TBI Corn Company, an ISO 9001:2015 and ISO 22000:2018 certified company, is a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, they specialize in the production of high-quality Corn / Maize Grits and related products. They named their venture “The Best India” with the vision of shining as a symbol of beautiful India. The Company offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free.
Apart from ISO certifications, they hold certificates from MSME, APEDA, and are both Indian Organic and USDA Organic certified. They have successfully expanded into international markets, serving countries in the Gulf, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and soon, Europe and the US.
They have expanded to multiple units in MIDC Miraj, occupying a total area of 15,812 SQMT (1,70,200 Sq. ft.) and equipped with modern machinery. Their products have a global presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to venture into Europe and the US. They proudly supply to renowned companies across India. Their products cater to the needs of corn starch and cattle feed industries, with potential expansion in this sector. They have dedicated teams for research and development, ensuring continuous innovation and strategic growth. The Company is a trusted name in the corn milling industry, known for its commitment to quality, innovation, and international excellence. With their expanding reach and unwavering dedication, they aim to continue providing good quality corn products to customers worldwide.
Objects of the Issue:
- Expansion of Existing Unit;
- To Meet Incremental Working Capital Requirement;
- General Corporate Purpose.
TBI Corn IPO Review
- To be updated soon
TBI Corn IPO Date & Price Band Details
| IPO Open: | May 31, 2024 |
| IPO Close: | June 4, 2024 |
| IPO Size: | Approx ₹44.9 Crores, 4,780,851 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to 94 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
TBI Corn IPO Market Lot
The TBI Corn IPO minimum market lot is 1200 shares with a ₹112,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 2400 | ₹225,600 |
TBI Corn IPO Dates
The TBI Corn IPO date is May 31 and the IPO close date is June 4. The IPO allotment date is June 5 and the IPO might list on June 7.
| IPO Open Date: | May 31, 2024 |
| IPO Close Date: | June 4, 2024 |
| Basis of Allotment: | June 5, 2024 |
| Refunds: | June 6, 2024 |
| Credit to Demat Account: | June 6, 2024 |
| IPO Listing Date: | June 7, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
TBI Corn IPO Form
How to apply TBI Corn IPO? You can apply TBI Corn IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the TBI Corn IPO in the Invest section. The other option you can apply TBI Corn IPO via IPO forms download via the NSE website. Check out the TBI Corn forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
TBI Corn Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹66.96 | ₹67.49 | ₹0.24 |
| 2022 | ₹100.29 | ₹100.47 | ₹0.45 |
| 2023 | ₹139.30 | ₹131.14 | ₹6.86 |
| March 2024 | ₹70.34 | ₹62.30 | ₹6.67 |
TBI Corn IPO Valuation – FY2023
Check TBI Corn IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹11,365.72 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 37.97% |
| Net Asset Value (NAV): | ₹29,933.17 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Yogesh Laxman Rajhans
TBI Corn IPO Registrar
KFin Technologies Limited
Phone: 91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
TBI Corn IPO Allotment Status
Check TBI Corn IPO allotment status on KFin Technologies website URL. Click Here
TBI Corn IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj,
Dist- Sangli 416 410, Maharashtra, India
Phone: (0233) 2644950
E-mail: [email protected]
Website: www.tbicorn.com
