TBI Corn IPO opens for subscription: Here are key details to know about the issue

TBI Corn IPO details: The initial public offering (IPO) of TBI Corn—a manufacturer and exporter of Corn Meal Grits—opened for subscription on Friday, May 31. The issue will be open for subscription for three trading days, i.e., until on Tuesday, June 4 from 10 am to 5 pm. TBI Corn IPO is a book-built issue of Rs 44.94 crore and is entirely a fresh issue of 47.81 lakh shares.

Here are important things to know about the TBI Corn IPO

TBI Corn IPO allotment date

The basis of the allotment of shares under the IPO of TBI Corn is set to be finalised on Wednesday, June 5. 

TBI Corn IPO listing date

The TBI Corn stock is likely to be listed on Friday, June 7. The stock will be traded on the NSE SME.

TBI Corn IPO lot size,  TBI Corn IPO price band

TBI Corn IPO price band is set at Rs 90 to Rs 94 per share. The minimum lot size for an application is 1,200 shares. The minimum amount of investment required by retail investors is Rs 112,800.

TBI Corn IPO: Book-running lead managers

Swastika Investmart and Ekadrisht Capital Private are the book running lead managers of the TBI Corn IPO, while Kfin Technologies is the registrar for the issue. 

What does TBI Corn do?

Incorporated in 2000, TBI Corn is a manufacturer and exporter of Corn Meal Grits. The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India. TBI Corn sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.

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