
Food & Agro‑Processing / Food Manufacturing · NSE
Founded in 2000, TBI Corn Limited is a trusted manufacturer and exporter of premium Corn Meal Grits based in Sangli, Maharashtra. The company holds ISO 9001:2015 and ISO 22000:2018 certifications, ensuring top-notch quality and food safety. TBI Corn offers a wide range of products like fat-free corn grits, corn flakes, broken maize, corn flour, and turmeric fingers, all made without chemicals or preservatives — and 100% GMO-free. The company exports its products to countries like Dubai, Oman, Jordan, South Africa, and Vietnam. With a dedicated team of 48 employees as of December 31, 2023, TBI Corn Limited continues to maintain its reputation for quality and excellence in the global market.
Price Band
₹90 – ₹94
Issue Size
₹44.94 Cr
Lot Size
1200 shares
GMP
+75.5%
Est. Listing
₹165
at current GMP
Subscribed
231.29x
overall
Open
31 May 2024
Close
4 Jun 2024
Allotment
5 Jun 2024
Refund
6 Jun 2024
Demat Credit
7 Jun 2024
Listing
7 Jun 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
5 Jun 2024
Basis finalization
Refunds Initiate
6 Jun 2024
Mandate release
Demat Credit
7 Jun 2024
Shares in demat
Listing Debut
7 Jun 2024
Trading begins
TBI Corn Limited is bringing an initial public offering (IPO) in the Food & Agro‑Processing / Food Manufacturing sector with an aggregate issue size of ₹44.94 Crores. The shares are offered at a price band of ₹90 to ₹94 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-06-04, the basis of allotment is scheduled to be finalized on 2024-06-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.