TBI Corn IPO Details Today, GMP Price, Date, Review

TBI Corn IPO Allotment Status Online

TBI Corn IPO Details Today : TBI Corn IPO is Open on 31 May 2024 and Close on 4 June 2024. TBI Corn IPO to Raise Approx ₹45 to ₹47 Crores, 50,00,000 Shares via IPO. The Fresh issue of Approx ₹45 to ₹47 Crores, 50,00,000 Shares.

 

TBI Corn offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes,Stone-free Broken Maize & Corn Flour and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. Our products play for crucial role in the breakfast cereal, snack, brewery, confectionery, bakery, and biscuit industries both in India & international market.

 

Apart from ISO certifications, we hold certificates from MSME, APEDA, and are both Indian Organic and USDA Organic certified. We have expanded to multiple units in MIDC Miraj, occupying a total area of 15,812 SQMT (1,70,200 Sq. ft.) and equipped with modern machinery.

 

TBI Corn products have a global presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and plans to venture into Europe and the US. Our products cater to the needs of corn starch and cattle feed industries, with potential expansion in this sector.

 

TBI Corn IPO Date & Price Band Details

IPO Open Date 31 May 2024
IPO Close Date 04 June 2024
IPO Size Approx ₹45 to ₹47 Crores, 50,00,000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹90 to ₹94 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

TBI Corn IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹112,800
Retail Maximum 1 1200 ₹112,800
S-HNI Minimum 2 2400 ₹225,600

 

Object of the Issue

  1.  Expansion of Existing Unit.
  2.  To Meet Incremental Working Capital Requirement.
  3.  General Corporate Purpose.

 

TBI Corn IPO Allotment & Listing Date (Details)

IPO Open Date 31 May 2024
IPO Close Date 4 June 2024
Basis of Allotment 5 June 2024
Refunds 6 June 2024
Credit to Demat Account 6 June 2024
IPO Listing Date 7 June 2024

 

TBI Corn Financial Reports

₹ in Crores
Year Revenue Expense PAT
Mar 2024 ₹70.34 ₹62.30 ₹6.67
2023 ₹139.30 ₹131.14 ₹6.86
2022 ₹100.29 ₹100.47 ₹0.45
2021 ₹66.96 ₹67.49 ₹0.24

 

Our Company Promoter

  1. Mr. Yogesh Laxman Rajhans

 

Qualitative Factors

  •  Enduring Values of the company & Management Team.
  •  Integrity.
  •  Customer Focus.
  •  Innovation.
  •  Teamwork.
  •  Respect for Individuals.
  •  Accountability.
  •  Strong Statutory compliance policies.

 

TBI Corn Company Contact Details

A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli, Maharashtra –
416410
Telephone No.: (0233) 2644950
Web site: www.tbicorn.com
E-Mail: investorrelations@tbicorn.com
Contact Person: Mr. Ninad Anand Yedurkar

 

TBI Corn IPO Registrar

KFIN TECHNOLOGIES LIMITED
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Email Id: tbi.ipo@kfintech.com
Investor Grievance Email Id: einward.ris@kfintech.com
Contact Person: Mr. M Murali Krishna
Website: www.kfintech.com

 

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