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TBI Corn IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Sangli and caters to Agro sector. Swastika Investmart is the merchant banker of TBI Corn IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th March 2024.
TBI Corn IPO open date is 31st May 2024 and close date is 4th June 2024. IPO Allotment Date is 5th June 2024 and Listing date is 7th June 2024.TBI Corn IPO size is Rs 44.94 Cr. crores with IPO price of Rs 94.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swastika Investmart Limited is the book-running lead manager of the TBI Corn IPO. Kfin Technologies Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for TBI Corn IPO.
TBI Corn IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 134,400.00 | ₹94.00 | ₹12,633,600.00 |
| Persistent Growth Fund- | 319,200.00 | ₹94.00 | ₹30,004,800.00 |
| Next Orbit Ventures | 638,400.00 | ₹94.00 | ₹60,009,600.00 |
| India emerging Gaints | 266,400.00 | ₹94.00 | ₹25,041,600.00 |
TBI Corn IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
TBI Corn IPO, based in Sangli, operates in the Agro sector with a focus on manufacturer and exporter of Corn Meal Grits. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. TBI Corn IPO size is ₹ 44.94 Cr. Crores with fresh issue size of Rs 44.94 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for TBI Corn IPO is expected to be 5th June 2024, after the finalization of basis of allotment. Investors can check TBI Corn IPO allotment status on the registrars website, Kfin Technologies Limited. TBI Corn IPO refund dates are 6th June 2024.
TBI Corn IPO is expected to be listed on 7th June 2024.
The upper price band for the TBI Corn IPO is set at ₹ 94.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on TBI Corn IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the TBI Corn IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th June 2024. After submission, funds are blocked until the basis of allotment of TBI Corn IPO is finalised.
The merchant banker for TBI Corn IPO is Swastika Investmart Limited , Ekadrisht Capital Private Limited . Swastika Investmart Limited , Ekadrisht Capital Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the TBI Corn IPO RHP for further details.
The registrar for TBI Corn IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to TBI Corn IPO through their official website or helpline.
TBI Corn IPO was subscribed 231.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 44.94 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.73 Cr.
Sector: Agro
SME IPO so far:
34
Merchant Banker:
Swastika Investmart
SME IPO by BRLM so far:
47
City:
Sangli
SME IPO so far:
1
Revenue (annualised):
₹ 135.95 cr.
PE
Ratio:
16.70x
Average Sector PE Ratio: 18.29x
TBI Corn IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on TBI Corn Financial Review Page
Merchant Banker(s) of TBI Corn IPO: Swastika Investmart Limited , Ekadrisht Capital Private Limited
TBI Corn IPO subscription was 231.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
TBI Corn IPO listed at a listing price of 207.90 against the offer price of 94.00.
The current market price of TBI Corn is 87.15.
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