agribusiness share price were trading at a premium of 34 in the grey market, according to investorgain.com.

When the upper end of the IPO pricing range and the present premium on the grey market are taken into consideration, it is projected that TGIF Agribusiness shares will list at a price of 127 a share, which is 36.56% more than the IPO price of 93.

Based on the previous 12 sessions of grey market activity, today's IPO GMP trends higher, indicating a solid listing. The lowest GMP is 0, while the highest is 34, according to investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: TBO Tek IPO allotment to be finalised today; latest GMP, step-by-step guide to check status

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 13 May 2024, 12:48 PM IST
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