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

The IPO of TBI Corn Limited is priced at ₹90-94 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.

TBI Corn Limited IPO bid opening date is from May 31, 2024 and the bid closing date was Jun 4, 2024.
TBI Corn Limited IPO allotment result will be available on Jun 5, 2024. The tentative listing date for TBI Corn Limited is Jun 7, 2024.

The total issue size is 4,780,851 shares(aggregating up to ₹44.94 Cr).

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

ROE

18.84%

ROCE

18.65%

Debt/Equity

0.43

RoNW

18.84%

PAT Margin

7.59

Price to Book Value

3.09

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

Incorporated in 2000, TBI Corn Limited manufactures and exports Corn Meal Grits. ISO 9001:2015 and ISO 22000:2018 certified the Company.

Sangli district in Maharashtra, India focuses on producing excellent quality Corn/ Maize Grits besides other products produced by the company.

The firm sells products in the form of:
Fat-free corn grits/meals
Corn Flakes
Stone-free broken maize and corn flour
Turmeric finger.

All products are free from chemical additives and preservatives and are GMO-free.

The company exports its products to countries like 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.