TBI Corn Limited
Book Built Issue IPO · NSE
- Price band
- ₹90 - ₹94
- Lot size
- 1,200 shares
- Issue amount
- ₹44.94 cr
- Total subscription
- 231.29×
- Opens
- 31 May 2024
- Closes
- 4 Jun 2024
- Allotment
- 5 Jun 2024
- Listing
- 7 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 47,80,800 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹44.94 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,12,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,33,77,605
- Shares after issue
- 1,81,58,405
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 0 | 1,200 | ₹1,12,800 |
| HNI | 2 | 2,400 | ₹2,25,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.54 | 695.45 |
| RETAIL | 14.96 | 2,912 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.13 | 0 | 0 |
| ROE | 18.84 | 37.79 | 4.89 |
| ROCE | 18.65 | 25.14 | 3.47 |
| RONW | 18.84 | 37.97 | 4.89 |
| PRE IPO(PE) | 0.4 | 0 | 0 |
| POST IPO(PE) | 18.33 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2000, TBI Corn Limited is a trusted manufacturer and exporter of premium Corn Meal Grits based in Sangli, Maharashtra. The company holds ISO 9001:2015 and ISO 22000:2018 certifications, ensuring top-notch quality and food safety. TBI Corn offers a wide range of products like fat-free corn grits, corn flakes, broken maize, corn flour, and turmeric fingers, all made without chemicals or preservatives — and 100% GMO-free. The company exports its products to countries like Dubai, Oman, Jordan, South Africa, and Vietnam. With a dedicated team of 48 employees as of December 31, 2023, TBI Corn Limited continues to maintain its reputation for quality and excellence in the global market.
Strengths
- Strong Values and Integrity: TBI Corn Limited follows honest and ethical business practices, building trust and long-lasting relationships with stakeholders.
- Customer First Approach: The company always puts customers at the center, striving to meet their needs and deliver satisfaction, creating long-term partnerships.
- Certified Quality Assurance: With ISO 9001:2015 and ISO 22000:2018 certifications, the company ensures top-quality products and safety standards, strengthening its reputation in the market.
Risk factors
- Dependency on Key Customers: The company earns a big chunk of its revenue from a few important customers. If any of these major clients stop doing business, it could badly affect the company's growth and operations.
- Legal Proceedings: The company, its promoters, directors, and group companies are involved in some legal cases. If the decisions go against them, it could lead to penalties or losses, which may harm the company's business.
- Geographical Dependence: The company mainly operates in a few key states. If anything negative happens in these regions, like lower demand or business loss, it could seriously impact the company's profits and operations.
Promoters
Mr. Yogesh Laxman Rajhans
Mrs. Asha Laxman Rajhans
Registrar & documents
Lead manager
Swastika Investmart Limited, Ekadrisht Capital Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj Dist- Sangli 416410
0233 2644950
[email protected]Company website ↗Understanding TBI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.