31 Mar 2021
Assets42.55
Total Income67.76
Profit After Tax0.24
NET Worth5.12
Total Borrowing23.01
At a glance
Updated 2026-08-24The shares listed at ₹198.00, a 110.64% move from the issue price. TBI Corn is a SME IPO with an issue size of ₹44.94 crore, proposed for listing on NSE SME. The offer opens on 31st May 2024 and closes on 4th Jun 2024. The issue structure includes a fresh issue of ₹42.68 crore. The current listing schedule points to 7th Jun 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹44.94 Cr
Fresh issue₹42.68 Cr
Face value₹10
Price band₹90.00–₹94.00
Allotment5th Jun 2024
Listing7th Jun 2024
Listing performance
Full performance ↗Issue price₹94.00
Listing price₹198.00
Current price—
Listing gain110.64%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹71.00
GMP / upper price75.53%
Est. listing₹165.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens31st May 2024
Closes4th Jun 2024
Allotment5th Jun 2024
Refund6th Jun 2024
Demat6th Jun 2024
Listing7th Jun 2024
Subscription demand
Full bidding ↗Total231.21×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹112,800 |
Company
Incorporated2000
Use of proceeds
| Object | Amount |
|---|---|
| Expansion of Existing Unit | ₹16.80 Cr |
| To Meet Incremental Working Capital Requirements | ₹17.00 Cr |
| General Corporate Purpose | ₹8.94 Cr |
Financials
Full financials ↗31 Mar 2022
Assets43.18
Total Income100.97
Profit After Tax0.45
NET Worth6.83
Total Borrowing25.49
31 Mar 2023
Assets121.62
Total Income140.43
Profit After Tax6.86
NET Worth26.78
Reserves and Surplus16.77
Total Borrowing63.53
31 Dec 2023
Assets95.12
Total Income101.97
Profit After Tax7.66
NET Worth40.68
Reserves and Surplus27.30
Total Borrowing51.37
Trend chart₹ crore
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 18.84% |
| ROCE | 18.65% |
| Debt / Equity | 0.43% |
| RoNW | 18.84% |
| PAT Margin | 7.59% |
| Price to Book Value | 3.09 |
Valuation & shareholding
Pre-IPO EPS5.13
Post-IPO EPS5.63
Pre-IPO P/E18.33
Post-IPO P/E16.7
Promoter holding pre76.65%
Promoter holding post57.71%
Market cap₹170.69 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Lead Manger Fees including Underwriting Commission and Other intermediaries Fee. | ₹2.10 Cr |
| Fees Payable Advertising, Marketing Expenses and Printing Expenses. | ₹0.06 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.04 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Swastika Investmart Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.