TBI Corn IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 31 to Jun 04 2024
Price Band
₹90 - 94
Current GMP
₹198 (110.63%)
Subscription
103.95 times
IPO Details
| IPO Date | May 31, 2024 to June 4, 2024 |
| Listing Date | Friday, June 7, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹94 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,780,800 shares (aggregating up to ₹44.94 Cr) |
| Fresh Issue | 4,780,800 shares (aggregating up to ₹44.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,377,605 |
| Share holding post issue | 18,158,405 |
| Market Maker portion | 240,000 shares Ss Corporate Securities |
IPO Date
May 31, 2024 to June 4, 2024
Listing Date
Friday, June 7, 2024
Face Value
₹10 per share
Price Band
₹90 to ₹94 per share
Lot Size
1200 Shares
Total Issue Size
4,780,800 shares (aggregating up to ₹44.94 Cr)
Fresh Issue
4,780,800 shares (aggregating up to ₹44.94 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
13,377,605
Share holding post issue
18,158,405
Market Maker portion
240,000 shares Ss Corporate Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 17.54 |
| Non-Institutional Buyers*** | 138.30 |
| Retail Investors | 372.63 |
| Total ** | 103.95 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
17.54
Non-Institutional Buyers***
138.30
Retail Investors
372.63
Total **
103.95
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 May 31, 2024 | 0.02 | 6.82 | 37.14 | 8.37 |
| Day 2 Jun 3, 2024 | 0.23 | 48.76 | 242.92 | 55.69 |
| Day 3 Jun 4, 2024 | 17.54 | 138.30 | 372.63 | 103.95 |
DayDay 1
May 31, 2024
QIB0.02
NII*6.82
Retail37.14
Total8.37
DayDay 2
Jun 3, 2024
QIB0.23
NII*48.76
Retail242.92
Total55.69
DayDay 3
Jun 4, 2024
QIB17.54
NII*138.30
Retail372.63
Total103.95
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 07-06-2024 | 94.00 | 71(75.53%) | 165 |
| 06-06-2024 | 94.00 | 66(70.21%) | 160 |
| 05-06-2024 | 94.00 | 50(53.19%) | 144 |
| 04-06-2024 | 94.00 | 50(53.19%) | 144 |
| 03-06-2024 | 94.00 | 88(93.62%) | 182 |
| 02-06-2024 | 94.00 | 84(89.36%) | 178 |
| 01-06-2024 | 94.00 | 84(89.36%) | 178 |
| 31-05-2024 | 94.00 | 95(101.06%) | 189 |
| 30-05-2024 | 94.00 | 95(101.06%) | 189 |
| 29-05-2024 | 94.00 | 80(85.11%) | 174 |
| 28-05-2024 | 94.00 | 0(0.0%) | 94 |
| 27-05-2024 | 94.00 | 0(0.0%) | 94 |
| 26-05-2024 | 94.00 | 0(0.0%) | (0%) |
| 25-05-2024 | 94.00 | 0(0.0%) | (0%) |
Date07-06-2024
Price94.00
GMP71(75.53%)
Estimate List Price165
Date06-06-2024
Price94.00
GMP66(70.21%)
Estimate List Price160
Date05-06-2024
Price94.00
GMP50(53.19%)
Estimate List Price144
Date04-06-2024
Price94.00
GMP50(53.19%)
Estimate List Price144
Date03-06-2024
Price94.00
GMP88(93.62%)
Estimate List Price182
Date02-06-2024
Price94.00
GMP84(89.36%)
Estimate List Price178
Date01-06-2024
Price94.00
GMP84(89.36%)
Estimate List Price178
Date31-05-2024
Price94.00
GMP95(101.06%)
Estimate List Price189
Date30-05-2024
Price94.00
GMP95(101.06%)
Estimate List Price189
Date29-05-2024
Price94.00
GMP80(85.11%)
Estimate List Price174
Date28-05-2024
Price94.00
GMP0(0.0%)
Estimate List Price94
Date27-05-2024
Price94.00
GMP0(0.0%)
Estimate List Price94
Date26-05-2024
Price94.00
GMP0(0.0%)
Estimate List Price(0%)
Date25-05-2024
Price94.00
GMP0(0.0%)
Estimate List Price(0%)
IPO Important Dates
| IPO Open Date | Friday, May 31, 2024 |
| IPO Close Date | Tuesday, June 4, 2024 |
| Basis of Allotment | Wednesday, June 5, 2024 |
| Initiation of Refunds | Thursday, June 6, 2024 |
| Credit of Shares to Demat | Thursday, June 6, 2024 |
| Listing Date | Friday, June 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2024 |
IPO Open Date
Friday, May 31, 2024
IPO Close Date
Tuesday, June 4, 2024
Basis of Allotment
Wednesday, June 5, 2024
Initiation of Refunds
Thursday, June 6, 2024
Credit of Shares to Demat
Thursday, June 6, 2024
Listing Date
Friday, June 7, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 4, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹112,800 |
| Retail (Max) | 1 | 1200 | ₹112,800 |
| HNI (Min) | 2 | 2,400 | ₹225,600 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹112,800
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹112,800
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹225,600
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,511.50 | 12,162.04 | 4,317.63 |
| Revenue | 10,196.53 | 14,042.63 | 10,097.26 |
| Profit After Tax | 766.45 | 686.09 | 45.16 |
| Net Worth | 4,067.70 | 2,677.81 | 683.24 |
| Reserves and Surplus | 2,729.94 | 1,677.49 | |
| Total Borrowing | 5,137.13 | 6,352.82 | 2,549.48 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20239,511.50
31 Mar 202312,162.04
31 Mar 20224,317.63
Period EndedRevenue
31 Dec 202310,196.53
31 Mar 202314,042.63
31 Mar 202210,097.26
Period EndedProfit After Tax
31 Dec 2023766.45
31 Mar 2023686.09
31 Mar 202245.16
Period EndedNet Worth
31 Dec 20234,067.70
31 Mar 20232,677.81
31 Mar 2022683.24
Period EndedReserves and Surplus
31 Dec 20232,729.94
31 Mar 20231,677.49
31 Mar 2022
Period EndedTotal Borrowing
31 Dec 20235,137.13
31 Mar 20236,352.82
31 Mar 20222,549.48
Key Performance Indicator
| ROE | 18.84% |
| ROCE | 18.65% |
| Debt/Equity | 0.43 |
| RoNW | 18.84% |
| P/BV | 3.09 |
| PAT Margin (%) | 7.59 |
| EPS (Rs) | 5.13 |
ROE
18.84%
ROCE
18.65%
Debt/Equity
0.43
RoNW
18.84%
P/BV
3.09
PAT Margin (%)
7.59
EPS (Rs)
5.13
IPO Reservation
| Anchor Investor Shares Offered | 1,358,400 (28.41%) |
| Market Maker Shares Offered | 240,000 (5.02%) |
| QIB Shares Offered | 908,800 (19.01%) |
| NII (HNI) Shares Offered | 681,600 (14.26%) |
| Retail Shares Offered | 592,000 (12.38%) |
| Total Shares Offered | 4,780,800 (100%) |
Anchor Investor Shares Offered
1,358,400 (28.41%)
Market Maker Shares Offered
240,000 (5.02%)
QIB Shares Offered
908,800 (19.01%)
NII (HNI) Shares Offered
681,600 (14.26%)
Retail Shares Offered
592,000 (12.38%)
Total Shares Offered
4,780,800 (100%)
Information about company
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
Objectives of IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Expansion of Existing Unit;
To Meet Incremental Working Capital Requirement;
General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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