TBI Corn IPO Details: The TBI Corn IPO is scheduled to open on May 31 and will close on June 4. As part of the NSE SME segment, this IPO aims to raise ₹44.9 crores, with a price band set between ₹90 and ₹94 per share. The minimum market lot is 1200 shares.
TBI Corn Company, certified with ISO 9001:2015 and ISO 22000:2018, is a leading entity in the corn milling industry. Situated in the Sangli district of Maharashtra, India, TBI Corn excels in producing top-quality Corn/Maize Grits and related products. The company, under the name “The Best India,” aspires to be a beacon of excellence and innovation in the industry.
TBI Corn offers a wide array of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize, Corn Flour, and Turmeric Finger. All products are manufactured without chemical additives or preservatives and are GMO-free. The company’s commitment to quality is further validated by certifications from MSME, APEDA, Indian Organic, and USDA Organic.
Having established a strong foothold in the international market, TBI Corn exports to the Gulf countries, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and is poised to enter the European and US markets. Their facilities span multiple units in MIDC Miraj, covering a total area of 15,812 SQMT (1,70,200 Sq. ft.), and are equipped with state-of-the-art machinery.
TBI Corn’s products have garnered a global presence, reaching countries such as UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, and more. The company is proud to supply renowned brands across India and is actively exploring opportunities in the corn starch and cattle feed industries. With a dedicated research and development team, TBI Corn continues to innovate and expand strategically.
Renowned for its unwavering dedication to quality, innovation, and international standards, TBI Corn is a trusted name in the corn milling industry. The company’s expanding reach and steadfast commitment ensure that they will continue to deliver premium corn products to customers worldwide.
TBI Corn IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Expansion of Existing Unit;
- To Meet Incremental Working Capital Requirement;
- General Corporate Purpose
TBI Corn IPO Review (Apply or Not)
- Update Soon
TBI Corn IPO Date & Price Band Details:
| IPO Open: | May 31, 2024 |
| IPO Close: | June 4, 2024 |
| IPO Size: | Approx ₹44.9 Crores, 4,780,851 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to 94 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
TBI Corn IPO Lot Size:
The TBI Corn IPO requires a minimum market lot of 1200 shares, amounting to an application total of ₹112,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 2400 | ₹225,600 |
TBI Corn IPO Timeline:
The TBI Corn IPO will open on May 31 and close on June 4. The allotment date is set for June 5, with the IPO potentially listing on June 7.
| IPO Open Date: | May 31, 2024 |
| IPO Close Date: | June 4, 2024 |
| Basis of Allotment: | June 5, 2024 |
| Refunds: | June 6, 2024 |
| Credit to Demat Account: | June 6, 2024 |
| IPO Listing Date: | June 7, 2024 |
TBI Corn IPO GMP Today:
GMP for TBI Corn SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
TBI Corn Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹66.96 | ₹67.49 | ₹0.24 |
| 2022 | ₹100.29 | ₹100.47 | ₹0.45 |
| 2023 | ₹139.30 | ₹131.14 | ₹6.86 |
| March 2024 | ₹70.34 | ₹62.30 | ₹6.67 |
TBI Corn IPO Valuation – FY2023
Check TBI Corn IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹11,365.72 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 37.97% |
| Net Asset Value (NAV): | ₹29,933.17 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Yogesh Laxman Rajhans
TBI Corn IPO Registrar
KFin Technologies Limited
Phone: 91 40 6716 2222
Email: tbi.ipo@kfintech.com
Website: www.kfintech.com
TBI Corn IPO Allotment Status
Check TBI Corn IPO allotment status on KFin Technologies website URL. Click Here
TBI Corn IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli 416 410, Maharashtra, India
Phone: (0233) 2644950
E-mail: cs@tbicorn.com
Website: www.tbicorn.com
TBI Corn IPO FAQs:
1. What are the opening and closing dates for the TBI Corn IPO?
- The TBI Corn IPO will open on May 31 and close on June 4.
2. What is the price band for the TBI Corn IPO?
- The price band for the TBI Corn IPO is set between ₹90 and ₹94 per share.
3. What is the minimum investment required for the TBI Corn IPO?
- The minimum market lot is 1200 shares, requiring an application amount of ₹112,800.
4. When will the allotment of shares be finalized?
- The IPO allotment date is scheduled for June 5.
5. When will the TBI Corn IPO be listed on the stock exchange?
- The IPO might list on June 7.
6. What is the primary objective of the TBI Corn IPO?
- The IPO aims to raise ₹44.9 crores to support the company’s growth and expansion plans.
7. What certifications does TBI Corn hold?
- TBI Corn is certified with ISO 9001:2015, ISO 22000:2018, MSME, APEDA, Indian Organic, and USDA Organic.
8. Where is TBI Corn located?
- TBI Corn is located in the Sangli district of Maharashtra, India, with multiple units in MIDC Miraj.
9. What products does TBI Corn specialize in?
- TBI Corn specializes in high-quality Corn/Maize Grits, Corn Flakes, Stone-free Broken Maize, Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free.
10. Does TBI Corn export its products internationally?
- Yes, TBI Corn exports its products to the Gulf countries, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and is planning to expand into Europe and the US.
11. Who are the primary customers of TBI Corn?
- TBI Corn supplies to renowned companies across India and serves the corn starch and cattle feed industries, among others.
12. What sets TBI Corn apart from its competitors?
- TBI Corn is known for its commitment to quality, innovation, and international standards, backed by extensive research and development.
13. How can investors apply for the TBI Corn IPO?
- Investors can apply for the TBI Corn IPO through their stockbroker or via online IPO application platforms offered by various banks and financial institutions.
14. What is the total area of TBI Corn’s production facilities?
- TBI Corn’s production facilities cover a total area of 15,812 SQMT (1,70,200 Sq. ft.).
