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TBI Corn IPO
TBI Corn Ltd
₹1,08,000 /1200 sharesMinimum Investment
TBI Corn IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 31 May ‘24 - 4 Jun ‘24 | ₹1,08,000 | 1,200 | ₹90 - ₹94 |
| Issue Size | IPO Doc |
|---|---|
| 44.94Cr | RHP PDF |
About TBI Corn
Founded in
2022
Managing director
Ms. Yogesh Laxman Rajhans
Parent organisation
TBI Corn Ltd
Strengths & Financials of TBI Corn
Strengths
Risks
The company holds ISO 9001:2015 and ISO 22000:2018 certifications.
The company also holds certificates from MSME and APEDA, and is Indian Organic and USDA Organic certified.
The company has expanded its presence in international markets, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam and South Korea.
The company’s revenue from operations has been growing steadily over the years. It grew from Rs 66.96 crore in FY21 to Rs 100.29 crore in FY22 to Rs 139.30 crore in FY23.
The company’s top 10 customers accounted for revenues worth Rs 23.24 crore and Rs 55.26 crore, which is almost 33.19% and 39.75% of the total revenue generated as of 30 September, 2023 and 31 March, 2023 respectively. Any slowdown in orders from these customers can adversely affect the business.
The company’s top 10 suppliers accounted for Rs 35.40 crore and Rs 68.09 crore worth of purchases, which is almost 49.17% and 47.28% of the total purchase as of 30 September 2023 and 31 March, 2023 respectively. Any loss of supplies from these key suppliers could hurt the business prospects of the company.
The company’s domestic sales are dependent on the top 5 states – Maharashtra, Gujarat, Tamil Nadu, Karnataka, and Madhya Pradesh. These five states account for almost 79.18% and 71.52% of the revenue of the total domestic sales generated as on 30 September 2023 and 31 March 2023, respectively. Any disruption in business from these states can adversely impact the company’s business.
There are certain legal proceedings against the company, its promoter, directors, and group company. Any adverse decision in these proceedings could adversely impact the company’s business.
The company is dependent on continuing relationships with its clients, with whom it has not entered into long-term arrangements.
The company has unsecured loans from directors and relatives of directors, which are repayable on demand. Any demand from lenders for repayment of these unsecured loans may adversely affect the company's liquidity and business operations.
TBI Corn Financials
*All values are in Rs. Cr
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Application Details of TBI Corn IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹90 - 94 | ₹2 - 5 Lakh |
| High Networth Individual | ₹90 - 94 | ₹2 - 5 Lakh |
For TBI Corn IPO, eligible investors can apply as Regular.