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Subscription
Last updated on 04-Jun-2024 17:18:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 908800 | 73983600 | 81.41 |
| NIB | 681600 | 352284000 | 516.85 |
| RETAIL | 1592000 | 309787200 | 194.59 |
| Total | 3182400 | 736054800 | 231.29 |
| Retail Apps | 258156 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹65.22 | @8% ₹74.54 | @9% ₹83.86 | @10% ₹93.17 | @11% ₹102.49 | @12% ₹111.81 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 112800 | 1327 |
| HNI | 2 | 2400 | 225600 | 568 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Next orbit Ventures Fund | 638400 | 47.00% | 6.00 |
| Persistent Growth Fund - Varsu India Growth Story Scheme 1 | 319200 | 23.50% | 3.00 |
| India Emerging Giants Fund Limited | 266400 | 19.61% | 2.50 |
| Saint Capital Fund | 134400 | 9.89% | 1.26 |
| Total | 1358400 | 100.00% | 12.77 |
TBI Corn IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.30% | 1592000 |
| NII (HNI) | 14.26% | 681600 |
| Anchor | 28.41% | 1358400 |
| QIB | 19.00% | 908800 |
| Market Maker | 5.02% | 240000 |
| Total | 100.00% | 4780800 |
TBI Corn IPO Details
| Issue Size | 4,780,800 shares (aggregating up to ₹44.94 Cr) |
| Fresh Issue | 4,780,800 shares (aggregating up to ₹44.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,377,605 |
| Share holding post issue | 18,158,405 |
| Market Maker Portion | 240,000 Shares Ss Corporate Securities |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.84% | 37.79% | 4.89% |
| ROCE | 18.65% | 25.14% | 3.47% |
| RONW | 18.84% | 37.97% | 4.89% |
| D/E | 0.43 | 0.83 | 0.87 |
| EPS (Pre IPO) | 5.13 | ||
| P/BV | 0.4 | ||
| P/E (Pre IPO) | 18.33 |
Company Financials
TBI Corn Limited Financial Information (Restated)
TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 9,963.40 | 12,162.04 | 4,317.63 | 4,254.86 |
| Revenue | 7,120.28 | 14,042.63 | 10,097.26 | 6,776.38 |
| Profit | 666.75 | 686.09 | 45.16 | 23.93 |
| Net Worth | 3,964.81 | 2,677.81 | 683.24 | 512.42 |
| Reserves | 2,627.05 | 1,677.49 | ||
| Borrowing | 5,140.73 | 6,352.82 | 2,549.48 | 2,300.94 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in 2000, TBI Corn Limited is a distinguished manufacturer and exporter of high-quality Corn Meal Grits, based in the Sangli district of Maharashtra, India. The company is ISO 9001:2015 and ISO 22000:2018 certified, underscoring its commitment to quality and food safety. TBI Corn Limited offers a diverse range of products, including fat-free corn grits/meals, corn flakes, stone-free broken maize, corn flour, and turmeric finger, all produced without chemical additives or preservatives and guaranteed GMO-free. The company's products are exported to various international markets, including Dubai, Oman, Jordan, South Africa, and Vietnam. As of December 31, 2023, TBI Corn Limited employs a dedicated team of 48 individuals, driving its operations and maintaining its reputation for excellence in the industry.
Strength Factors
Enduring Values and Integrity: The Company upholds strong enduring values and integrity, ensuring ethical business practices and building trust with stakeholders.
Customer Focus: A dedicated customer focus allows TBI Corn Limited to meet and exceed customer expectations, fostering long-term relationships and customer satisfaction.
Certified Quality Standards: Being ISO 9001:2015 and ISO 22000:2018 certified highlights the company's commitment to maintaining high quality and safety standards in its products, enhancing its credibility and market reputation.
Risk Factors
Dependency on Key Customers: The business relies heavily on key customers for a significant portion of its revenues, and losing any major client could materially and adversely impact its business and operations.
Legal Proceedings: The involvement of the company, its promoter, directors, and Group Company in certain legal proceedings poses a risk; any adverse decisions could result in liabilities or penalties, negatively affecting business operations.
Geographical Dependence: The Company’s dependence on a few key states for its business operations means that any adverse changes or losses in these regions could significantly disrupt its operations and profitability.
Strength
Weakness
Lead Manager(s)
Address
TBI Corn Limited
A5/3 & A5/4, MIDC,
Miraj, Tal- Miraj
Dist- Sangli 416410
Phone: (0233) 2644950
Email: cs@tbicorn.com
Website: https://tbicorn.com/