TBI Corn IPO: The initial public offering (IPO) of TBI Corn will open for subscription on May 31. The company plans to raise ₹44.94 crores by issuing 47.81 lakh new shares through the book-built issue. The funds will be used for expansion, working capital, and general corporate purposes.
TBI Corn IPO Price Band:
The price range for the TBI Corn IPO is set between ₹90 and ₹94 per share, with a minimum lot size of 1200 shares. Retail investors need to invest at least ₹1,12,800, while high net worth individuals (HNIs) need to invest in at least 2 lots.
TBI Corn IPO Key Dates:
- Subscription period: May 31 to June 4
- Allotment finalization: June 5
- Tentative listing date on NSE SME: June 7
TBI Corn IPO Share Allotment:
- Up to 50% of shares are allocated for qualified institutional buyers (QIBs)
- At least 35% for retail investors
- At least 15% for non-institutional investors (NIIs)
TBI Corn IPO Financials:
The company’s revenue increased by 40%, from ₹100 crore in FY22 to ₹140 crore in FY23.
TBI Corn IPO Registrar:
Swastika Investmart Ltd and Ekadrisht Capital Private Limited are the lead managers for the IPO, with Kfin Technologies Limited as the registrar and Ss Corporate Securities as the market maker.