TBI Corn Limited

Company Profile
Company Name TBI Corn Limited
Open Date 31-05-2024
Close Date 04-06-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹90 to ₹94 per share
Issue Size 47,80,800 shares
Application Amount ₹1,12,800
Recommendation Avoid
Incorporated in 2000 as a partnership firm, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits with its Registered Office in the Sangli district of Maharashtra, India. The company specializes in producing high-quality Corn/Maize Grits and related 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 30th January 2024, the company has a total of 49 employees under its payroll.
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Financial Summary in Lakhs

For the Period Ended FY 21 FY 22 FY 23 Dec-23
Total Assets 4,254.86 4,317.64 7,701.98 9,511.5
Net Assets 512.42 683.24 1,678.05 4,067.7
Total Borrowing 2,300.94 2,549.48 4,038.83 5,137.1
Total Revenue 6,776 10,097 14,042 10,196
Profit After Tax 23.91 45.15 686.08 766.44

Tentative Timeline

Opening Date 31-05-2024
Closing Date 04-06-2024
Basis of Allotment 05-06-2024
Initiation of Refunds 06-06-2024
Credit of Shares to Demat 06-06-2024
Listing Date 07-06-2024

Objects of the Issue

Expansion of Existing Unit
To Meet Incremental Working Capital Requirement
General Corporate Purpose

Contact Information

Registered Office TBI Corn Limited A5/3 & A5/4, MIDC, Miraj, Tal- Miraj Dist- Sangli 416410
Phone (0233) 2644950
Email cs@tbicorn.com
Website https://tbicorn.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email tbi.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 76.65%
Share Holding Post Issue (Promoters) 56.47%

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