TBI Corn Ltd

Our Company is promoted by Mr. Yogesh Laxman Rajhans and was earlier known as The Best India. The Best India was incorporated in the year 2000, and over the years, it has established its goodwill in the Corn industry. Afterwards our Partnership firm converted into Limited company and the name of the firm was also change to TBI Corn Limited. Our Company, is an ISO 9001:2015 and ISO 22000:2018 certified company, and a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, we specialize in the production of high-quality Corn / Maize Grits, flour and other related products. Our journey began in year 2000 as a partnership firm with three founding partners, Mr. Yogesh Laxman Rajhans, with 2 other partners We named our venture The Best India with the vision of shining as a symbol of beautiful India.

Open Demat Account

50years

TBI Corn Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
47.81 LTBA15.92 L99.65 LNSE₹ 44.94 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
31 May, 2404 Jun, 241200 ₹ 1,08,000 Book Building - SME07 Jun, 24

TBI Corn Ltd IPO Details

TBI Corn Ltd IPO Dates

  • 31 May 2024

    Opening date

  • 04 Jun 2024

    Closing date

  • 05 Jun 2024

    Basis of
    Allotment

  • 06 Jun 2024

    Initiation of
    Refunds

  • 06 Jun 2024

    Credit of
    Shares

  • 07 Jun 2024

    Listing date

Details

SectorType
SectorFood - Processing - Indian
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB32.63x
NII516.85x
Retail194.59x
Employee0x
Total153.96x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

TBI Corn Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations9.11TBATBA
EBITDA9.59TBATBA
PAT6.37TBATBA
Total Assets70.12TBATBA
Share Capital0.01TBATBA
Total Borrowings13.50TBATBA
Operating Activities (Net Cash)6.85TBATBA
Investing Activities (Net Cash)0.00TBATBA
Financing Activities (Net Cash)13.50TBATBA
Net Cashflow0.30TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About TBI Corn Ltd

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.

Peer Comparison:

  • No Listed Industry Peers

TBI Corn Ltd IPO Key Points

Strengths

  • Enduring Values of the company & Management Team.
  • Integrity.
  • Customer Focus.
  • Innovation.
  • Teamwork.

Risk

  • Its business is substantially dependent on the company key customers from whom its derive a significant portion of the company revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.
  • The Company is dependent on few States. Loss of any of this large States may affect its business operations.
  • The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large Suppliers may affect its business operations.

Strategy

  • Establishing Strong Relationships.
  • Resilience Against Commodity Price Fluctuations.

TBI Corn Ltd IPO Key Points

  • Enduring Values of the company & Management Team.
  • Integrity.
  • Customer Focus.
  • Innovation.
  • Teamwork.

How To Apply for TBI Corn Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

TBI Corn Ltd's IPO offers shares for up to ₹ 0 L It begins on May 31, 2024 and ends on Jun 4, 2024.

The price of TBI Corn Ltd IPO ranges between ₹90 to ₹94 per share.

The TBI Corn Ltd IPO opens on May 31, 2024 and closes on Jun 4, 2024.

The allotment for the TBI Corn Ltd IPO will be finalised on Jun 5, 2024. The shares will be listed on BSE and NSE on Jun 7, 2024.

The minimum lot size for TBI Corn Ltd IPO is 1200 shares, priced between ₹90 to ₹94 per share.

The GMP (Grey Market Premium) of TBI Corn Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of TBI Corn Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The TBI Corn Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 31, 2024, and closes on Jun 4, 2024. The allotment is finalised on Jun 5, 2024.

To apply for the TBI Corn Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.