The initial public offering (IPO) of TBI Corn, a corn milling company, has received strong investor interest on its first day of bidding. As of May 31, 2024, the issue is subscribed over 3 times, indicating strong demand for the company’s shares.

Here’s a breakdown of the subscription details:

  • Total Subscription: Over 3 times
  • Retail Investor Portion: Subscribed 16.97 times
  • Non-Institutional Investor (NII) Portion: Subscribed 2.70 times
  • Number of Bids: 1,18,86,000 shares against the offer size of 31,82,400 shares

This strong response suggests that investors are optimistic about TBI Corn’s future prospects. The company is a leading player in the corn milling industry, specializing in high-quality corn grits and related products.

Additional details about the TBI Corn IPO:

  • Price Band: Rs 90-94 per share
  • Lot Size: 1200 shares
  • Bidding Closes: June 4, 2024
  • Listing: Expected on June 7, 2024 on the NSE SME platform

Grey Market Premium (GMP):

The current grey market premium (GMP) for TBI Corn is Rs 95. It’s important to remember that GMP is an unofficial indicator of the expected listing price and not a guarantee of the actual price.

Overall, the TBI Corn IPO has generated significant investor interest and is likely to be a successful offering.

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Bhoi Smrutirekha Dharanidhar Marketing and Finance
Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

By Bhoi Smrutirekha Dharanidhar

Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

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