TBI Corn Company, an ISO 9001:2015 and ISO 22000:2018 qualified corporate, is a distinguished participant within the corn milling trade. Located within the Sangli district of Maharashtra, India, they specialize within the manufacturing of top quality Corn / Maize Grits and comparable merchandise. They named their mission “The Best India” with the imaginative and prescient of shining as an emblem of gorgeous India. The Company gives a various vary of goods, together with wiped clean and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured with out chemical components or preservatives and GMO-free.
Apart from ISO certifications, they dangle certificate from MSME, APEDA, and are each Indian Organic and USDA Organic qualified. They have effectively expanded into global markets, serving international locations within the Gulf, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and shortly, Europe and the USA.
They have expanded to more than one gadgets in MIDC Miraj, occupying a complete space of 15,812 SQMT (1,70,200 Sq. toes.) and provided with trendy equipment. Their merchandise have a world presence, together with UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to mission into Europe and the USA. They proudly provide to famend corporations throughout India. Their merchandise cater to the wishes of corn starch and livestock feed industries, with possible growth on this sector. They have devoted groups for analysis and construction, making sure steady innovation and strategic expansion. The Company is a depended on title within the corn milling trade, identified for its dedication to high quality, innovation, and global excellence. With their increasing succeed in and unwavering willpower, they target to proceed offering just right high quality corn merchandise to consumers international.
Objects of the Issue:
- Expansion of Existing Unit;
- To Meet Incremental Working Capital Requirement;
- General Corporate Purpose.
TBI Corn IPO Review
TBI Corn IPO Date & Price Band Details
| IPO Open: | May 31, 2024 |
| IPO Close: | June 4, 2024 |
| IPO Size: | Approx ₹45 to ₹47 Crores, 50,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to 94 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the online be offering |
| QIB Quota: | 50% of the online be offering |
| NII Quota: | 15% of the online be offering |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
TBI Corn IPO Market Lot
The TBI Corn IPO minimal marketplace lot is 1200 stocks with a ₹112,800 utility quantity.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 2400 | ₹225,600 |
TBI Corn IPO Dates
The TBI Corn IPO date is May 31 and the IPO shut date is June 4. The IPO allotment date is June 2024 and the IPO may checklist on June 2024.
| IPO Open Date: | May 31, 2024 |
| IPO Close Date: | June 4, 2024 |
| Basis of Allotment: | June 2024 |
| Refunds: | June 2024 |
| Credit to Demat Account: | June 2024 |
| IPO Listing Date: | June 2024 |
You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.
TBI Corn IPO Form
How to use TBI Corn IPO? You can practice TBI Corn IPO by way of ASBA to be had for your checking account. Just cross to the web financial institution login and practice by way of your checking account by means of deciding on the TBI Corn IPO within the Invest phase. The different possibility you’ll be able to practice TBI Corn IPO by way of IPO paperwork obtain by way of the NSE website online. Check out the TBI Corn paperwork – click on NSE IPO Forms obtain, fill and put up for your financial institution or along with your dealer.
TBI Corn Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹66.96 | ₹67.49 | ₹0.24 |
| 2022 | ₹100.29 | ₹100.47 | ₹0.45 |
| 2023 | ₹139.30 | ₹131.14 | ₹6.86 |
| March 2024 | ₹70.34 | ₹62.30 | ₹6.67 |
TBI Corn IPO Valuation – FY2023
Check TBI Corn IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
| Earning Per Share (EPS): | ₹11,365.72 in line with Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 37.97% |
| Net Asset Value (NAV): | ₹29,933.17 in line with Equity Share |
Peer Group
- Mr. Yogesh Laxman Rajhans
TBI Corn IPO Registrar
KFin Technologies Limited
Phone: 91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
TBI Corn IPO Allotment Status
Check TBI Corn IPO allotment standing on KFin Technologies website online URL. Click Here
TBI Corn IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli 416 410, Maharashtra, India
Phone: (0233) 2644950
Email: [email protected]
Website: www.tbicorn.com
TBI Corn IPO FAQs
What is TBI Corn IPO?
TBI Corn IPO is an NSE SME IPO. They are going to carry ₹45 to ₹47 Crores by way of IPO. The factor is priced at ₹90 to ₹94 in line with fairness percentage. The IPO is to be indexed on NSE.
When TBI Corn IPO will open?
What is TBI Corn IPO Investors Portion?
How to Apply the TBI Corn IPO?
How to Apply the TBI Corn IPO thru Zerodha?
How to Apply the TBI Corn IPO thru Upstox?
How to Apply the TBI Corn IPO thru Paytm Money?
What is TBI Corn IPO Size?
What is TBI Corn IPO Price Band?
TBI Corn IPO Price Band is ₹90 to ₹94 in line with fairness percentage.
What is TBI Corn IPO Minimum and Maximum Lot Size?
What is TBI Corn IPO Allotment Date?
What is TBI Corn IPO Listing Date?
Note: The TBI Corn IPO main points are introduced formally. The IPO gray marketplace top class (TBI Corn IPO Premium) is up to date at the respective web page. You can take a look at our IPO gray marketplace web page for day by day updates.
– Source : IPOWATCH