TBI CORN IPO Overview
You are at right place to check all the details regarding TBI CORN IPO. The dates for TBI CORN IPO is announced. The IPO will open on May 31, 2024 and will close on June 4, 2024 .
The TBI CORN IPO price band is fixed at ₹90 to ₹94 Per Share. The company aims to to raise around ₹44.90 Crores via this IPO. You can find complete information about TBI CORN IPO in this post.
The TBI CORN IPO lot size for the application is 1200 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹112,800.
About TBI CORN IPO:
TBI Corn Company, an ISO 9001:2015 and ISO 22000:2018 certified company, is a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, they specialize in the production of high-quality Corn / Maize Grits and related products. They named their venture “The Best India” with the vision of shining as a symbol of beautiful India. The Company offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free.
Apart from ISO certifications, they hold certificates from MSME, APEDA, and are both Indian Organic and USDA Organic certified. They have successfully expanded into international markets, serving countries in the Gulf, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and soon, Europe and the US.
They have expanded to multiple units in MIDC Miraj, occupying a total area of 15,812 SQMT (1,70,200 Sq. ft.) and equipped with modern machinery. Their products have a global presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to venture into Europe and the US. They proudly supply to renowned companies across India. Their products cater to the needs of corn starch and cattle feed industries, with potential expansion in this sector. They have dedicated teams for research and development, ensuring continuous innovation and strategic growth. The Company is a trusted name in the corn milling industry, known for its commitment to quality, innovation, and international excellence. With their expanding reach and unwavering dedication, they aim to continue providing good quality corn products to customers worldwide.
Objects of the Issue
- Expansion of Existing Unit;
- To Meet Incremental Working Capital Requirement;
- General Corporate Purpose
TBI CORN IPO Review (Apply or Not?)
To be updated
TBI CORN IPO Brokrage House Reviews:
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
TBI CORN IPO Date & Price Band Details
| IPO Open: | May 31, 2024 |
| IPO Close: | June 4, 2024 |
| IPO Size: | ₹44.90 Crores |
| Face Value: | Rs1 Per Equity Share |
| IPO Price Band: | ₹90 to ₹94 Per Share |
| IPO Lot Size | 36 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
TBI CORN IPO Market Lot
The TBI CORN IPO minimum market lot is 1200 shares which is equal to ₹14,720 application amount. The retail investors can apply up-to 13 lots with 208 shares which is equal to ₹191,360
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 1200 | ₹225,600 |
TBI CORN IPO Allotment & Listing Dates
The TBI CORN IPO open date is May 31, 2024 and the close date is June 4, 2024 . The TBI CORN IPO allotment will be finalized on June 5, 2024 and the IPO listing on June 7, 2024 .
| IPO Open Date: | May 31, 2024 |
| IPO Close Date: | June 4, 2024 |
| Basis of Allotment: | June 5, 2024 |
| Refunds: | June 6, 2024 |
| Credit to Demat Account: | June 6, 2024 |
| IPO Listing Date: | June 7, 2024 |
TBI CORN Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹66.96 | ₹67.49 | ₹0.24 |
| 2022 | ₹100.29 | ₹100.47 | ₹0.45 |
| 2023 | ₹139.30 | ₹131.14 | ₹6.86 |
TBI CORN IPO Valuation
Below is the financial details of TBI CORN for the year FY2023.
| Earning Per Share (EPS): | ₹11,365.72 per Equity Share |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 37.97% |
| Debt/Equity: | ₹29,933.17 per Equity Share |
Company Promoters:
- Mr. Yogesh Laxman Rajhans
Competitor Companies:
- NA
TBI CORN IPO Registrar
KFin Technologies Limited
Tel: +91 40 671200 2222
E-mail: tbi.ipo@kfintech.com
Website: www.kfintech.com
TBI CORN IPO Lead Managers
- Swastika Investmart Limited
TBI CORN IPO Allotment Status Check
Allotment status of TBI CORN IPO can be checked on KFin Technologies website : Click here
Company Address of TBI CORN :
Company Address
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli 416 410, Maharashtra, India
Phone: (0233) 2644950
E-mail: cs@tbicorn.com
Website: www.tbicorn.com
TBI CORN IPO FAQs
Q1) What is TBI CORN IPO?
Answer: TBI CORN IPO is Initial Public Offer from TBI CORN company. The company is planning to raise ₹44.90 Crores via this IPO. The share price is priced at band of ₹90 to ₹94 per equity share. The IPO will be listed on BSE & NSE.
Q2) When TBI CORN IPO will open and close?
Answer: The IPO is to open on May 31, 2024 for QIB, NII, and Retail Investors and closes on June 4, 2024
Q3) What is TBI CORN IPO Investors Portion?
Answer: The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4) What is the TBI CORN IPO Allotment Date?
Answer: TBI CORN IPO allotment date is June 5, 2024.
Q5) What is the TBI CORN IPO Listing Date?
Answer: TBI CORN IPO listing date is June 7, 2024. The IPO is to list on BSE and NSE.
Q6) How to Apply the TBI CORN IPO through Zerodha?
Answer: You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “TBI CORN ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.