TBI Corn IPO Subscription Status: TBI Corn IPO is Open on May 31, 2024 and Close on June 4, 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.
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%.
TBI Corn IPO is an SME IPO and Listed on NSE SME. TBI Corn IPO Price Band is Fixed at ₹90 to ₹94 Equity Share. TBI Corn IPO Lot Size is 1200 Shares.
About TBI Corn IPO :
- 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.
- 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 Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 9,08,800 | 7,39,83,600 | 81.41 |
| Non Institutional Buyers (NIIs) | 6,81,600 | 35,20,44,000 | 516.84 |
| Retail Individual Buyers (RIIs) | 5,92,000 | 30,97,86,000 | 522.96 |
| Anchor Investor | 13,58,400 | 13,58,400 | 1 |
| Market Maker | 2,40,000 | 2,40,000 | 1 |
| Total | 31,82,400 | 73,58,13,600 | 337.18 |
TBI Corn Subscription Status day-by-day-
| Categories | 31 May | 3 June | 4 June |
|---|---|---|---|
| QIB | 0.02 | 0.23 | 81.41 |
| NII | 6.82 | 48.69 | 516.50 |
| RII | 37.14 | 236.53 | 523.29 |
| Total | 8.37 | 79.46 | 231.21 |
TBI Corn Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
TBI Corn Review From MoneyMintIdea –
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