TBI Corn IPO Details

TBI Corn IPO Details

The TBI Corn IPO is a book-built issue amounting to Rs 44.94 crores, consisting entirely of a fresh issue of 47.81 lakh shares.

Key Dates:

Issuer Company Open Date Close Date Listing Date Issue Price (Rs) Issue Size (Rs Cr.) Lot Size Exchange  
TBI Corn Limited IPO May 31, 2024 Jun 04, 2024 Jun 07, 2024 90.00 to 94.00 44.94 1,200 NSE SME
  •       Subscription Period: May 31, 2024, to June 4, 2024
  •       Allotment Finalization: June 5, 2024
  •      Listing Date on NSE SME: June 7, 2024

Price and Investment:

  • Price Band: ₹90 to ₹94 per share
  • Minimum Lot Size for Application: 1200 shares
  • Minimum Investment for Retail Investors: ₹112,800
  • Minimum Investment for HNIs: 2 lots (2,400 shares) amounting to ₹225,600

Management and Registrar:

  • Book Running Lead Managers: Swastika Investmart Ltd and Ekadrisht Capital Private Limited
  • Registrar: Kfin Technologies Limited
  • Market Maker: Ss Corporate Securities
  • TBI Corn Company Overview

    Company Name: TBI Corn

    Industry: Agricultural Products

    Business Description: TBI Corn is a leading player in the agricultural products industry, specializing in the cultivation, processing, and distribution of high-quality corn and corn-based products. The company operates across various segments of the agricultural value chain, including farming, storage, and distribution.

    Key Products and Services:

    • Raw Corn: High-quality corn supplied to food manufacturers and animal feed producers.
    • Processed Corn Products: Includes corn flour, cornmeal, corn oil, and other value-added products.
    • Research and Development: Focus on improving crop yield and quality through advanced agricultural practices and technologies.

    Market Presence: TBI Corn has a significant presence in both domestic and international markets. The company’s robust supply chain and distribution network ensure timely delivery of products to a diverse customer base.

    Financial Highlights:

    • Revenue: Strong revenue growth driven by increased demand for corn and corn-based products.
    • Profitability: Consistent profitability with healthy margins due to efficient operations and economies of scale.

    Strategic Initiatives:

    • Expansion: Plans to expand farming operations and processing facilities to meet growing demand.
    • Sustainability: Commitment to sustainable farming practices and reducing the environmental impact of operations.
    • Innovation: Continuous investment in R&D to develop new products and improve existing ones.

    Management Team: Led by a team of experienced professionals with deep expertise in the agricultural sector, TBI Corn is poised for sustained growth and success.

    Recent Developments:

    • IPO Launch: The company is raising funds through an IPO to finance expansion projects and enhance operational capabilities.
    • Partnerships: Strategic partnerships with key industry players to strengthen market position and drive innovation.

For detailed information, refer to the TBI Corn IPO Red Herring Prospectus (RHP).

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