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TBI Corn IPO
Price Band
₹90.0–94.0
Issue Size
₹44.94 Cr
Lot Size
1,200 shares
Min Investment
₹112,800
GMP
+₹71.0 (75.53%)
Issue Price
₹94.0
Subject to Sauda
₹64800
Paid only if allotted
TBI Corn IPO AI Summary
- TBI Corn IPO is listed on NSE SME in the Other Agricultural Products sector.
- Price band: ₹90.0–₹94.0 per share, lot size 1,200 shares (min. investment ₹112,800).
- Subscription window: 31 May–04 Jun 2024, listing on 07 Jun 2024.
- Current GMP is +₹71.0 (75.53%), an estimated listing price of ₹165 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
TBI Corn IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
TBI Corn IPO Grey Market Premium (GMP) Today
GMP
+₹71.0
GMP %
+75.53%
Est. Listing
₹165.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified. The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India. The company sells various 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 31st December 2023, the company has a total of 48 employees
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 95.12 | 121.62 | 43.18 | 42.55 |
| Total Income | 101.97 | 140.43 | 100.97 | 67.76 |
| Profit After Tax | 7.66 | 6.86 | 0.45 | 0.24 |
| NET Worth | 40.68 | 26.78 | 6.83 | 5.12 |
| Reserves and Surplus | 27.30 | 16.77 | ||
| Total Borrowing | 51.37 | 63.53 | 25.49 | 23.01 |
Key Ratios
EPS
₹5.13
NAV
₹30.41
ROE
18.84%
ROCE
18.65%
RoNW
18.84%
P/B Value
3.09
P/E Ratio
18.33
Market Cap
₹170.69 Cr
PAT Margin
7.59%
Debt/Equity
0.43
Peer Comparison
| Company |
|---|
| TBI Corn Limited This IPO |
Promoters
Yogesh Laxman Rajhans and Asha Laxman Rajhans
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Expansion of Existing Unit 16.80 2 To Meet Incremental Working Capital Requirements 17.00 3 General Corporate Purpose 8.94
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹101.97 Cr as of 31 Dec 2023, down from ₹140.43 Cr for the year ending 31 Mar 2023. This indicates a decrease in revenue over the period.
Profit Trend
Profit after tax was ₹7.66 Cr for the period ending 31 Dec 2023, which is an increase from ₹6.86 Cr for the year ending 31 Mar 2023. This shows a positive trend in profitability.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price in the grey market, which operates outside of the official stock exchange. A positive GMP suggests strong demand for the shares before they officially list.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors like the company's growth potential and market conditions.
Who May Want to Wait
Conservative investors or those with a low-risk appetite may want to avoid IPOs like this, especially if they are not comfortable with the inherent risks associated with investing in new and potentially volatile stocks.
IPO Timeline, Explained
The IPO opens for subscription on May 31, 2024, and closes on June 4, 2024. Allotment of shares will be done on June 5, 2024, with the listing expected on June 7, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a higher price than the issue price. However, such gains are not guaranteed and can be influenced by market conditions and investor sentiment on the listing day.
This evaluation is generated from TBI Corn's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is TBI Corn IPO GMP today?
TBI Corn IPO GMP today is +₹71.0 (75.53%), indicating an estimated listing price of ₹165. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of TBI Corn IPO?
The price band of TBI Corn IPO is ₹90.0–₹94.0 per share.
When does TBI Corn IPO open and close?
TBI Corn IPO opens on 31 May 2024 and closes on 04 June 2024.
When does TBI Corn IPO list on the stock exchange?
TBI Corn IPO listed on 07 June 2024 at ₹165.0.
What is the lot size for TBI Corn IPO?
The lot size for TBI Corn IPO is 1200 shares, requiring a minimum investment of ₹112,800.
What is the price band for the TBI Corn IPO?
The price band for the TBI Corn IPO is ₹90.0 to ₹94.0.
What is the minimum investment required?
The minimum investment required is ₹112,800.
What is the lot size for this IPO?
The lot size for the TBI Corn IPO is 1200 shares.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
When is the listing date for the TBI Corn IPO?
The listing date for the TBI Corn IPO is June 7, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 May 2024
Close
04 Jun 2024
Allotment
05 Jun 2024
Listing
07 Jun 2024
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