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Open
31 May to 4 Jun, 2024
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Close
31 May to 4 Jun, 2024
3
Allotment
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Listing
Fri, Jun 7, 2024
Price Band
₹90 to ₹94
Issue Size
47,80,800 shares (agg. up to ₹45 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Jun 7, 2024
Latest GMP
₹71
Est. Gain
75.53%
✦ AI Insight
GMP Trend
07-06-2024₹71Est. ₹165+75.53%
06-06-2024₹66Est. ₹160+70.21%
05-06-2024₹50Est. ₹144+53.19%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 161.12x |
Restated Financials (₹ Cr.)
| 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| TGIF Agribusiness Ltd. | SME | ₹6.39 Cr | ₹93 | 13.58 | ₹142.50 | +53.23% | ₹102.00 (+0.00%) |
| Vishwas Agri Seeds Ltd. | SME | ₹25.80 Cr | ₹86 | 5.06 | ₹83.60 | -2.79% | ₹48.00 (-4.48%) |
| Harshdeep Hortico Ltd. | SME | ₹19.09 Cr | ₹45 | 0 | ₹66.50 | +47.78% | ₹82.90 (+1.66%) |
| Sameera Agro & Infra Ltd. | SME | ₹62.64 Cr | ₹180 | 15.11 | ₹171.00 | -5.00% | ₹5.15 (+1.98%) |
| Sheetal Universal Ltd. | SME | ₹23.80 Cr | ₹70 | 27.34 | ₹75.40 | +7.71% | ₹296.00 (+0.77%) |
| City Crops Agro Ltd. | SME | ₹15.00 Cr | ₹25 | 22.03 | ₹25.42 | +1.68% | ₹28.06 (+4.98%) |
Objects of the Issue
| # | 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 |
About TBI Corn IPO
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+ Read More
Contact Details
TBI Corn Ltd. AddressA5/3 & A5/4, MIDCMirajTal-MirajSangli, Maharashtra, 416410(0233) 2644950cs@tbicorn.comVisit Website