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SME IPO Status: Listed [31st May 2024 to 4th Jun 2024]
TBI Corn IPO, a SME IPO of ₹44.94 Cr was launced on 31-05-2024 to 04-06-2024 and the shares got listed on NSE SME on 07-06-2024.
The public issue of TBI Corn IPO (TBI) was offered at ₹94.00 per share and the ipo was listed at ₹198.00. It has delivered listing gain of 110.64%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 124800.00 per lot return on listing.
| SME IPO Issue Opening Date: | 31st May 2024 |
| SME IPO Issue Closing Date: | 4th Jun 2024 |
| SME IPO Issue Price: | ₹90.00-94.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹44.94 Cr |
| Fresh Issue: | ₹44.94 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 76.65% |
| Promoter Holding Post IPO: | 57.71% |
| Allotment Status: | Allotment Status |
| NSE Code: | TBI |
Get important updates regarding TBI Corn SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Jun 2024 |
| Refunds Initiation* | 6th Jun 2024 |
| Credit of Shares to Demat* | 6th Jun 2024 |
| SME IPO Listing Date* | 7th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹90.00-94.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹112800 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹225600 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-06-2024 | 94.00 | 71 | 64800 | ₹165 (75.53%) | 7-Jun-2024 10:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
TBI Corn Limited was founded in February 2000 under the name “The Best India”. The company offers a variety of products including purified and fat-free corn kernels, corn flakes, stone-free corn chunks and turmeric sticks, all made without chemical additives or preservatives and without GMOs.
The company’s product range includes nutrient-rich corn flakes, versatile corn flour, essential corn grits and sustainable corn curd, which is mainly used as animal feed. Quality control is a top priority, exceeding industry standards and promoting customer confidence. With a robust supply chain, sustainable sourcing and innovation, the company maintains a competitive edge and meets changing market demands.
The company has expanded to several facilities in MIDC Miraj, occupying a total area of 15,812 square metres and equipped with modern machinery. Its products are distributed worldwide, including the United Arab Emirates, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam and South Korea, with plans to expand into Europe and the USA.
| Incorporation | Sector | IPO Issue Size | Website |
| 2000 | Corn Products | ₹44.94 Cr | https://tbicorn.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 908,800 (28.56%) | 681,600 (21.42%) | 1,592,000 (50.03%) | 3,182,400 | |
| 1 | 31st May 2024 19:31 | 0.02x | 6.82x | 13.80x | 8.37x |
| 2 | 3rd Jun 2024 19:31 | 0.23x | 48.76x | 90.33x | 55.69x |
| 3 | 4th Jun 2024 18:21 | 81.41x | 516.50x | 523.29x | 231.21x |
TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,511.50 | 12,162.04 | 4,317.63 | 4,254.86 |
| Revenue | 10,196.53 | 14,042.63 | 10,097.26 | 6,776.38 |
| Profit After Tax | 766.45 | 686.09 | 45.16 | 23.93 |
| Net Worth | 4,067.70 | 2,677.81 | 683.24 | 512.42 |
| Reserves and Surplus | 2,729.94 | 1,677.49 | ||
| Total Borrowing | 5,137.13 | 6,352.82 | 2,549.48 | 2,300.94 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| TBI Corn Limited |
Last Updated on 12-Jun-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase TBI Corn SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply TBI Corn SME IPO with Zerodha.
Alternate approch to apply in TBI Corn SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
TBI Corn SME IPO Review and Important Updates
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To subscribe or apply in TBI Corn SME IPO, you can use the following methods:
| TBI Corn SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in TBI Corn SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in TBI Corn SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in TBI Corn SME IPO. Most of the Syndicate Banks provide access to apply in TBI Corn IPO via ASBA process. You must have your net banking access, DP ID information to apply in TBI Corn SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in TBI Corn SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
TBI Corn SME IPO Review and Important Updates
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TBI Corn SME IPO is going to be list on 07-06-2024. NSE Code for TBI Corn is TBI.
Other relevant questions:
When TBI Corn SME IPO will be listing? TBI Corn SME IPO NSE listing date?TBI Corn SME IPO date of listing
TBI Corn SME IPO Allotment Date is 05-06-2024.
Other relevant questions:
TBI Corn SME IPO share allotment date?TBI Corn SME IPO allotment date?
