TBI Corn IPO opens for subscription on May 31, 2024 and closes on June 4, 2024. The allotment for the TBI Corn IPO is expected to be finalized on Wednesday, June 5, 2024. TBI Corn IPO will list on NSE SME with tentative listing date fixed as Friday, June 7, 2024.
IPO Size: 4,780,800 shares (44.94 Cr) Fresh Issue: 4,780,800 shares (44.94 Cr) Subscription Dates: May 31, 2024 to June 4, 2024 Expected Allotment: Wednesday, June 5, 2024 Listing Date (Tentative): June 7, 2024 Price Band: ₹90 to ₹94 per share Retail Investors: ₹.112,800 (1200 shares) Small HNI : ₹.225,600(2 lots, 2400 shares) Big HNI : ₹.1,015,200(9 lots, 10800 shares)
| IPO Date | May 31, 2024 to June 4, 2024 |
| Listing Date | June 7, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,780,800 shares (aggregating up to ₹44.94 Cr) |
| Fresh Issue | 4,780,800 (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 | 18,158,405 |
| Market Maker Portion | 240,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,390,400 (50%) |
| NII (HNI) Shares Offered | 717,120 (15%) |
| Retail Shares Offered | 1,673,280 (35%) |
| Total Shares Offered | 4,780,800 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 2,390,400 | |||
| Non-Institutional Buyers | 717,120 | |||
| Retail Investors | 1,673,280 | |||
| Total | 4,063,680 | 0 | 0.00 | 0.00 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-05-2024 | ₹94 | ₹0 | ₹94 (0.00%) | 29-05-2024 11:05 |
| 28-05-2024 | ₹94 | ₹0 | ₹94 (0.00%) | 28-05-2024 01:05 |
| 27-05-2024 | ₹94 | ₹0 | ₹94 (0.00%) | 27-05-2024 11:05 |
TBI Corn Limited IPO opens on May 31, 2024 and closes on June 4, 2024.
| 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 | 05:00 pm, June 4, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹ 112,800 |
| Retail (Max) | 1 | 1200 | ₹ 112,800 |
| HNI (Min) | 2 | 2400 | ₹ 225,600 |
The promoters of the company are Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans.
| Share Holding Pre Issue | 76.65% |
| Share Holding Post Issue | 57.71% |
Incorporated in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified.
The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.
The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.
All products are made without chemical additives or preservatives and are GMO-free.
The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.
As of 31st December 2023, the company has a total of 48 employees
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
TBI Corn Limited
A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410
Phone: (0233) 2644950
Email: cs@tbicorn.com
Website: https://tbicorn.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: tbi.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
| Listing Date | June 7, 2024 |
| Final Issue Price | ₹ 94 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 94 | ₹ 94 |
TBI Corn Limited IPO is a main-board FPO of 4,780,800 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 44.94 Crores. The issue is priced at ₹90 to ₹94 per share. The minimum order quantity is 1200 Shares.
The TBI Corn Limited IPO opens on May 31, 2024 and closes on June 4, 2024.
Retail Investors: ₹.112,800 (1200 shares) Small HNI : ₹.225,600(2 lots, 2400 shares) Big HNI : ₹.1,015,200(9 lots, 10800 shares)
The finalization of Basis of Allotment for TBI Corn Limited 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. Check the TBI Corn Limited IPO allotment status.