TBI Corn IPO Details | GMP, Date, Price, Review

TBI Corn IPO Details ( TBI Corn Limited IPO Review )

(31 May 2024 – 4 June 2024)

Founded in 2000, TBI Corn Limited is a top manufacturer and exporter of Corn Meal Grits. We are proud to be certified with ISO 9001:2015 and ISO 22000:2018 standards.

Our specialty lies in producing premium Corn/Maize Grits and related products in Sangli, Maharashtra, India.

Our product range includes fat-free corn grits/meals, corn flakes, stone-free broken maize, corn flour, and turmeric fingers.

Committed to quality, all our products are free from chemical additives, preservatives, and GMOs.

We export to countries worldwide, including Dubai, Oman, Jordan, South Africa, and Vietnam.

As of December 31, 2023, our team consists of 48 dedicated employees.

TBI Corn Limited IPO Competitive Strength

1. Exceptional Quality Commitment
2. State-of-the-Art Production Facility
3. Stringent Quality Control Measures
4. Vertically Integrated Supply Chain
5. Innovative and Adaptable Team
6. Market Responsiveness
7. Cost Efficiency
8. Premium Sourcing
9. Customer Focus
10. Technological Advancement

TBI Corn IPO Financials Performance ( Results )

TBI Corn Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	4,254.86	6,776.38	23.93	512.42		2,300.94
31-Mar-22	4,317.63	10,097.26	45.16	683.24		2,549.48
31-Mar-23	12,162.04	14,042.63	686.09	2,677.81	1,677.49	6,352.82
31-Dec-23	9,511.50	10,196.53	766.45	4,067.70	2,729.94	5,137.13

Objective of TBI Corn IPO Issue

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

TBI Corn IPO Basic Details

IPO Date	May 31, 2024 to June 4, 2024
Listing Date	Friday, June 7, 2024
Face Value	₹10 per share
Price	₹90 to ₹94 per share
Lot Size	1200 Shares
Issue Size	4,780,800 shares of ₹10 (aggregating up to ₹44.94 Cr)
Fresh Issue	4,780,800 shares of ₹10 (aggregating up to ₹44.94 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	13,377,605
Share holding post issue	18,158,405
Company Promoters	Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans

TBI Corn IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

TBI IPO Timetable

TBI IPO will open on May 31, 2024 and close on June 4, 2024. You can join TBI IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	31 May 2024 (Friday)
Closing Date	4 June 2024 (Tuesday)
Basis of Allotment	5 June 2024 (Wednesday)
Initiation of Refunds	6 June 2024 (Thursday)
Credit of Shares to Demat	6 June 2024 (Thursday)
Listing Date	7 June 2024 (Friday)
Deadline for UPI mandate confirmation	5 PM on 4 June 2024

TBI Corn IPO Lot Size

For retail investors in TBI Corn IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹112,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹112,800.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹112,800
Retail (Max)	1	1200	₹112,800
S-HNI (Min)	2	2400	₹225,600

TBI Corn IPO Promoter Holding

The company’s promoters include Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans.

Pre Issue Share Holding	76.65%
Post Issue Share Holding	57.71%

TBI Corn Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	170.69
P/E Ratio (P/E) (x)	18.33
Post P/E Ratio (P/E) (x)	16.70
Return on Net Worth (RoNW) (%)	18.84
Return on equity (ROE) (%)	18.84
Return on Capital Employed (ROCE) (%)	18.65
Debt/Equity Ratio	0.43
Price/Book Value Ratio	3.09

TBI Corn IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹95	–	–
30 May 2024	₹90	–	–

TBI Corn IPO Detail Video:

TBI Corn IPO Subscription Status (Bidding Detail)

The TBI Corn IPO on June 4, 2024 at 7:02:00 PM was subscribed 231.21 times, with the retail category being subscribed 523.29 times, the NII (Non-Institutional Investor) category being subscribed 516.50 times, QIB (Qualified-Institutional Buyers) category being subscribed 81.41 times.

Category	Subscription
QIB	81.41x
NII	516.50x
Retail	523.29x
Total	231.21x

TBI Corn IPO Prospectus

TBI Corn IPO DRHP	Download
TBI Corn IPO RHP	Download
TBI Corn IPO Anchor Investors Details PDF	Download

TBI Corn IPO Rating

Our Rating

3.5/5.0

TBI Corn Company Contact Information

TBI Corn Limited

CIN: U15400PN2022PLC212368
Registered office: A5/3 & A5/4, MIDC, Miraj, Tal- Miraj, Dist- Sangli 416 410, Maharashtra, India
Website: www.tbicorn.com
E-Mail: cs@tbicorn.com
Telephone No: (0233) 2644950
Company Secretary and Compliance Officer: Ms. Ishani Dhupar
Promoters of the Company: Mr. Yogesh Laxman Rajhans and Smt. Asha Laxman Rajhans

TBI Corn IPO Registrar

Kfin Technologies Limited

Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, 500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Email Id: tbi.ipo@kfintech.com
Investor Grievance Email Id: einward.ris@kfintech.com
Contact Person: Mr. M Murali Krishna
Designation: Vice President
Website: www.kfintech.com
SEBI Registration No.: INR000000221

TBI Corn IPO Lead Manager

Swastika Investmart Limited

SEBI Registration Number: INM000012102
Merchant Banking Division Address: Flat No18 Floor 2 North Wing Madhaveshwar Co-op HSG Society Ltd, Madhav Nagar, 11/12 S V Road, Andheri West, Mumbai 400 058, Maharashtra, India.
Telephone Number: +91-22-26254568-69
Email Id: merchantbanking@swastika.co.in
Investors Grievance Id: mb.investorgreivance@swastika.co.in
Website: www.swastika.co.in
Contact Person: Mr. Mohit R. Goyal
Designation: Compliance Officer
CIN: L65910MH1992PLC067052

Ekadrisht Capital Private Limited

SEBI Registration Number: INM000013040
Registered Office: 1102, Summit Business Bay, Chakala Andheri East, Mumbai-400093, Maharashtra, India;
Telephone Number: +91 83838 78744
Email Id: krunal@ekadrisht.com
Investors Grievance Id: grievances@ekadrish.com
Website: www.ekadrisht.com
Contact Person: Mr. Krunal Pipalia
Designation: Vice President
CIN: U66190MH2023PTC401863

TBI Corn IPO FAQs