Contents
- 1 Table of Contents
- 2 TBI Corn IPO Details
- 3 TBI Corn IPO Date
- 4 TBI Corn IPO GMP (Grey Market Premium)
- 5 TBI Corn IPO Subscription Status
- 6 TBI Corn IPO Allotment Status
- 7 Know About Company
- 8 Objects of the Issue of TBI Corn Limited IPO
- 9 TBI Corn Limited Promoters Holding
- 10 TBI Corn Limited Financial Report
- 11 KPI of TBI Corn Limited
- 12 Peer Group Of TBI Corn Limited
- 13 Review Of TBI Corn IPO
- 14 FAQs
TBI Corn IPO Date: TBI Corn Limited is a fresh issue of 47.81 lakh shares. And a book-built issue of Rs 44.94 crores. TBI Corn IPO is open for subscription on 31st May 2024 and closes on 4th June 2024. TBI Corn IPO’s expected allotment and listing date is 5th June 2024 and 7th June 2024.
The TBI Corn IPO price range is ₹90 to ₹94 per share. Retails can apply for a minimum of 1200 shares, the invested amount is Rs ₹112,800. HNIs are required to apply for at least 2 lots (2400 shares), amounting to Rs ₹225,600.
Table of Contents
TBI Corn IPO Details
| Open Date | May 31, 2024 |
| Close Date | June 04, 2024 |
| Listing Date | June 07, 2024 |
| IPO Size | 47.81 lakh fresh shares Aggregating up to ₹87.02 Cr |
| Fresh Issue | 47.81 lakh fresh shares Aggregating up to ₹44.94 Cr |
| Face Value | ₹10 per share |
| IPO Price Band | ₹90 to ₹94 per share |
| IPO Listing on | NSE SME |
| Lot Size | 800 Shares |
| OFS | Nill |
| Share Offered to Retail | 35% |
| Share Offered to QBI | 50% |
| Share Offered to HNI | 15% |
TBI Corn IPO Date
- The IPO will open on Friday, May 31, 2024: Investors can start subscribing to the IPO on this date.
- The IPO will close on Tuesday, June 4, 2024: Investors must subscribe to the IPO by this date. No subscriptions will be accepted after this deadline.
- The basis of allotment will be determined on Wednesday, June 5, 2024: This process will allocate shares to investors based on demand and other factors.
- Refunds will be initiated on Thursday, June 6, 2024: If necessary, refunds to investors who didn’t receive full allotment will begin on this date.
- Shares will be credited to Demat accounts on Thursday, June 6, 2024: This is when allocated shares will be credited to investors’ Demat accounts.
- The listing will occur on Friday, June 7, 2024: Shares will become available for trading on the stock exchange on this date, allowing the public to buy and sell shares of the newly listed company.
To know more see the document TBI Corn Limited IPO DRHP
TBI Corn IPO GMP (Grey Market Premium)
If you want to know TBI Corn Limited IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
TBI Corn IPO Subscription Status
TBI Corn Limited IPO subscription starts on 31 May 2024, To get live IPO subscription data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
TBI Corn IPO Allotment Status
To check TBI Corn Limited IPO allotment status go to the IPO registrar website ”KFIN TECHNOLOGIES LIMITED” or go to IPO Allotment>>.
You can find here any IPO allotment status.
Know About Company
- TBI Corn Limited Founded in 2000, TBI Corn Limited manufactures and exports Corn Meal Grits. The company have ISO 9001:2015 and ISO 22000:2018 certifications.
- The Company specialises in producing high-quality Corn/Maize Grits and related products in the area of Maharashtra’s Sangli district, India.
- They offer various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.
- Produces all items without chemical additives or preservatives, ensuring they are GMO-free.
- Exports products to Dubai, Oman, Jordan, South Africa, and Vietnam.
- As of date December 31, 2023, the company’s total employees are 48.
Objects of the Issue of TBI Corn Limited IPO
- Clearing certain outstanding borrowings.
- Expanding our infrastructure with additional plant and machinery.
- Supporting ongoing operational needs.
- Fulfilling general corporate objectives.
TBI Corn Limited Promoters Holding
- Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans serve as the promoters of the company.
- The pre-issue shareholding stands at 76.65%.
- The post-issue shareholding reduces to 57.71%.
TBI Corn Limited Financial Report
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| September 30, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 | |
| Liabilities | 9,963.40 | 12,162.04 | 5,904.04 | 4,254.86 |
| Assets | 9,963.40 | 12,162.04 | 5,904.04 | 4,254.86 |
| Revenue | 7,120.28 | 14,042.63 | 10,097.26 | 6,776.38 |
| PAT (Profit After Tax) | 666.75 | 686.09 | 45.16 | 23.93 |
KPI of TBI Corn Limited
| Performance Metric | September 30th, 2023 | March 31st, 2023 | March 31st, 2022 | March 31st, 2021 to June 21st, 2022 | April 1st, 2022 to March 21st, 2023 |
|---|---|---|---|---|---|
| Revenue from Operations | 7,034.17 | 11,547.52 | 2,382.96 | 10,028.55 | 6,696.33 |
| Growth in Revenue (%) | 0.99% | 38.91% | – | 49.76% | – |
| EBITDA | 1,110.25 | 1,137.32 | 113.45 | 314.20 | 250.71 |
| EBITDA Margin (%) | 15.78% | 9.85% | 4.76% | 3.13% | 3.74% |
| PAT | 666.75 | 637.16 | 48.93 | 45.16 | 23.93 |
| PAT Margin (%) | 9.48% | 5.52% | 2.05% | 0.45% | 0.36% |
Peer Group Of TBI Corn Limited
No Peer Group of the company.
TBI Corn IPO Registrar
KFIN TECHNOLOGIES LIMITED
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Email Id: tbi.ipo@kfintech.com
TBI Corn IPO Book Running Lead Manager
SWASTIKA INVESTMART LIMITED
SEBI Registration Number: INM000012102
Merchant Banking Division Address: Flat No18 Floor 2 North
Wing Madhaveshwar Co-op HSG Society Ltd, Madhav Nagar,
11/12 S V Road, Andheri West, Mumbai 400 058, Maharashtra,
India.
Telephone Number: +91-22-26254568-69
Email Id: merchantbanking@swastika.co.in;
Investors Grievance Id: mb.investorgreivance@swastika.co.in
TBI Corn Limited Contact
TBI Corn Limited
A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410
Phone: (0233) 2644950
Email: cs@tbicorn.com
Website: https://tbicorn.com/
TBI Corn IPO Application Form PDF
To download the TBI Corn application form check out the Application Form Download ASBA IPO Forms PDF.
Review Of TBI Corn IPO
Update Soon.
FAQs
What is the IPO date for TBI Corn Limited?
TBI Corn IPO opens for subscription on May 31, 2024, and closes on June 4, 2024.
When is the expected allotment and listing date for TBI Corn IPO?
The expected allotment date is June 5, 2024, and the listing date is June 7, 2024.
The price range for TBI Corn IPO shares is ₹90 to ₹94 per share.
Where can I check the IPO subscription and allotment status for TBI Corn IPO?
You can check the IPO subscription status on our IPO Subscription section and the allotment status on the IPO registrar website “KFIN TECHNOLOGIES LIMITED”.
