TBI Corn Limited IPO
- IPO Date31 May, 2024 to 04 Jun, 2024
- Listing Date07 Jun, 2024
- Face Value₹10 per share
- Issue Price₹90 to ₹94 per share
- Lot Size1200 Shares
- Minimum Investment₹1,12,800
- Listing AtNSE SME
- Total Issue Size47,80,800 Shares
(aggregating up to ₹44.94 Cr) - Fresh Issue47,80,800 Shares
(aggregating up to ₹44.94 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,33,77,605
- Shareholding post issue1,81,58,405
IPO Dates
Closing Date
04 Jun, 2024
Initiation of Refunds
06 Jun, 2024
Listing Date
07 Jun, 2024
31 May, 2024
Opening Date
05 Jun, 2024
Basis of Allotment
06 Jun, 2024
Credit of Shares
TBI Corn Limited Lot Size
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 |
|---|---|---|---|
| S-HNI (Min) | 2 | 2400 | ₹2,25,600 |
| Retail (Max) | 1 | 1200 | ₹1,12,800 |
| Retail (Min) | 1 | 1200 | ₹1,12,800 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
TBI Corn Limited Promoter Holding
The promoters of the company are Mr. Yogesh Laxman Rajhans and Mrs. Asha Laxman Rajhans.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 76.65% | 57.71% |
TBI Corn Limited COMPANY INFORMATION
TBI Corn IPO is a book built issue of Rs 44.94 crores. The issue is entirely a fresh issue of 47.81 lakh shares. TBI Corn IPO bidding started from May 31, 2024 and ended on June 4, 2024. The allotment for TBI Corn IPO was finalized on Wednesday, June 5, 2024. TBI Corn IPO will list on NSE SME with tentative listing date fixed as Friday, June 7, 2024. TBI Corn IPO price band is set at ₹90 to ₹94 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹112,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹225,600. Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the book running lead managers of the TBI Corn IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for TBI Corn IPO is Ss Corporate Securities. Refer to TBI Corn IPO RHP for detailed information.
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
FAQs About Tbi Corn Limited Ipo
TBI Corn Limited IPO will open on 31 May, 2024 and close on 04 Jun, 2024. Investors must apply within this period to participate.
The TBI Corn Limited IPO price band is set between ₹90.00 and ₹94.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹112800.00.
The TBI Corn Limited IPO shares are expected to be listed on 07 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your TBI Corn Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The TBI Corn Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.