TBI Corn Limited IPO GMP Today, Price Range and Company Details

TBI Corn IPO features a ₹80 Grey Market Premium, priced between ₹90 to ₹94 per share. Offering 1200 share lots, subscriptions open from May 31 to June 4, 2024.
TBI Corn Limited IPO GMP Today, Price Range and Company Details (1)

As of May 30, 2024, TBI Corn has ₹80 as Grey Market Premium, with a price range of ₹90 to ₹94 per share. Offering lots of 1200 shares, the subscription window is open from May 31, 2024, to June 4, 2024. 

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TBI Corn Limited IPO GMP Today

The Grey Market Premium (GMP) for TBI Corn Limited is ₹80 as of May 30, 2024. This assessment coincides with a price of ₹90 to ₹94 per share for the IPO.

TBI Corn Limited IPO Review

TBI Corn Limited’s financials show a mixed yet encouraging performance, with revenue rising from ₹10,028.55 lakhs in March 2022 to ₹13,930.48 lakhs in March 2023. Despite a drop in profitability, equity growth and reduced debt usage signify strong potential, while the current ratio suggests enhanced liquidity.

The company’s financial stability is underscored by an increase in total assets and a significant boost in Return on Net Worth (RoNW), climbing from 6.61% to 18.84%. However, a decline in Earnings per Share (EPS) from ₹805.53 to ₹18.63 indicates challenges in maintaining investor earnings amidst expansion.

Get the Complete Fundamental Analysis of the TBI Corn IPO

TBI Corn Limited IPO Date

TBI Corn Limited will start accepting subscriptions from May 31, 2024, to June 4, 2024

TBI Corn Limited IPO Price

TBI Corn Limited’s price range is ₹90 to ₹94 per share with a face value of ₹10 each.

TBI Corn Limited

TBI Corn Limited specialises in GMO-free, organic corn products and turmeric, serving markets like the Gulf, Sri Lanka, Europe, and the US with various organic and ISO certifications. They supply top Indian firms with corn for starch and cattle feed, emphasising innovation and global expansion through dedicated R&D, ensuring sustained quality and growth.

How To Apply For TBI Corn Ltd IPO?

To apply for the TBI Corn through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for TBI Corn on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.You can apply for the TBI Corn IPO at Alice Blue in just a few clicks!

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