Incorporated in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified. The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.
The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.
All products are made without chemical additives or preservatives and are GMO-free.
The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.
As of 31st December 2023, the company has a total of 48 employees
TBI Corn Limited’s revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,963.40 | 12,162.04 | 4,317.63 | 4,254.86 |
| Revenue | 7,120.28 | 14,042.63 | 10,097.26 | 6,776.38 |
| Profit After Tax | 666.75 | 686.09 | 45.16 | 23.93 |
| Net Worth | 3,964.81 | 2,677.81 | 683.24 | 512.42 |
| Reserves and Surplus | 2,627.05 | 1,677.49 | ||
| Total Borrowing | 5,140.73 | 6,352.82 | 2,549.48 | 2,300.94 |
| Amount in ₹ Lakhs | ||||
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
TBI Corn IPO opens on May 31, 2024, and closes on June 4, 2024.
| IPO Open Date | Friday, May 31, 2024 |
| IPO Close Date | Tuesday, June 4, 2024 |
| Basis of Allotment | Wednesday, June 5, 2024 |
| Initiation of Refunds | Thursday, June 6, 2024 |
| Credit of Shares to Demat | Thursday, June 6, 2024 |
| Listing Date | Friday, June 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2024 |
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