TBI Corn Limited IPO

NSE SME

Listed On: Jun 7, 2024 at ₹ 198.0

₹ 112800 /1200 Shares

Check Allotment

TBI Corn Limited IPO Details

31 May, 2024

Open Date

04 Jun, 2024

Close Date

05 Jun, 2024

Allotment Date

07 Jun, 2024

Listing Date

Issue Price

₹90-94 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

198.0

Listing Date

2024-06-07

Market Lot

1200 Shares (₹112,800/-)

Lead Manager

Swastika Investmart Ltd
Ekadrisht Capital Private Limited

Issue Size

4,780,851 shares(aggregating up to ₹44.94 Cr)

Retail Portion

35%

Subscription

231.21 times

IPO Docs

DRHP RHP

TBI Corn Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	908,800 / 681,600	1,592,0000	3,182,400
Day 1 - 31-05-24 06:00 PM	0.02 / 6.82 x	13.80 x	8.37 x
Day 2 - 03-06-24 06:00 PM	0.23 / 48.76 x	90.33 x	55.69 x
Day 3 - 04-06-24 06:00 PM	81.41 / 516.50 x	523.29 x	231.21 x

Total No. of Applications: 258,158 (Approx)

TBI Corn Limited Valuations

EPS Pre IPO

₹5.13/-

EPS Post IPO

₹5.63/-

P/E Pre IPO

18.33

P/E Post IPO

16.7

RoNW

18.84%

TBI Corn Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	12,162.04	4,317.63	4,254.86
Revenue	14,042.63	10,097.26	6,776.38
Profit After Tax	686.09	45.16	23.93

About The Company

TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified.

The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.

The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.

All products are made without chemical additives or preservatives and are GMO-free.

The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.

As of 31st December 2023, the company has a total of 48 employees

TBI Corn Limited - Promoter(s)

Pre Issue Share Holding: 76.65%

Post Issue Share Holding: 57.71%

Company Promoter(s)

Mr. Yogesh Laxman Rajhans
Mrs. Asha Laxman Rajhans

TBI Corn Limited IPO - Issue Objectives

Expansion of Existing Unit
To Meet Incremental Working Capital Requirement
General Corporate Purpose

Other Details

Company Contact Details

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: tbi.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

TBI Corn Limited IPO - FAQs

Ans. TBI Corn Limited IPO is a SME IPO. The issue is priced at ₹90-94 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on May 31, 2024, and closes on Jun 4, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The TBI Corn Limited IPO opens on May 31, 2024 and closes on Jun 4, 2024.

Ans. The size of TBI Corn Limited IPO is 4,780,851 shares(aggregating up to ₹44.94 Cr).

Ans. The IPO price band is set between ₹90-94 per equity share.

Ans. To apply for TBI Corn Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find TBI Corn Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of TBI Corn Limited IPO is Jun 5, 2024.

Ans. The TBI Corn Limited IPO will be listed on Jun 7, 2024.

Ans. Follow the steps to check the allotment status for TBI Corn Limited IPO here.