TGIF Agribusiness Ltd IPO

The company has been recently formed by conversion of the erstwhile LLP into the company, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

Excessive dependence on single or limited number of products may have an adverse effect on its operation and result of operations.

Unfavorable weather patterns may have an adverse effect on its business, results of operations and financial condition.

Any improper handling, processing or storage of finished products, or spoilage of and damage to, or any real or perceived contamination in its products, could subject it to regulatory and legal action, damage its reputation and have an adverse effect on its business, results of operations and financial condition.

Its business is subject to seasonal variations that could result in fluctuations in its results of operations.

Some of the lease agreements of the farm land used in its business operations and certain other agreements may be inadequately stamped or may not have been registered as a result of which its operations may be impaired.

The farm land on which the company undertake its business operations and the registered office have been taken on lease or rent basis. Its inability to seek renewal or extension of such leases may materially affect its business operations.

The plantation the company grow take a substantial portion of time to grow, until they are ready to harvest and grow the required quality and quantity of fruits and vegetables.

The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.

The company operates in limited geographies for a significant portion of its revenue. Entering into new geographies may not be as profitable at the current scenario. The company operates in limited geographies for a significant portion of its revenue. Entering into new geographies may not be as profitable at the current scenario.