TBI Corn Limited SME

Issue Size (Net)

up to Rs.44.94 Cr

Price Band

Rs.90 to Rs.94 per share

Issue Opens

May 31, 2024

Issue Closes

June 4, 2024

Company Highlights Financials Highlights Issue Details Prospectus

Company Highlights

1.Company Information

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.

2. Objects of the Issue

1.Expansion of Existing Unit;
2.To Meet Incremental Working Capital Requirement;
3.General Corporate Purpose

3.TBI Corn IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: tbi.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

TBI Corn Limited Financial Information

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31 Dec 2023	9511.50	10196.53	766.45	4067.70	2729.94	5137.13
31 Mar 2023	12162.04	14042.63	686.09	2677.81	1677.49	6352.82
31 Mar 2022	4317.63	10097.26	45.16	683.24		2549.48
Amount in Rs. Lakhs

TBI Corn IPO Details

Issue Opening Date	May 31, 2024
Issue Closing Date	June 4, 2024
Face Value	Rs.10 per share
Price	Rs.90 to Rs.94 per share
Lot Size	1200 Shares
Issue Size	4,780,800 shares(aggregating up to Rs.44.94 Cr)
Fresh Issue	4,780,800 shares(aggregating up to Rs.44.94 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME

TBI Corn IPO Timeline (Tentative Schedule)

Event	Tentative Date
Opening Date	Friday, May 31, 2024
Closing 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