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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹44.94 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹44.94 Cr |
| Fresh Issue | ₹42.68 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹90.00-94.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TBI |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Swastika Investmart Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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
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 |
| 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 | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 18.84% |
| ROCE | 18.65% |
| Debt / Equity | 0.43% |
| RoNW | 18.84% |
| PAT Margin | 7.59% |
| Price to Book Value | 3.09 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.13 | 5.63 |
| P/E (x) | 18.33 | 16.7 |
| Promoter Holding | 76.65% | 57.71% |
| Market Cap | ₹170.69 Cr. | |
