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15 Days Price Change

TBI Corn IPO

Closing In

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WEBSITE Inc. Year: 2022 Industry: Consumer Food Listed Page

Profile
Issue Size --
Profile
Price Range 90  to  94 per share
Profile
Min Investment ₹94
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

TBI Corn Limited is a dynamic agricultural company specializing in the cultivation, processing, and distribution of high-quality corn products. Established with a vision to revolutionize the corn industry, TBI Corn Limited integrates advanced farming techniques and sustainable practices to ensure optimal yield and minimal environmental impact. The company's product line includes a range of corn derivatives, such as cornmeal, corn syrup, and animal feed, catering to both domestic and international markets. With a commitment to innovation and quality, TBI Corn Limited invests in state-of-the-art processing facilities and rigorous quality control measures to maintain superior standards. Additionally, the company places a strong emphasis on corporate social responsibility, engaging in community development projects and supporting local farmers through training and fair trade initiatives. TBI Corn Limited is poised to become a leader in the global corn industry, driving growth and sustainability in agriculture. Read More

Basic Info

Face Value 10 per share

Price 90  to  94 per share

P/E (x) 12.5

Sales( Cr.) 212

PAT( Cr.) 14

EPS 7.5

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Yogesh Laxman Rajhans Mrs. Asha Laxman Rajhans

Pre Issue Share Holding 100%

Post Issue Share Holding 59.81%

Listing Details:

Listing Price: 198

Listing Gain: 52.53%

Current Price: 67.1

Gain On Issue: 67.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 31, 2024
Closing Date Jun 04, 2024
Allotment Jun 05, 2024
Refund Jun 06, 2024
Delivery of Shares Jun 06, 2024
Listing Date Jun 07, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 112,800
Retail (Max) 1 1200 112,800
S-HNI (Min) 2 2400 225,600
S-HNI (Max) 8 9600 902,400
B-HNI (Min) 9 10800 1,015,200

Objective of the Issue

1. Expansion of Existing Unit 2. To Meet Incremental Working Capital Requirement 3. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 2390426 194604581 81.4x
NII 717128 370396612 516.5x
Retail 1673298 875620110 523.3x
EMP 0 0 0x
Total 4780851 1105380560 231.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

TBI Corn Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 158 212
Other Income 1 2
Total Income 159 214
Total Expenditure 140 188
Operating Profit 19 26
Interest 4 5
Depreciation 1 2
Exceptional Income / Expenses 0 0
Profit Before Tax 14 18
Provision for Tax 3 5
Profit After Tax 10 14
Adjustments 0 0
Profit After Adjustments 10 14
Adjusted Earnings Per Share 7.6 7.5

TBI Corn Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 43 101
Minority's Interest 0 0
Borrowings 9 5
Other Non-Current Liabilities 0 0
Total Current Liabilities 50 73
Total Liabilities 102 180
Fixed Assets 8 17
Other Non-Current Assets 6 7
Total Current Assets 88 156
Total Assets 102 180

TBI Corn Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0
Cash Flow from Operating Activities -3 -30
Cash Flow from Investing Activities -8 -12
Cash Flow from Financing Activities 11 42
Net Cash Inflow / Outflow 0 -0
Closing Cash & Cash Equivalent 0 0

TBI Corn Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.55 7.51
CEPS(Rs) 8.16 8.71
DPS(Rs) 0 0
Book NAV/Share(Rs) 32.01 55.84
Core EBITDA Margin(%) 11.22 11.18
EBIT Margin(%) 11.32 11.18
Pre Tax Margin(%) 8.58 8.63
PAT Margin (%) 6.38 6.44
Cash Profit Margin (%) 6.89 7.47
ROA(%) 9.93 9.67
ROE(%) 23.59 18.91
ROCE(%) 20.21 18.56
Receivable days 71.28 66.01
Inventory Days 117.35 104.46
Payable days 32.28 25.11
PER(x) 0 10.3
Price/Book(x) 0 1.38
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.37 0.97
EV/Core EBITDA(x) 3.14 7.93
Net Sales Growth(%) 0 33.83
EBIT Growth(%) 0 32.14
PAT Growth(%) 0 34.97
EPS Growth(%) 0 -0.57
Debt/Equity(x) 1.07 0.64
Current Ratio(x) 1.75 2.13
Quick Ratio(x) 0.74 1.17
Interest Cover(x) 4.13 4.39
Total Debt/Mcap(x) 0 0.46

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 0% 0% 0%
Operating Profit CAGR 37% 0% 0% 0%
PAT CAGR 40% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -38% NA% NA% NA%
ROE Average 19% 21% 21% 21%
ROCE Average 19% 19% 19% 19%

Company Contact Information

TBI Corn Ltd.

A5/3 & A5/4 M I D C, Miraj Tal- Miraj

IPO Lead Manager(s)

TBI Corn Ltd.

Swastika Investmart Ltd.

Ekadrisht Capital Private Limited

Registrar Info

TBI Corn Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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