TBI Corn Limited IPO
NSE SMEListed On: Jun 7, 2024 at ₹ 198.0
₹ 225600 /2400 Shares
*Min Investment
31 May, 2024
Open Date04 Jun, 2024
Close Date05 Jun, 2024
Allotment Date07 Jun, 2024
Listing DateTBI Corn Limited IPO Issue Details
- Issue Price ₹90-94 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 47,80,800 shares(aggregating up to ₹44.94 crore)
- Fresh Share 47,80,800 shares(aggregating up to ₹44.94 crore)
- Listing at NSE SME
- List Price 198.0
- Listing Date 2024-06-07
- Lead Manager Swastika Investmart Ltd
Ekadrisht Capital Private Limited - Registrar Kfin Technologies 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 offers total 4,780,800 shares. Out of which 908,800 (19.01%) allocated to QIB, 681,600 (14.26%) allocated to NII,592,000 (12.38%) allocated to RII, NA (NA%) allocated to employees and 1,358,400 (28.41%) allocated to 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 Details
TBI Corn Limited IPO is an SME IPO, priced at ₹90-94 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 47,80,800 equity shares, aggregating up to ₹44.94 crores..
The IPO bidding window is open from May 31, 2024 to Jun 4, 2024. The allotment is expected to be finalized on Jun 5, 2024, and the tentative listing date is Jun 7, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,12,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,25,600.
Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Ss Corporate Securities Limited will act as the market maker for this issue.
TBI Corn Limited IPO Subscription Analysis And 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 |
TBI Corn Limited Valuations
TBI Corn Limited Company Financials
| 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 TBI Corn Limited 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)
Mr. Yogesh Laxman Rajhans
Mrs. Asha Laxman Rajhans
Pre Issue Share Holding : 76.65%
Post Issue Share Holding : 57.71%
TBI Corn Limited IPO - Issue Objectives
Expansion of Existing Unit
To Meet Incremental Working Capital Requirement
General Corporate Purpose
Contact Details
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj Dist- Sangli 416410
(0233) 2644950
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of TBI Corn Limited IPO is 4,780,851 shares(aggregating up to ₹44.94 Cr).
Ans. The TBI Corn Limited IPO price band is set between ₹90-94 per equity share.
Ans. To apply for TBI Corn Limited 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 TBI Corn Limited IPO allotment status online.
