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).
