TBI Corn Ltd IPO

TBI Corn Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 (Partnership Act) in the name and style of M/s The Best India, pursuant to a deed of partnership dated 24th February, 2000. Thereafter M/s The Best India was converted from Partnership Firm to a Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of TBI Corn Limited and received a certificate of incorporation dated 22nd June, 2022 issued by the Registrar of Companies, Pune.

Corn Maize is one of the key ingredients of almost every type of compound feed for animal types and for human consumption also, such as ruminants, poultry swine, and aquaculture, corn flacks, corn grits, corn flour etc. So, to cater to the increased demand for feed rations, maize is widely used. This has increased production on a global scale. For instance, according to FAO, global maize production increased from 1.14 billion ton to 1.16 billion ton in 2020. Along with this, the area under its production also increased from 196 million hectares in 2019 to 201 million hectares in 2020. With the increase in production, trade is also encouraged around the world. According to USDA, the global trade shipments of corn amounted to over 181 million metric tons in the 2021/2022 trade year. Hence, the increasing demand for animal-based protein sources is likely to drive the production and trade market for maize at a global level.