TBI Corn IPO Review

 
TBI Corn IPO Review

IPO Open Date: May 31, 2024

IPO Close Date: June 4, 2024

IPO Price: ₹90 to ₹94 per share

Lot Size: 1200 Shares

Listing: June 7, 2024

TBI Corn is scheduled to hit the market on May 31, 2024 and close on June 04, 2024. TBI Corn plans to raise around ₹44.94 Cr through an IPO with a sale of up to 4,780,851 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

TBI Corn Limited, established in the year 2000, is a reputable manufacturer and exporter of Corn Meal Grits. Holding ISO 9001:2015 and ISO 22000:2018 certifications, the company is dedicated to producing top-notch Corn/Maize Grits and associated products within the Sangli district of Maharashtra, India. Their product range includes fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, along with turmeric finger. Notably, all items are crafted without any chemical additives or preservatives, ensuring they are GMO-free.

With a workforce of 48 employees as of December 31, 2023, TBI Corn Limited caters to a global market by exporting its goods to countries like Dubai, Oman, Jordan, South Africa, and Vietnam. The company's commitment to quality and purity underscores its success in delivering sought-after corn-based products to discerning customers worldwide.

TBI Corn



TBI Corn IPO Details

TBI Corn IPO opens on May 31, 2024, and closes on June 04, 2024. The Listing date for TBI Corn IPO is on June 07, 2024. The price band for IPO is ₹90 to ₹94 per share and lot size of 1200 Shares.

IPO DateMay 31, 2024 to June 04, 2024
Listing DateJune 07, 2024
Price₹90 to ₹94 per share
Lot Size1200 Shares
Issue Size₹44.94 Cr
Face Value₹10 per share

TBI Corn IPO Tentative Timetable

TBI Corn opening date is May 31, 2024 and close date is June 04, 2024. The IPO allotment date is June 05, 2024. The refund initiation of IPO is on June 06, 2024. The credit of shares in demat account is on June 06, 2024. The listing date is on June 07, 2024.

EventDate
IPO OpeningMay 31, 2024
IPO ClosingJune 04, 2024
IPO Allotment DateJune 05, 2024
Refund InitiationJune 06, 2024
Shares Credit to DematJune 06, 2024
Lisiting DateJune 07, 2024

TBI Corn IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹112,800).

CategoryLotsSharesAmount
Retail(Minimum)11200₹112,800
Retail(Maximum)11200₹112,800
HNI (Minimum)22400₹225,600

TBI Corn IPO Promoter Holding

Pre Issue Share Holding76.65%
Post Issue Share Holding57.71%

TBI Corn IPO Review

TBI Corn Limited, a renowned manufacturer and exporter of Corn Meal Grits, is all set to launch its Initial Public Offering (IPO) with the aim of raising funds for various growth initiatives. The company, backed by Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans, boasts ISO 9001:2015 and ISO 22000:2018 certifications for its commitment to quality. With a strong focus on producing GMO-free and preservative-free products, TBI Corn Limited has gained recognition both locally and internationally.

The financial performance of TBI Corn Limited reflects its growth trajectory, with a substantial increase in revenue and profit after tax over the years. The company's dedication to excellence is evident in its impressive financial restatements, showcasing a remarkable 39.07% revenue growth and a staggering 1419.24% rise in profit after tax between March 2022 and March 2023. Moreover, the company's expansion plans and working capital enhancements signify a promising future for investors looking to be part of a dynamic and forward-thinking organization.

Investors considering TBI Corn Limited's IPO can expect to contribute towards the expansion of the company's existing unit, meet incremental working capital requirements, and support general corporate purposes. With a track record of delivering high-quality products to markets across Dubai, Oman, Jordan, South Africa, and Vietnam, TBI Corn Limited presents an exciting opportunity for those seeking to invest in a reputable company with a solid foundation and a clear vision for sustainable growth.

TBI Corn IPO Subscription Status (Bidding Details)

Table not found

TBI Corn IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

TBI Corn IPO FAQs

What is TBI Corn IPO?

TBI Corn is issuing 4,780,851 equity shares with a face value of 10 each, totaling up to ₹44.94 Cr. The shares are being offered at a price of ₹90 to ₹94 each, with a minimum order quantity of 1200 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When TBI Corn IPO will open?

TBI Corn will open on May 31, 2024 for QIB, NII, and Retail Investors.

When TBI Corn IPO will end?

TBI Corn will end on June 04, 2024.

What is TBI Corn IPO Size?

TBI Corn IPO size is 44.94 Cr.

What is TBI Corn IPO Price Band?

TBI Corn price band is ₹90 to ₹94 per share.

What is the TBI Corn IPO Allotment Date?

TBI Corn allotment date is June 05, 2024.

What is the TBI Corn IPO Listing Date?

TBI Corn listing date is June 07, 2024. The IPO is to be listed on BSE and NSE.

How to TBI Corn IPO through Zerodha?

To apply for the IPO “TBI Corn” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply TBI Corn IPO through Upstox?

To apply for the IPO “TBI Corn” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check TBI Corn IPO Allotment Status?

For TBI Corn IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is TBI Corn IPO GMP?

You can check out here: TBI Corn IPO GMP

Sharing Is Caring:
Avatar of Ishika Agarwal
About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

Leave a Comment