The TBI Corn IPO started on May 31, 2024, and ended on June 4, 2024. Shares were allocated on June 5, 2024, and refund processes began on June 6, 2024. On June 6, 2024, the shares were credited to investors demat accounts. TBI Corn was officially listed on the stock exchange on June 7, 2024.
During the IPO, TBI Corn offered shares at a price range of ₹90 to ₹94 per share, and the lot size was 1200 shares. The total issue size was ₹44.94 crores, with ₹44.94 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
TBI Corn IPO Subscription Update Video
TBI Corn IPO Subscription Status
The TBI Corn IPO on June 4, 2024 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, the 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 Basic Details
| Company Name | TBI Corn Limited |
| TBI Corn IPO Open Date | May 31, 2024 |
| TBI Corn IPO Close Date | June 4, 2024 |
| TBI Corn IPO Allotment Date | June 5, 2024 |
| TBI Corn IPO Listing Date | 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 |
| Company Promoters | Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans |
About TBI Corn Limited
Founded in 2000, TBI Corn Limited specializes in manufacturing and exporting high-quality Corn Meal Grits. Certified with ISO 9001:2015 and ISO 22000:2018 standards, our company operates in the Sangli district of Maharashtra, India.
We offer a wide range of products, including fat-free corn grits and meals, corn flakes, stone-free broken maize, corn flour, and turmeric fingers. All our products are GMO-free and made without chemical additives or preservatives.
Our global reach includes exports to countries like Dubai, Oman, Jordan, South Africa, and Vietnam.
As of December 31, 2023, TBI Corn Limited proudly employs 48 dedicated staff members.
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TBI Corn IPO FAQs
What is the start and end date of TBI Corn IPO Subscription?
The TBI Corn IPO started on May 31, 2024, and ended on June 4, 2024.
When does TBI Corn IPO Subscription open?
The TBI Corn IPO open on May 31, 2024.
When does TBI Corn IPO Subscription close?
The TBI Corn IPO Close on June 4, 2024.
What is the allotment date of TBI Corn IPO?
The allotment date for TBI Corn IPO is June 5, 2024.
When is the initial refund date of TBI Corn IPO?
The initial Refund date for TBI Corn IPO is June 6, 2024.
When were the shares credited to investors demat accounts for the TBI Corn IPO?
The shares for the TBI Corn IPO were credited to investors demat accounts on June 6, 2024.
When will TBI Corn IPO be listed on the stock market?
TBI Corn IPO stock market will be listed on June 7, 2024 at 10 am.
What was the price range of the TBI Corn IPO shares?
The TBI Corn IPO shares were offered at a price range of ₹90 to ₹94 per share.
What was the lot size for the TBI Corn IPO shares?
The lot size for the TBI Corn IPO shares was 1200 shares.
What was the total issue size of the TBI Corn IPO?
The total issue size of the TBI Corn IPO was ₹44.94 crores.
How were the shares allocated among different types of investors for the TBI Corn IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the TBI Corn IPO listed?
The TBI Corn IPO was listed on the NSE SME.
What is the TBI Corn IPO Subscription Status?
TBI Corn IPO is subscribed 231.21 Times.
