TBI Corn Limited IPO: All Important Points Discussed Here

TBI Corn IPO is open for subscription starting Friday, May 31, 2024, and closing on Tuesday, June 4, 2024. The price of this upcoming IPO is decided at Rs 90 to Rs 94 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,12,800 (94 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,25,600 (94 x 2400 shares). TBI Corn IPO is a fixed price issue of Rs 44.94 crores. This upcoming IPO is an entirely fresh issue of 47.81 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, June 5, 2024. TBI Corn IPO will be listed on NSE SME, and the listing date is fixed on Friday, June 7, 2024. The book-running lead manager of TBI Corn IPO is Swastika Investmart Limited and Ekadrishit Capital Private Limited. The registrar for this IPO is Kfin Technologies Limited.
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About TBI Corn Limited

TBI Corn Limited incorporated in 2000, is a manufacturer and exporter of Rs Corn Meal Grits. The company is specialised in producing high quality Corn/Maize Grits and related products in Sangli district of Maharashtra. TBI Corn various projects, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour and turmeric fabric. All the company’s products are without chemical additives and preservatives and are GMO free. The company exports its products to various countries – Dubai, Oman, Jordan, South Africa and Vietnam. Their products cater to the needs of corn starch and cattle feed industries, with potential expansion in the sector. They have a dedicated team for research and development, ensuring continuous innovation and strategic growth. TBI Corn is a trusted name in the corn milling industry, and it is known for its quality, innovation, and international excellence. The company is working to expand their reach and aims to provide good quality corn products to customers worldwide.

Objectives of TBI Corn Limited IPO

The net proceeds received from this initial public offer will be used to expand the existing manufacturing unit, meet day-to-day capital requirements, and fulfill general corporate purposes.

Financials of TBI Corn Limited (Amt in Rs Lakhs)

TBI Corn posted a revenue of Rs 7,120.28 lakhs and net profit of Rs 666.75 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 39.07% and PAT increased by 1,419.24% between the FY ending on 31 March 2023 and 31 March 2022.

Other Important Details of TBI Corn IPO

Time-Table of TBI Corn IPO

Lot Size of TBI Corn IPO

IPO Reservation of TBI Corn Limited

Promoters of TBI Corn Limited and Their Holdings

The promoters of TBI Corn company are Yogesh Laxman Rajhans and Asha Laxman Rajhans. 

Lead Manager(s) of TBI Corn IPO

The lead manager for TBI Corn IPO is Swastika Investmart Limited and Ekadrishit Capital Private Limited.

How do you apply for the TBI Corn IPO?

Wait for the public issue to open for subscription, then click here to apply for the TBI Corn Limited IPO with Bigul.

How do you check the allotment status of TBI Corn IPO?

The registrar for the TBI Corn IPO is Kfin Technologies Limited. To check your allotment status, please click here.

FAQs

1. What are the details of TBI Corn IPO?

TBI Corn IPO is a fixed price issue of Rs 44.94 crores. This upcoming IPO is an entirely fresh issue of 47.81 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, June 5, 2024.

2. Who are the lead managers for the TBI Corn Limited IPO?

Swastika Investmart Limited and Ekadrishit Capital Private Limited are appointed as the lead managers for the IPO.

3. What is the role of Maashitla Securities Private Limited in this IPO?

Kfin Technologies Limited is the registrar for TBI Corn Limited, handling the IPO's administrative aspects.

4. How can I apply for the TBI Corn IPO?

The public subscription of this new IPO will open on May 31, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised

The net proceeds received from this initial public offer will be used to expand the existing manufacturing unit, meet day-to-day capital requirements, and fulfill general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the TBI Corn Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of TBI Corn Limited?

TBI Corn posted a revenue of Rs 7,120.28 lakhs and net profit of Rs 666.75 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 39.07% and PAT increased by 1,419.24% between the FY ending on 31 March 2023 and 31 March 2022.

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