IPO Synopsis
| TBI Corn Ltd |
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| Registered Office: A5/3 & A5/4 MIDC Miraj,Tal Miraj Dist,Sangli-416410, Maharashtra |
| Tel. No: 0233 2644 950 |
| Fax No: NA |
| Email: cs@tbicorn.com |
| Website: www.tbicorn.com |
| Initial public issue of upto 47,80,800 equity shares of face value of Rs. 10/- each of TBI Corn Limited ("TBI" or the "Company" or the "Issuer") for cash at a price of Rs. 94/- per equity share including a share premium of Rs. 84/- per equity share (the "Issue Price") aggregating to Rs. 44.94 crores ("The Issue"), of which 2,40,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 94/- per equity share including a share premium of Rs. 84/- per equity share aggregating to Rs. 2.26 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 45,40,800 equity shares of face value of Rs. 10/- each at a price of Rs. 94/- per equity share including a share premium of Rs. 84/- per equity share aggregating to Rs. 42.68 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.33% and 25.01%, respectively, of the post issue paid up equity share capital of the company. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 31-May-2024 | 04-Jun-2024 | ₹94.00 - 0.00 | |
| Minimum Application for shares in Nos : 1200.0 | Further Multiples of :1200.0 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 42.74 | Ekadrisht Capital Pvt Ltd |
| Project Financed through Current Offer | 44.94 | Swastika Investmart Ltd |
| Post Issue Equity Share Capital | 18.16 | |
| Issue Price | 94.00 |
| Projects |
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| Expansion of Existing Unit |
| To meet incremental working capital requirements |
| General corporate purposes |
| Promoted By |
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| Yogesh Laxman Rajhana |
| Asha Laxman Rajhans |
| Listing At |
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| NSE - SME |
| Registrar To The Issue |
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