TBI Corn Limited IPO

TBI Corn Limited IPO Detail

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)

TBI Corn Limited IPO Details
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
TBI Corn Limited IPO Reservation

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%)
TBI Corn Limited IPO Subscription Status (Bid Detail) Live Subscription
TBI Corn Limited IPO Subscription Status Live
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

* The total sum is computed according to either the final issue price or the upper price range.
** The allocation for anchor investors (or market makers) is excluded from the total shares offered.
*** Shares Offered" and "Total Amount" are determined using the upper end of the issue price range.
TBI Corn Limited IPO GMP
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 Timeline (Tentative Schedule)

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
TBI Corn Limited IPO Lot Size Lot Size Calculator

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
TBI Corn Limited IPO Promoter Holding

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%
About TBI Corn Limited IPO

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

Objects of the TBI Corn Limited IPO

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  • Expansion of Existing Unit;
  • To Meet Incremental Working Capital Requirement;
  • General Corporate Purpose
TBI Corn Limited IPO Prospectus
Contact Details

TBI Corn Limited
A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410
Phone: (0233) 2644950

TBI Corn Limited IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

TBI Corn Limited IPO Listing Details
Listing Date June 7, 2024
Final Issue Price ₹ 94 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information View IPO Performance
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.