TBI Corn Limited IPO


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31st May 2024 – 04th Jun 2024
07 Jun 2024
₹90 – ₹94
1200 shares (₹112800)


TBI Corn Limited is launching its IPO. The offer opens for subscription on May 31, 2024, and closes on June 4, 2024

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.

What does TBI Corn Limited do?

Originally established as a partnership firm named “M/s The Best India” in 2000, the company converted to a limited company called TBI Corn Limited in June 2022. It has grown into a prominent player in the corn milling industry. The company, promoted by Mr. Yogesh Laxman Rajhans, specializes in high-quality corn and maize products such as Corn Grits, Corn Flakes, and Corn Flour, all free from chemical additives and GMOs.

With certifications including ISO 9001:2015, ISO 22000:2018, MSME, APEDA, and organic certifications, TBI Corn Limited has expanded its market reach to countries across the Gulf, Asia, and soon Europe and the US. The company’s evolution includes significant milestones like diversifying its product range and establishing a fully automated food processing unit. With multiple units in MIDC Miraj and a strong focus on research and development, TBI Corn Limited continues to be a trusted name in the industry, committed to quality and innovation.

Schedule/Timeline of TBI Corn Limited IPO

Issue Period 31st May to 4th June 2024
UPI Mandate Deadline Until 5 PM on the issue closing day
Allotment Finalization June 05, 2024
Refund Initiation June 06, 2024
Share Credit June 06, 2024
Listing Date June 07, 2024
Mandate end date June 19, 2024
Lock-In End Date for Anchor Investors (50%) July 05, 2024
Lock-In End Date for Anchor Investors (Remaining) September 03, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the TBI Corn Limited IPO?

You can apply for the TBI Corn Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for TBI Corn Limited IPO?

You can check the allotment status for the TBI Corn Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.