TBI Corn IPO GMP, Review, Price, Allotment

TBI Corn IPO description – TBI Corn is a leading corn milling company with ISO 9001:2015 and ISO 22000:2018 certifications. Based in the Sangli district of Maharashtra, the company focuses on producing top-quality corn/maize grits and related products. The company provides various products such as clean, fat-free corn grits/meal, corn flakes, stone-free broken maize, corn flour, and turmeric finger. All products are manufactured without chemical additives, preservatives, or GMOs.

In addition to its ISO certifications, TBI Corn is certified by MSME and APEDA, and it holds both Indian Organic and USDA Organic certifications. The company has expanded into international markets, supplying products to the Gulf countries, UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea. It plans to extend its reach to Europe and the US shortly.

As of 30 January 2024, the company employs 49 full-time staff members, including key managerial personnel.

Promoters of TBI Corn – Mr. Yogesh Laxman Rajhans

TBI Corn IPO Details

TBI Corn IPO Dates	31 May – 4 June 2024
TBI Corn Issue Price	INR 90 – 94 per share
Fresh issue	50,00,000 shares (INR 45 – 47 crore)
Offer For Sale	NIL
Total IPO size	50,00,000 shares (INR 45 – 47 crore)
Minimum bid (lot size)	1,200 shares (INR 1,12,800)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE EMERGE

TBI Corn Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	66.96	100.29	139.30	70.34
Expenses	67.49	100.47	131.14	62.30
Net income	0.24	0.45	6.86	6.67

Figures in INR Crores unless specified otherwise

TBI Corn Offer News

TBI Corn Valuations & Margins

	FY 2021	FY 2022	1 Apr – 21 Jun 2022*	22 Jun 2022 – 31 Mar 2023*
EPS	426.82	805.53	872.81	11,365.72
PE ratio	–	–	–	–
RONW (%)	4.67	6.61	4.89	37.97
NAV	9,140.63	12,187.62	17,833.75	29,933.17
ROCE (%)	9.05	13.19	5.98	34.97
EBITDA (%)	3.74	3.13	4.76	9.85
Debt/Equity	2.87	1.57	0.87	0.83

*Compiled by IPO Central from Prospectus
*Not Annualized

TBI Corn IPO GMP Today

TBI Corn IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

TBI Corn IPO Allotment Status

TBI Corn IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

TBI Corn IPO Dates & Listing Performance

IPO Opening Date	31 May 2024
IPO Closing Date	4 June 2024
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
TBI Corn IPO Listing Date	Coming soon
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

TBI Corn Offer Lead Manager

SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: [email protected]
Website: www.swastika.co.in

TBI Corn Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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