TBI Corn Limited

31 May 2024 - 04 Jun 2024 Individual Category SME NSE

Min Investment

₹112800

Price Band

₹90-₹94

Issue Size

34.22 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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31 May 2024

Open Date

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04 Jun 2024

Close Date

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05 Jun 2024

Allotment Date

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07 Jun 2024

Listing Date

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.

Founded

2000

Managing Director

Yogesh Laxman Rajhans

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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