TBI Corn Limited IPO (TBI Corn IPO)

TBI Corn Limited IPO
Upcoming TBI Corn IPO | New TBI Corn IPO

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 Date31 May 2024
IPO Closing Date04 June 2024
Issue TypeBook Built Issue IPO
Issue Size47,80,851 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

TBI Corn IPO – Date Schedule

IPO Open Date31 May 2024
IPO Close Date04 June 2024
Basis of Allotment05 June 2024
Initiation of Refund06 June 2024
Credit of Shares to Demat Account06 June 2024
IPO Listing Date07 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 04, 2024

TBI Corn IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,12,800
Retail (Maximum)11200₹1,12,800
HNI (Minimum)22400₹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.
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202167.7667.490.2323.00
31 March 2022100.97100.460.4525.49
31 March 2023140.42131.136.8663.52
30 September 202371.2062.296.6651.40
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)
EPS (Rs)
P/E (x)

TBI Corn IPO Promoter Holding

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

TBI Corn IPO Prospectus

Company Contact Information

TBI Corn Limited

A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410

Phone: (0233) 2644950
Email: cs@tbicorn.com

TBI Corn IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: tbi.ipo@kfintech.com

TBI Corn IPO Lead Manager(s)

1. Swastika Investmart Ltd
2. Ekadrisht Capital Private Limited


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.
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