TBI Corn Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

31 May 2024

Close Date

04 Jun 2024

Allotment

05 Jun 2024

Listing Date

07 Jun 2024

Exchange

NSE SME

Price Band

₹94

Listing Price

See chart

Allotment Status

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Price Band

₹94

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

47,80,800 shares (aggregating up to ₹44.94 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹112,800

1 lot

Pre-IPO Holding

1,33,77,605 shares

Promoters

Post-IPO Holding

1,81,58,405 shares

Promoters

P/E (Pre)

18.33x

P/E (Post)

16.7x

EPS (Pre)

₹5.13

EPS (Post)

₹5.63

UPI Deadline

2024-06-04

Mandate

Anchor AllotmentThu, 30 May 2024

Basis of AllotmentWed, 05 Jun 2024

Refund InitiationThu, 06 Jun 2024

Demat CreditThu, 06 Jun 2024

Listing DayFri, 07 Jun 2024

UPI Mandate Deadline2024-06-04

Sale TypeFresh Capital

Net Offer to Public45,40,800 shares (aggregating up to ₹42.68 Cr)

Market Maker Quota2,40,000 shares (aggregating up to ₹2.26 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

TBI Corn Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Jun 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	240,000	—	₹2.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,780,800	100%	₹44.94

IPO Shares Offered

TBI Corn Ltd IPO total issue size: ₹44.94 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	240,000	₹2.26	5.02%
Total	4,780,800	₹44.94	100.00%

* Based on upper price band ₹94 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹94.00

Upper Band

Min Investment

₹112,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹225,600
Retail (Max — 13 Lots)	13	15,600	₹1,466,400
S-HNI (Min — 14 Lots)	14	16,800	₹1,579,200
B-HNI (Min — 68 Lots)	68	81,600	₹7,670,400

* Issue Price ₹94 × Lot Size 1,200 shares

IPO Schedule

Anchor

30 May 2024

✓ Done

IPO Open

31 May 2024

✓ Done

IPO Close

04 Jun 2024

✓ Done

Allotment

05 Jun 2024

✓ Done

Refunds

06 Jun 2024

✓ Done

Demat Credit

06 Jun 2024

✓ Done

Listing Day

07 Jun 2024

✓ Done

₹94.00

INR · NSE

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Issue ₹94.00 Live Price

About TBI Corn Ltd

Incorporated in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified.The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.All products are made without chemical additives or preservatives and are GMO-free.The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.As of 31st December 2023, the company has a total of 48 employees

Objects of the Issue

Expansion of Existing Unit;

To Meet Incremental Working Capital Requirement;

General Corporate Purpose

TBI Corn Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹10,097.3

31 Mar 2022

₹14,042.6

31 Mar 2023

₹10,196.5

31 Dec 2023

Profit After Tax (PAT)

₹45.2

31 Mar 2022

₹686.1

31 Mar 2023

₹766.5

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	10196.53	14042.63	10097.26
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	766.45	686.09	45.16
Net Worth	4067.70	2677.81	683.24
Total Assets	9511.50	12162.04	4317.63
Reserves & Surplus	2729.94	1677.49	N/A
Borrowings	5137.13	6352.82	2549.48
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	7.59%	—	—

P/BV Ratio

3.09

RoE

18.84%

RoCE

18.65%

RoNW

18.84%

PAT Margin

7.59%

Debt/Equity

0.43

Issue Structure & Shareholding

Total Shares Offered47,80,800 (100.00%)

Net Offer to Public45,40,800 shares (aggregating up to ₹42.68 Cr)

Reserved for Market Maker2,40,000 shares (aggregating up to ₹2.26 Cr)

Pre-Issue Promoter Holding1,33,77,605 shares

Post-Issue Promoter Holding1,81,58,405 shares

P/BV Ratio3.09

RoE18.84%

RoCE18.65%

Debt / Equity0.43

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

tbi.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd.

Ekadrisht Capital Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much TBI Corn Ltd IPO subscribed? ▲

TBI Corn Ltd IPO is subscribed 1.00 times by Jun 04, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is TBI Corn Ltd IPO retail subscription status? ▼

The TBI Corn Ltd IPO retail category is subscribed 1.00 times as of 04 Jun 2024. The retail portion is oversubscribed.

How to subscribe TBI Corn Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 May 2024 and closes 04 Jun 2024. Min investment: ₹112,800 (1 lot = 1,200 shares). UPI mandate: 2024-06-04.

How many times TBI Corn Ltd IPO subscribed? ▼

The TBI Corn Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check TBI Corn Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Jun 2024. Refunds: on 06 Jun 2024.

When TBI Corn Ltd IPO will be listed? ▼

The TBI Corn Ltd IPO listing date is 07 Jun 2024, Friday. Listed on: NSE SME. Issue price: ₹94. Estimated listing: ₹94. GMP: NIL.

When TBI Corn Ltd IPO close? ▼

The TBI Corn Ltd IPO closes on 04 Jun 2024, Tuesday. UPI mandate: 2024-06-04. Allotment: 05 Jun 2024. Listing: 07 Jun 2024.

Quick Actions

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Live Price LIVE

Last Price₹94.00

Change—

Issue Price₹94.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹94

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹112,800

GMPNIL

Est. Listing₹94

Subscribed1.00x

Open Date31 May 2024

Close Date04 Jun 2024

Allotment05 Jun 2024

Listing Date07 Jun 2024

ExchangeNSE SME

UPI Deadline2024-06-04