TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified.
The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.
The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger. All products are made without chemical additives or preservatives and are GMO-free.
The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.
As of 31st December 2023, the company has a total of 48 employees.
TBI Corn IPO – Details
| IPO Opening Date | 31 May 2024 |
| IPO Closing Date | 04 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 47,80,851 Shares Worth ₹44.94 Crore Fresh Issue: 47,80,851 Shares Worth ₹44.94 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 – ₹94 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
TBI Corn IPO – Date Schedule
| IPO Open Date | 31 May 2024 |
| IPO Close Date | 04 June 2024 |
| Basis of Allotment | 05 June 2024 |
| Initiation of Refund | 06 June 2024 |
| Credit of Shares to Demat Account | 06 June 2024 |
| IPO Listing Date | 07 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 04, 2024 |
TBI Corn IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,12,800 |
| Retail (Maximum) | 1 | 1200 | ₹1,12,800 |
| HNI (Minimum) | 2 | 2400 | ₹2,25,600 |
Competitive Strengths
- Enduring Values of the company & Management Team;
- Integrity;
- Customer Focus;
- Innovation;
- Teamwork;
- Respect for Individuals;
- Accountability;
- Strong Statutory compliance policies.
Company Promoters
- Mr. Yogesh Laxman Rajhans
- Mrs. Asha Laxman Rajhans
Object Of The Issue
- Expansion of Existing Unit;
- To Meet Incremental Working Capital Requirement;
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 67.76 | 67.49 | 0.23 | 23.00 |
| 31 March 2022 | 100.97 | 100.46 | 0.45 | 25.49 |
| 31 March 2023 | 140.42 | 131.13 | 6.86 | 63.52 |
| 30 September 2023 | 71.20 | 62.29 | 6.66 | 51.40 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| P/BV | – |
| PAT Margin (%) | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
TBI Corn IPO Promoter Holding
| Pre Issue Share Holding | 76.65% |
| Post Issue Share Holding | 57.71% |
TBI Corn IPO Prospectus
- TBI Corn IPO DRHP
- TBI Corn IPO RHP
Company Contact Information
| TBI Corn Limited A5/3 & A5/4, MIDC, Miraj, Tal- Miraj Dist- Sangli 416410 Phone: (0233) 2644950 Email: cs@tbicorn.com Website: https://tbicorn.com/ |
TBI Corn IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: tbi.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
TBI Corn IPO Lead Manager(s)
| 1. Swastika Investmart Ltd 2. Ekadrisht Capital Private Limited |
TBI Corn IPO FAQs
| What is TBI Corn IPO? TBI Corn IPO is a SME IPO. The issue is priced at ₹90 – ₹94 per equity share. The IPO is to be listed on NSE SME. |
| When TBI Corn IPO will open? The IPO is to open on 31 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to TBI Corn IPO? You can apply for TBI Corn IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the TBI Corn IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TBI Corn”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the TBI Corn IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TBI Corn”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is TBI Corn IPO Size? TBI Corn IPO size is ₹44.94 crores. |
| What is TBI Corn IPO Price Band? TBI Corn IPO Price Band is ₹90 – ₹94. |
| What is TBI Corn IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,12,800 amount while the maximum bid is 1200 shares with ₹1,12,800. |
| What is the TBI Corn IPO Allotment Date? TBI Corn IPO allotment date is 05 June 2024. |
| What is the TBI Corn IPO Listing Date? TBI Corn IPO listing date is 07 June 2024. The IPO is to list on NSE SME. |
