TBI Corn SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the TBI Corn IPO. Explore TBI Corn IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
TBI Corn Limited, initially established as Partnership Firm in the name of M/s The Best India in 2000, is a leading player in the corn milling industry, headquartered in the Sangli district of Maharashtra, India. The company, promoted by Mr. Yogesh Laxman Rajhans, transitioned from a partnership firm to a limited company in June 2022. TBI Corn Limited specializes in the production of high-quality corn products, including corn grits, corn flakes, broken maize, and corn flour. The company serves both domestic and international markets, with a presence in countries across the Gulf, Asia, and plans to expand into Europe and the US.
Key Points:
- Products and Services:
- Offers cleaned and fat-free corn grits/meal, corn flakes, stone-free broken maize, corn flour, and turmeric finger.
- All products are GMO-free, chemical-free, and preservative-free.
- Production and Facilities:
- Located in Sangli, Maharashtra with multiple units in MIDC Miraj.
- Total area of 15,812 SQMT (1,70,200 Sq. ft.) with modern, automated machinery.
- Established a fully automated, ISO 22000:2018 compliant food processing unit in 2015-2016.
- Market Reach:
- Domestic clients include prominent companies in the corn starch and cattle feed industries.
- International markets served include the UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea.
- Plans to expand into European and US markets.
Objects of the Issue
- To Meet Incremental Working Capital requirement.
- Expansion of Existing Unit
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 31 May - 04 Jun 2024 |
| IPO Price Band | ₹ 90 - 94 per share |
| Fresh Issue | Upto 47,80,800 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 44.94 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 31 May 2024 |
| IPO Closing Date | 04 Jun 2024 |
| Basis Of Allotment | 05 Jun 2024 |
| Refunds | 06 Jun 2024 |
| Demat Transfer | 06 Jun 2024 |
| IPO Listing Date | 07 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 67.76 | 100.97 | 140.43 | 101.97 |
| Total Expenses | 67.49 | 100.47 | 131.14 | 91.72 |
| Net Profit/Loss | 0.24 | 0.45 | 6.86 | 7.66 |
| NPM (*) | 0.36 | 0.45 | 4.88 | 7.59 |
| Total Assets | 42.55 | 43.18 | 77.02 | 95.12 |
| Total Liabilities | 37.42 | 36.35 | 60.24 | 54.44 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 426.82 | 805.53 | 12,238.49 | 18.63 |
| ROE (%) | 4.67 | 6.61 | 37.15 | 18.84 |
| ROCE (%) | 8.19 | 10.39 | 34.97 | 18.65 |
| RoNW (%) | 4.67 | 6.61 | 37.97 | 18.84 |
| D/E Ratio | 2.87 | 1.57 | 0.83 | 0.43 |
| Current Ratio | 2.54 | 3.34 | 3.56 | 29.78 |
| EBITDA MARGIN (%) | 3.74 | 3.13 | 8.98 | 13.80 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 81.41 |
| Non-Institutional Investor (NII/HNI) | 516.5 |
| Retail Individual Investor (RII) | 523.29 |
| Total | 231.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. YOGESH LAXMAN RAJHANS
- SMT. ASHA LAXMAN RAJHANS
Lead Managers
- SWASTIKA INVESTMART LIMITED
- EKADRISHT CAPITAL PRIVATE LIMITED (CO-LEAD MANAGER)
Company Address
TBI Corn Limited
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj, Dist- Sangli 416 410, Maharashtra, India.
Phone: (0233) 2644950
Email: cs@tbicorn.com
Website: www.tbicorn.com
FAQs
- What is the issue size of the TBI Corn SME IPO?The TBI Corn SME IPO has an issue size of Approx ₹ 44.94 crore. This includes a fresh issue of Upto 47,80,800 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the TBI Corn IPO?The price band for the TBI Corn IPO is ₹ 90 - 94 per share.
- What are the bidding dates for the TBI Corn IPO?The TBI Corn IPO will open for bidding on 31 May 2024 and close on 04 Jun 2024.
- What is the allotment date for the TBI Corn IPO?The allotment date for the TBI Corn IPO is 05 Jun 2024.
- What is the listing date for the TBI Corn IPO?The listing date for the TBI Corn IPO is 07 Jun 2024.
- What is the TBI Corn IPO grey market premium?The grey market premium (GMP) for the TBI Corn IPO is currently at ₹71, with an expected listing gain of approximately 75.53%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.