The TBI Corn date has been confirmed from May 31, 2024 and closes on June 4, 2024. Read the post to learn about TBI Corn IPO GMP.
TBI Corn IPO is a fixed price issue of Rs 44.94 crores. The price band is set at ₹90 to ₹94 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹112,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹225,600.
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Key Details Of TBI Corn IPO
Bidding Dates
May 31-June 4
Price Range
₹90 to ₹94 per share
Face Value
₹10 per share
GMP
₹71
TBI Corn IPO GMP
The TBI Corn IPO GMP is ₹71.
IPO Overview
TBI Corn IPO is a book-built issuance worth Rs 44.94 crore. The issue is wholly new, with 47.81 lakh shares issued. TBI Corn’s initial public offering (IPO) will begin on May 31, 2024 and end on June 4, 2024. The allotment for the TBI Corn IPO is planned to be completed on Wednesday, June 5, 2024. The Company IPO will list on NSE SME, with a tentative listing date of Friday, June 7, 2024.
Its IPO price range is set at 90 to 94 per share. The minimum lot size for an application is 1200 shares. The minimum investment for retail investors is ₹112,800. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹225,600.
TBI Corn IPO Details
| IPO Date | May 31, 2024 to June 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹94 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,780,851 shares (aggregating up to ₹44.94 Cr) |
| Fresh Issue | 4,780,851 shares (aggregating up to ₹44.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,377,605 |
| Share holding post issue | 18,158,456 |
TBI Corn Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,963.40 | 12,162.04 | 4,317.63 | 4,254.86 |
| Revenue | 7,120.28 | 14,042.63 | 10,097.26 | 6,776.38 |
| Profit After Tax | 666.75 | 686.09 | 45.16 | 23.93 |
| Net Worth | 3,964.81 | 2,677.81 | 683.24 | 512.42 |
| Reserves and Surplus | 2,627.05 | 1,677.49 | ||
| Total Borrowing | 5,140.73 | 6,352.82 | 2,549.48 | 2,300.94 |
| Amount in ₹ Lakhs | ||||
TBI Corn IPO Timeline
| IPO Open Date | Friday, May 31, 2024 |
| IPO Close Date | Tuesday, June 4, 2024 |
| Basis of Allotment | Wednesday, June 5, 2024 |
| Initiation of Refunds | Thursday, June 6, 2024 |
| Credit of Shares to Demat | Thursday, June 6, 2024 |
| Listing Date | Friday, June 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2024 |
Company Profile
TBI Corn Limited, established in 2000, is a manufacturer and exporter of Corn Meal Grits. The company is ISO 9001:2015 and 22000:2018 certified. In the Sangli area of Maharashtra, India, the company produces high-quality corn/maize grits and related items. The company offers a variety of products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger. All goods contain no chemical additions or preservatives and are GMO-free. The company exports to a variety of nations, including Dubai, Oman, Jordan,
South Africa, and Vietnam. As of December 31, 2023, the company had a total of 48 employees.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | TBI Corn Limited |
| Phone number | (0233) 2644950 |
| Email ID | [email protected] |
| Website | tbicorn.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
TBI Corn IPO FAQs
When TBI Corn IPO will open?
The TBI Corn IPO opens on May 31, 2024 and closes on June 4, 2024.
What is the lot size of TBI Corn IPO?
TBI Corn IPO lot size is 1200 Shares, and the minimum amount required is ₹112,800.
When is TBI Corn IPO allotment?
The finalization of Basis of Allotment for TBI Corn IPO will be done on Wednesday, June 5, 2024, and the allotted shares will be credited to your demat account by Thursday, June 6, 2024.
When is TBI Corn IPO listing date?
The TBI Corn IPO listing date is not yet announced. The tentative date of TBI Corn IPO listing is Friday, June 7, 2024.
