India, May 2 -- TGIF Agribusiness Ltd. has announced public offering of 687600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 83.00 per share. The gross proceeds of the issue are expected to be Rs 639.47 lakhs.

The company's initial public offer (IPO) will open on 08 May 2024 and is expected to close on 10 May 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 687600 Equity Shares of the Company at an price of Rs 93.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

TGIF Agribusiness Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd. as lead manager & Bigshare Services Private Limited. is the reg...