TBI Corn IPO Details
| IPO Size | 44.94 |
| Price Range | ₹90 to ₹94 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹112,800 |
| Pre IPO Promotor Holding | 76.65% |
| Post IPO Promotor Holding | 57.71% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
TBI Corn IPO Timelines
31/05/2024
Start Date05/06/2024
End Date06/06/2024
Refund Initiation06/06/2024
Credit of Shares to Demat Ac07/06/2024
Listing DateTBI Corn IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 81.41 x | 516.50 x | 523.29 x | --- | 231.21 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹198 | ₹207.90 | ₹207.90 | ₹198 |
TBI Corn IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹66.96 | ₹67.49 | ₹0.24 |
| FY 2022 | ₹100.29 | ₹100.47 | ₹0.45 |
| FY 2023 | ₹139.30 | ₹131.14 | ₹6.86 |
| FY 2024 (Running) | ₹70.34 | ₹62.30 | ₹6.67 |
About Company
TBI Corn Limited, formerly known as “The Best India,” is a prominent player in the corn milling industry, known for its high-quality corn products such as maize grits, corn flour, and corn flakes. Established originally as a partnership firm in 2000 and later incorporated as a limited company in 2022, the company is based in Sangli, Maharashtra. It operates under the leadership of its promoter, Mr. Yogesh Laxman Rajhans, and has established a strong market presence both domestically and internationally.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2022 | FMCG | Yogesh Laxman Rajhans |
Know Before Investing
TBI Corn IPO Strengths
- TBI leverages over 25 years of industry expertise and state-of-the-art production facilities to ensure high-quality corn products, maintaining a strong market presence with increasing export sales trends.
- Located in Sangli, a major maize market, TBI benefits from access to high-quality corn and a deep understanding of market dynamics, enabling cost-efficient production and strong customer relationships.
TBI Corn IPO Risks
- Ongoing legal proceedings involving the company, its promoters, and directors, with potential liabilities totalling ₹147.70 lakhs, may lead to adverse financial and reputational impacts.
- The company’s domestic sales are highly dependent on five states, which accounted for over 93% of revenue from 2021 to 2023, posing a risk if sales in these states decline.
Swot Analysis for TBI Corn IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Company Details
TBI Corn Limited
A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410
Phone: (0233) 2644950
Email: [email protected]
Website: https://tbicorn.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of TBI Corn IPO are:
- Expansion of Existing Unit
- To Meet Incremental Working Capital Requirement
- General Corporate Purpose
Ekadrisht Capital Pvt Ltd and Swastika Investmart Ltd are are the book-running lead managers for the TBI Corn IPO.