TBI Corn IPO description – TBI Corn is a leading corn milling company with ISO 9001:2015 and ISO 22000:2018 certifications. Based in the Sangli district of Maharashtra, the company focuses on producing top-quality corn/maize grits and related products. The company provides various products such as clean, fat-free corn grits/meal, corn flakes, stone-free broken maize, corn flour, and turmeric finger. All products are manufactured without chemical additives, preservatives, or GMOs.
In addition to its ISO certifications, TBI Corn is certified by MSME and APEDA, and it holds both Indian Organic and USDA Organic certifications. The company has expanded into international markets, supplying products to the Gulf countries, UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea. It plans to extend its reach to Europe and the US shortly.
As of 30 January 2024, the company employs 49 full-time staff members, including key managerial personnel.
Promoters of TBI Corn – Mr. Yogesh Laxman Rajhans
Table of Contents
TBI Corn IPO Details
| TBI Corn IPO Dates | 31 May – 4 June 2024 |
| TBI Corn Issue Price | INR 90 – 94 per share |
| Fresh issue | 47,80,800 shares (INR 43.03 – 44.94 crore) |
| Offer For Sale | NIL |
| Total IPO size | 47,80,800 shares (INR 43.03 – 44.94 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,12,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
TBI Corn Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 66.96 | 100.29 | 139.30 | 101.05 |
| Expenses | 67.49 | 100.47 | 131.14 | 91.72 |
| Net income | 0.24 | 0.45 | 6.86 | 7.66 |
TBI Corn Offer News
- TBI Corn RHP
- TBI Corn Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
TBI Corn Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.18 | 0.34 | 5.13 |
| PE ratio | – | – | 17.55 – 18.33 |
| NAV | 3.83 | 5.11 | 12.54 |
| FY 2021 | FY 2022 | 1 Apr – 21 Jun 2022* | 22 Jun 2022 – 31 Mar 2023* | |
| RONW (%) | 4.67 | 6.61 | 4.89 | 37.97 |
| ROCE (%) | 9.05 | 13.19 | 5.98 | 34.97 |
| EBITDA (%) | 3.74 | 3.13 | 4.76 | 9.85 |
| Debt/Equity | 2.87 | 1.57 | 0.87 | 0.83 |
*Not Annualized
TBI Corn IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 6 June 2024 | 50 | – | 42,000 |
| 5 June 2024 | 50 | – | 42,000 |
| 4 June 2024 | 85 | – | 77,000 |
| 3 June 2024 | 82 | – | 73,700 |
| 31 May 2024 | 75 | – | 66,500 |
| 30 May 2024 | 50 | – | 48,500 |
TBI Corn IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,08,800 | 6,81,600 | 15,92,000 | 31,82,400 |
| 4 Jun 2024 | 81.41 | 516.85 | 194.59 | 231.29 |
| 3 Jun 2024 | 0.23 | 48.70 | 88.13 | 54.58 |
| 31 May 2024 | 0.02 | 6.71 | 13.27 | 8.08 |
The market maker reservation portion of 2,40,000 shares is not included in the above calculations.
TBI Corn IPO Allotment Status
TBI Corn IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
TBI Corn IPO Dates & Listing Performance
| IPO Opening Date | 31 May 2024 |
| IPO Closing Date | 4 June 2024 |
| Finalization of Basis of Allotment | 5 June 2024 |
| Initiation of refunds | 6 June 2024 |
| Transfer of shares to demat accounts | 6 June 2024 |
| TBI Corn IPO Listing Date | 7 June 2024 |
| Opening Price on NSE SME | INR 198 per share (up 110.64%) |
| Closing Price on NSE SME | INR 207.90 per share (up 121.17%) |
TBI Corn Offer Lead Manager
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email:Â [email protected]
Website:Â www.swastika.co.in
TBI Corn Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â 91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
TBI IPO Contact Details
TBI CORN LIMITED
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli 416 410, Maharashtra, India
Phone: (0233) 2644950
E-mail: [email protected]
Website: www.tbicorn.com
IPO FAQs
What is the TBI Corn offer size?
TBI Corn’s offer size is INR 43.03 – 44.94 crores.
What is the TBI Corn offer price band?
TBI Corn’s public offer price is INR 90 – 94 per share.
What is the lot size of the TBI Corn IPO?
TBI Corn’s offer lot size is 1,200 shares.
What is TBI Corn IPO GMP today?
TBI Corn IPO GMP today is INR 50 per share.
What is the TBI Corn kostak rate today?
TBI Corn kostak rate today is INR NA per application.
What is TBI Corn Subject to the Sauda rate today?
TBI Corn is Subject to the Sauda rate today is INR 42,000 per application.
