Issue Price
₹90- ₹94
per equity share
Issue Size
34.22 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
TBI Corn Limited
Important Dates
IPO Open Date
31 May 2024
IPO Close Date
04 Jun 2024
Allotment Date
05 Jun 2024
Initiation of Refunds
06 Jun 2024
Credit of Shares to Demat Account
06 Jun 2024
IPO Listing Date
07 Jun 2024
UPI Mandate Expiry Date
04 Jun 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2000
Managing Director
Yogesh Laxman Rajhans
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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