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tbi corn ipo

TBI Corn IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    07 Jun 2024

  • Listing Price

    ₹ 198.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 224.30

IPO Details

  • Open Date

    31 May 2024

  • Close Date

    04 Jun 2024

  • IPO Price Range

    ₹ 90 to ₹ 94

  • IPO Size

    ₹ 43.03 - 44.94 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    07 Jun 2024

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IPO Timeline

TBI Corn IPO Subscription Status

Last Updated: 04th June, 2024 by 5paisa

TBI Corn IPO is all set to open from 31st May to 4th June 2024. The company operates in the corn milling industry. The IPO includes a fresh issue of 4,780,800 shares worth ₹44.94 cr. The share allotment date is 5th June 2024, and the IPO will be listed on 7th June 2024 on the stock exchanges. The price band is ₹90 to ₹94 and the lot size is 1200 shares.    

Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the book-running lead managers for this IPO, while Kfin Technologies Limited is the registrar. 

Objectives of TBI Corn IPO

TBI Corn Limited plans to utilize the raised capital from the IPO to:

●    To expand the company’s existing unit.
●    To fund the increasing working capital requirement.
●    General corporate purposes. 
 

TBI Cornis operates in the corn milling industry. It produces high-quality cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour and Turmeric Finger, etc. These products are made without chemical additives or preservatives and are GMO-free. The company also has ISO 9001:2015 and ISO 22000:2018 certifications and is Indian Organic and USDA Organic certified. 

TBI Cornis’s products have a global reach with a presence in UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea. It is also planning to expand to the US and Europe.

Peer Comparison

No listed peers.

For More Information:
Webstory on TBI Corn IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 139.30 100.28 66.96
EBITDA 12.50 3.14 2.50
PAT 6.86 0.45 0.24
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 77.01 43.17 43.17
Share Capital 0.0056 - -
Total Borrowings 60.23 36.34 37.42
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -5.10 4.53 -6.85
Net cash from / (used in) investing activities -0.56 -1.87 -0.62
Net cash flow from / (used in) financing activities 5.88 -2.71 7.49
Net increase (decrease) in cash and cash equivalents 0.22 -0.054 0.016


Strengths

1.    The company is committed to delivering exceptional quality in corn grit, corn flex, corn flour and other related products.
2.    It also has a state-of-the-art production facility, cutting-edge technology, and stringent quality control measures.
3.    The company has a vertically integrated supply chain.
4.    It has a team of dedicated experts who continually innovate and adapt to market trends.
5.    Experienced management team.
 

Risks

1.    An increase in the prices of our raw materials can impact the business. 
2.    The company operates in a highly competitive and low barriers to entry-industry.
3.    The company is exposed to foreign exchange risks. 
4.    High working capital requirements.
5.    It has reported negative cash flow in the past. 
 

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FAQs

TBI Corn IPO opens from 31st May to 4th June 2024.
 

The size of TBI Corn IPO is ₹44.94 cr. 
 

To apply for TBI Corn IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for TBI Corn IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of TBI Corn IPO is fixed at ₹90 to ₹94 per share. 
 

The minimum lot size of TBI Corn IPO is 1200 shares and the investment required is ₹1,08,000.
 

The share allotment date of TBI Corn IPO is 5th June 2024.
 

The TBI Corn IPO will be listed on 7th June 2024.
 

Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the book-running lead managers for TBI Corn IPO.
 

TBI Corn plans to utilize the raised capital from the IPO to:

●    To expand the company’s existing unit.
●    To fund the increasing working capital requirement.
●    General corporate purposes.