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TBI Corn Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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TBI Corn Ltd IPO

Registered Office: A5/3 & A5/4 MIDC Miraj,Tal Miraj Dist , Sangli - 416410 , Maharashtra , India.
Phone : 0233 2644 950   Fax:
Email :  cs@tbicorn.com  
Website :  www.tbicorn.com
Initial public issue of upto 47,80,800 equity shares of face value of (Rs)10/- each of TBI Corn Limited ("TBI" or the "Company" or the "Issuer") for cash at a price of (Rs)94/- per equity share including a share premium of (Rs)84/- per equity share (the "Issue Price") aggregating to (Rs)44.94 crores ("The Issue"), of which 2,40,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)94/- per equity share including a share premium of (Rs)84/- per equity share aggregating to (Rs)2.26 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 45,40,800 equity shares of face value of (Rs)10/- each at a price of (Rs)94/- per equity share including a share premium of (Rs)84/- per equity share aggregating to (Rs)42.68 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.33% and 25.01%, respectively, of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
31-May-24 04-Jun-24 (Rs)94.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 42.74
Ekadrisht Capital Pvt Ltd
Project Financed through Current Offer 44.94  
Post Issue Equity Share Capital 18.16  
Issue Price (Rs)94.00  
 
Projects
Expansion of Existing UnitGeneral corporate purposes
To meet incremental working capital requirements
Promoted By
Yogesh Laxman Rajhana  
Asha Laxman Rajhans  
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd