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
- Exceptional Quality Commitment
- State-of-the-Art Production Facility
- Stringent Quality Control Measures
- Vertically Integrated Supply Chain
- Innovative and Adaptable Team
- Market Responsiveness
- Cost Efficiency
- Premium Sourcing
- Customer Focus
- 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 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
What is the lot size of TBI Corn IPO?
The total size of TBI Corn IPO is ₹44.94 crores and this is a complete fresh Issue.
When will TBI Corn IPO start?
TBI Corn IPO will open from 31 May 2024 and IPO will close on 4 June 2024.
What is the open date of TBI Corn IPO?
TBI Corn IPO will open date from 31 May 2024.
What is the last date ( close date ) of TBI Corn IPO?
TBI Corn IPO will close from 4 June 2024.
What is the price band of TBI Corn IPO?
TBI Corn IPO price band is ₹90 to ₹94. ( Upper Price Band: ₹94, Lower Price Band: ₹90 )
What is the minimum amount required to apply for TBI Corn IPO?
The minimum investment for retailers to apply for TBI Corn IPO is ₹112,800 and the maximum investment is ₹112,800.
What is going on gray market premium of TBI Corn IPO?
View gray market premium of TBI Corn IPO by Clicking Here
How much is the GMP of TBI Corn IPO?
Watch TBI Corn IPO GMP Today: Click Here
What is the allotment date of TBI Corn IPO?
The allotment date of TBI Corn IPO is 5 June 2024.
How to check allotment status in TBI Corn IPO?
To check the allotment status of TBI Corn IPO, first of all go to the registrar website by clicking here, select your bad TBI Corn IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of TBI Corn IPO?
The listing date of TBI Corn IPO is 7 June 2024.
How much will be the listing gain in TBI Corn IPO?
View listing gain of TBI Corn IPO by Clicking Here
How much time TBI Corn IPO is subscribed?
Total 231.21 times subscribed in TBI Corn IPO out of which 523.29 times subscription was done in retail quota, 516.50 times subscription in NII quota and 81.41 times subscription in QIB quota.
How to apply for TBI Corn IPO from Upstox?
Click Here to see how to apply for TBI Corn IPO from Upstox. (step by step)
How to apply for TBI Corn PO from Zerodha?
Click Here to see how to apply for TBI Corn IPO from Zerodha. (step by step)
How to apply for TBI Corn IPO from Angle One?
Click Here to see how to apply for TBI Corn IPO from Angle One. (step by step)
