TBI Corn IPO is a book-built issue valued at ₹44.94 crores. The entire offering consists of 47.81 lakh fresh shares. The subscription window for the IPO of TBI Corn opens on May 31, 2024, and it will close on June 4, 2024. The allotment process is expected to be finalized on Wednesday, June 5, 2024. The company plans to list its shares on the NSE SME with a tentative listing date set for Friday, June 7, 2024.
The price band for the IPO of TBI Corn is ₹90 to ₹94 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹112,800. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (2,400 shares), amounting to ₹225,600.
Notably, TBI Corn operates in the agricultural sector, specifically dealing with corn-related products. The book-running lead managers for this IPO are Swastika Investmart Ltd and Ekadrisht Capital Private Limited, while Kfin Technologies Limited serves as the registrar for the issue.
Check the GMP of TBI Corn IPO below:
TBI Corn IPO Details :
| Company Name | TBI Corn |
| Sector | Agriculture |
| IPO Type | SME |
| IPO Open date | 31st May 2024 |
| IPO Close date | 04th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
TBI Corn IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,12,800 |
| HNI (Min) | 2 | 2400 | 2,25,600 |
TBI Corn IPO Timeline:
| IPO Open Date | 31st May 2024 |
| IPO Close Date | 04th June 2024 |
| Basis of Allotment | 05th June 2024 |
| Refund Initiation Date | 06th June 2024 |
| Shares Credit to Demat | 06th June 2024 |
| Listing Date | 07th Jun 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
