What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for TBI Corn Limited IPO?

Based on the upper price band of ₹94 and current GMP of ₹71, the estimated listing price is ₹165 (approx. 75.5% gain).

What is the expected profit per lot for TBI Corn Limited IPO?

With a lot size of 1200 shares and current GMP of ₹71, expected profit per retail application lot is approximately ₹85,200.

IPO GreyPremiumLIVE

Grey Market Intelligence

TBI Corn Limited

ListedSME

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

₹71

+75.5%

Est. Listing

₹165

at current GMP

Subscribed

231.29x

overall

Open

31 May 2024

4 Jun 2024

Allotment

5 Jun 2024

Refund

6 Jun 2024

Demat Credit

7 Jun 2024

Listing

7 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

TBI Corn Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹71+75.5%

Issue Price (Upper)

₹94

Band: ₹90 – ₹94

Estimated Listing Price

₹165

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,12,800

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹71	75.5%	₹165
30 Oct 2026	+₹71	75.5%	₹165
29 Oct 2026	+₹64	68.0%	₹158

About TBI Corn Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is TBI Corn Limited IPO GMP today?

The latest grey market premium for TBI Corn Limited IPO is ₹71, which indicates an expected listing price of ₹165.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.