Ashok Rathi

TBI Corn Limited IPO Details Date Review 2024

TBI Corn Limited was incorporated in 2000. TBI Corn Limited  IPO subscription opens from 31 May 2024 and issue closes on 4 June 2024. IPO Face value is Rs.10 per share. IPO Issue bid size is between Rs.90 to Rs.94 per share. The lot size is 1200 shares per lot. This is a Book Built Issue IPO.

  1. TBI Corn Limited  Total Issue Size is,4,780,851 shares and company wants to aggregate up to ₹ 44.95 Cr.
  2. Company Share Holding, Pre Issue is 13,377,605 shares.
  3. Company Share Holding, Post Issue will be 18,158,456 shares.
  4. This IPO is Listing at NSE SME, on 7 June 2024.

Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the book-running lead managers for the TBI Corn IPO, with Kfin Technologies Limited acting as the registrar for the issue.

TBI Corn Limited IPO Timeline :

  1. TBI Corn Limited IPO issue opens on31 May and closes on4 June 2024.
  2. Cut Off Time of UPI Payment is, Friday by 5pm on 4 June 2024.
  3. IPO Issue Basis of Allotment is, on 5 June 2024.
  4. Who did not get the allotment of shares, Refunds Initiation begins from 6 June 2024.
  5. Who got the allotment, Shares will be Credited in their Demat Account by 6 June 2024.
  6. Finally IPO lists on 7 June 2024. This was the IPO timeline of TBI Corn Limited IPO.

TBI Corn Limited IPO Reservations for Investor Categories :

QIB Investors Shares Offered Not more than 50% of the Net Issue.

Retail Investors Offered Not less than 35% of the Net Shares Issue.

NII (HNI) Investors Offered Shares Not less than 15% of the Net Issue.

TBI Corn Limited IPO Details Date Review 2024
TBI Corn Limited IPO Details Date Review 2024

TBI Corn Limited IPO Lot Size Minimum to Maximum allotment for Investors :

  1. Retail Investor can apply for Minimum, 1 lot which has 1200shares and investing amount ₹ 112,800.
  2. Retail Investor Maximum apply for 1 lot, 1200 shares, amount ₹ 112,800.
  3. HNI Investor Minimum 2 lot, 2400 shares, amount ₹ 225,600.

An Intro About TBI Corn Limited :

Founded in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits, holding ISO 9001:2015 and ISO 22000:2018 certifications.

Specializing in high-quality Corn/Maize Grits and related products, the company operates in the Sangli district of Maharashtra, India. TBI Corn Limited offers a range of products, including fat-free corn grits/meals, corn flakes, stone-free broken maize, corn flour, and turmeric finger. All products are free from chemical additives, preservatives, and GMOs.

The company’s products are exported to various countries, including Dubai, Oman, Jordan, South Africa, and Vietnam.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium
If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker
If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

How to apply for TBI Corn Limited IPO Subscription ?

There are some simple steps to follow

  • First go to your brokers website and login there
  • 2nd after login see the IPO section and click there
  • 3rd click the TBI Corn Limited IPO Service Bid button here
  • 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
  • 5th Now visit your UPI app page and approve the amount transaction.
  • 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application.


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