TBI Corn IPO Date, Review, Price, Allotment Details

TBI Corn IPO Details: TBI Corn IPO date is fixed, The IPO will open on May 31 and will close on June 4. TBI Corn is a NSE SME IPO to raise ₹44.9 crores via IPO. The TBI Corn IPO price band is fixed at ₹90 to ₹94 with a market lot of 1200 shares.

TBI Corn IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹112,800
Retail Maximum11200₹112,800
S-HNI Minimum22400₹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
YearRevenueExpensePAT
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

TBI Corn IPO FAQs


What is TBI Corn IPO?

TBI Corn IPO is an NSE SME IPO. They are going to raise ₹44.94 Crores via IPO. The issue is priced at ₹90 to ₹94 per equity share. The IPO is to be listed on NSE.

When TBI Corn IPO will open?

The IPO is to open on May 31, 2024 for QIB, NII, and Retail Investors.

What is TBI Corn IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the TBI Corn IPO?

You can apply TBI Corn IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the TBI Corn IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “TBI Corn”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the TBI Corn IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “TBI Corn”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the TBI Corn IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “TBI Corn”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is TBI Corn IPO Size?

TBI Corn IPO size is ₹44.94 crores.

What is TBI Corn IPO Price Band?

TBI Corn IPO Price Band is ₹90 to ₹94 per equity share.

What is TBI Corn IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹112,800.

What is TBI Corn IPO Allotment Date?

TBI Corn IPO allotment date is June 5, 2024.

What is TBI Corn IPO Listing Date?

TBI Corn IPO listing date is June 7, 2024. The IPO to list on NSE SME.

Note: The TBI Corn IPO details are announced officially. The IPO grey market premium (TBI Corn IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    OPEN DEMAT ACCOUNT