TBI Corn Limited IPO
TBI Corn Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹90–₹94 per share. The stock debuted at ₹198, delivering a listing gain of 110.6%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,12,800.
TBI Corn Limited IPO
- IPO Dates
- May 31, 2024 – Jun 4, 2024
- Price band
- ₹90-94 per equity share
- Minimum Investment
- ₹1,12,800
- Issue size
- ₹44.94 Cr
- Lot size
- 1200
- Allotment Date
- Jun 5, 2024
- Listing
- Jun 7, 2024
- Listing At
- NSE SME
IPO timeline
-
May 31, 2024
Open Date
Completed
-
Jun 4, 2024
Close Date
Completed
-
Jun 5, 2024
Allotment Date
Completed
-
Jun 7, 2024
Listing Date
Completed
TBI Corn Limited IPO Essentials
TBI Corn Limited IPO Details
TBI Corn Limited IPO is priced at ₹90-94 per share with a total issue size of 44.94 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹90-94 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,780,851 shares(aggregating up to ₹44.94 Cr)
- Total issue size
- 47,80,800 shares
(aggregating up to ₹44.94 crore) - Fresh issue
- 47,80,800 shares
(aggregating up to ₹44.94 crore) - Listing at
- NSE SME
- List price
- 198.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Swastika Investmart Ltd, Ekadrisht Capital Private Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,12,800 |
| Retail(max) | 1 | 1200 | ₹1,12,800 |
| NII (min) | 2 | 2,400 | ₹2,25,600 |
TBI Corn Limited IPO Reservation
TBI Corn Limited IPO reservation details show category-wise allocation of shares. Out of the total 4,780,800 shares, approximately 19.01% are reserved for QIB, 14.26% for NII, 12.38% for retail investors, 5.02% for market maker, and 28.41% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,358,400 (28.41%) | |
| Market Maker Shares Offered | 240,000 (5.02%) | |
| QIB Shares Offered | 908,800 (19.01%) | |
| NII (HNI) Shares Offered | 681,600 (14.26%) | |
| Retail Shares Offered | 592,000 (12.38%) | |
| Total Shares Offered | 4,780,800 (100%) |
TBI Corn Limited IPO Analytics
TBI Corn Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
TBI Corn Limited IPO Subscription Status
TBI Corn Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
TBI Corn Limited Valuations
Earnings
- EPS Pre IPO
- ₹5.13/-
- EPS Post IPO
- ₹5.63/-
- P/E Pre IPO
- 18.33
- P/E Post IPO
- 16.7
Returns
- ROE
- 18.84%
- ROCE
- 18.65%
- RoNW
- 18.84%
- PAT Margin
- 7.59
Fundamentals
- Debt / Equity
- 0.43
- Price / Book
- 3.09
TBI Corn Limited Financials( In Lakhs)
| 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 |
TBI Corn Limited Company & Offer Insights
About TBI Corn Limited
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)
Mr. Yogesh Laxman Rajhans, Mrs. Asha Laxman Rajhans are the company's promoters of TBI Corn Limited.
TBI Corn Limited IPO Issue Objectives
- •
- Expansion of Existing Unit
- •
- To Meet Incremental Working Capital Requirement
- •
- General Corporate Purpose
Contact Information
Contact Details
TBI Corn Limited
(0233) 2644950
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj Dist- Sangli 416410
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
TBI Corn Limited IPO is a book-built IPO worth ₹44.94 crore. The price band is ₹90–₹94 per share. The IPO opens on May 31, 2024 and closes on Jun 4, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of TBI Corn Limited IPO is ₹90 to ₹94 per share.
The lot size of TBI Corn Limited IPO is 1200 shares.
The minimum investment for TBI Corn Limited IPO is approximately ₹1,12,800 based on the upper price band .
TBI Corn Limited IPO opens on May 31, 2024 and closes on Jun 4, 2024.
The allotment date of TBI Corn Limited IPO is Jun 5, 2024.
TBI Corn Limited IPO is expected to be listed on Jun 7, 2024, on NSE SME Platform.
TBI Corn Limited IPO valuation snapshot: P/E 16.7, EPS ₹5.63/-, P/B 3.09, RoNW 18.84%, and market cap N/A.
To apply for TBI Corn Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of TBI Corn Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for TBI Corn Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check TBI Corn Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TBI Corn Limited IPO allotment status on IPO Ji for quick and easy access.