TBI Corn Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹71(75.53%)
Premium (ELP)
The Initial Public Offering of TBI Corn Limited's culminated in its successful listing on Jun 07, 2024 at the NSE trading platform. The company secured 47,80,800 Shares through this capital market exercise, with 47,80,800 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹90 to ₹94, with minimum investment requirements of 1200 shares. The subscription period from May 31, 2024 to Jun 04, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jun 05, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Mr. Yogesh Laxman Rajhans
- Mrs. Asha Laxman Rajhans
TBI Corn Limited
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