TBI Corn IPO GMP, Review, Price, Allotment

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Last updated on June 7, 2024

TBI Corn IPO GMP

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.

TBI Corn

Promoters of TBI Corn – Mr. Yogesh Laxman Rajhans


TBI Corn IPO Details

TBI Corn IPO Dates31 May – 4 June 2024
TBI Corn Issue PriceINR 90 – 94 per share
Fresh issue47,80,800 shares (INR 43.03 – 44.94 crore)
Offer For SaleNIL
Total IPO size47,80,800 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 Allocation35%
Listing OnNSE EMERGE

TBI Corn Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue66.96100.29139.30101.05
Expenses67.49100.47131.1491.72
Net income0.240.456.867.66
Figures in INR Crores unless specified otherwise

TBI Corn Offer News


TBI Corn Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.180.345.13
PE ratio17.55 – 18.33
NAV3.835.1112.54

FY 2021FY 20221 Apr – 21 Jun 2022*22 Jun 2022 – 31 Mar 2023*
RONW (%)4.676.614.8937.97
ROCE (%)9.0513.195.9834.97
EBITDA (%)3.743.134.769.85
Debt/Equity 2.871.570.870.83
*Compiled by IPO Central from Prospectus
*Not Annualized

TBI Corn IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
6 June 20245042,000
5 June 20245042,000
4 June 20248577,000
3 June 20248273,700
31 May 20247566,500
30 May 20245048,500

TBI Corn IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered9,08,8006,81,60015,92,00031,82,400
4 Jun 202481.41516.85194.59231.29
3 Jun 20240.2348.7088.1354.58
31 May 20240.026.7113.278.08

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 Date31 May 2024
IPO Closing Date4 June 2024
Finalization of Basis of Allotment5 June 2024
Initiation of refunds6 June 2024
Transfer of shares to demat accounts6 June 2024
TBI Corn IPO Listing Date7 June 2024
Opening Price on NSE SMEINR 198 per share (up 110.64%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: 91 40 6716 2222
E-mail: [email protected]
Website: 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.

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