TBI Corn Ltd

TBI Corn Ltd IPO

IPO Price Range: ₹90 - 94

Our Company is promoted by Mr. Yogesh Laxman Rajhans and was earlier known as The Best India. The Best India was incorporated in the year 2000, and over the years, it has established its goodwill in the Corn industry. Afterwards our Partnership firm converted into Limited company and the name of the firm was also change to TBI Corn Limited.Our Company, is an ISO 9001:2015 and ISO 22000:2018 certified company, and a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, we specialize in the production of high-quality Corn / Maize Grits, flour and other related products. Our journey began in year 2000 as a partnership firm with three founding partners, Mr. Yogesh Laxman Rajhans, with 2 other partners We named our venture The Best India with the vision of shining as a symbol of beautiful India.

Min Investment

₹1,12,800

IPO Size

₹44 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of TBI Corn Ltd

Open Date31 May 2024
Close Date4 Jun 2024
Allotment Date5 Jun 2024
Listing Date7 Jun 2024

Key Statistics

Bid Opening DateBid Opening Date31 May 2024
Bid Closing DateBid Closing Date4 Jun 2024
Allotment DateAllotment Date5 Jun 2024
Issue SizeIssue Size₹44.94Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • Enduring Values of the company & Management Team.

  • Integrity.

  • Customer Focus.

  • Innovation.

  • Teamwork.

  • Respect for Individuals.

  • Accountability.

  • Strong Statutory compliance policies.


Risk

Risk

  • Its business is substantially dependent on the company key customers from whom its derive a significant portion of the company revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.

  • The Company is dependent on few States. Loss of any of this large States may affect its business operations.

  • The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large Suppliers may affect its business operations.

  • The company will continue to be controlled by its Promoters and certain related entities after the completion of the Issue.

  • The company has to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.

  • There are no long-term supply agreements with its vendors/suppliers. The companys Business may be adversely affected if there is any disruption in the trading material supply or due to non- availability of trading material.

  • Its business is dependent on the company continuing relationships with its clients, with whom the company has not entered into long term arrangements.

  • Increase in the prices of its raw material may have an adverse effect on the companys business.

  • Its inability to expand or effectively manage the companys growing sales network this may have an adverse effect on its business, results of operations and financial condition.

  • The Company, Promoter, Directors and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.

Promoters Holding

Investors Holdings %
Yogesh Laxman Rajhana74.01%
Asha Laxman Rajhans0.49%

About TBI Corn Ltd

OrganisationTBI Corn Ltd
HeadquartersSangli
IndustryFMCG

Frequently Asked Questions

  • What is the size of the TBI Corn Ltd IPO?

    The size of the TBI Corn Ltd IPO is ₹44.94Cr .

  • What is 'pre-apply' for TBI Corn Ltd IPO?

    'Pre-apply' for TBI Corn Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my TBI Corn Ltd IPO order be placed?

    Your TBI Corn Ltd IPO order will be placed on 31 May 2024.

  • What are the open and close dates of the TBI Corn Ltd IPO?

    The open and close dates of the TBI Corn Ltd IPO are 31 May 2024 to 4 Jun 2024.

  • What is the lot size and minimum order quantity of the TBI Corn Ltd IPO?

    The lot size and minimum order quantity of the TBI Corn Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the TBI Corn Ltd IPO?

    The potential listing gains on the TBI Corn Ltd IPO will depend on various market factors and cannot be predicted with certainty.