TBI Corn IPO Allotment Status, How to Check the Allotment Status?

TBI Corn

TBI Corn Limited is a leading manufacturer in the corn grits industry. Established in 1999, their fully automated machinery ensures a production capacity of 150 tons per day.

They specialize in producing high-quality corn/maize grits and related products. The company is ISO 22000:2018 and HALAL certified, catering to the domestic market in India and the snack & animal feed industries worldwide. 

TBI Corn IPO Allotment Status

TBI Corn is announcing its IPO share allotment status on June 5.

The IPO was very popular, with a 231-times subscription rate.

Investors can check if they got shares on Kfin Technologies' website or the NSE IPO allotment page.

If you get shares, they will be in your Demat account on June 6.

If you didn't get shares, you will get a refund on June 6.

TBI Corn shares will start trading on the NSE SME platform, Emerge, on June 7.

TBI Corn's IPO raised ₹44.94 crore and was in high demand, especially from non-institutional investors.

TBI Corn IPO Subscription Status

• TBI Corn's IPO got a lot of interest, with people wanting to buy 231.21 times more shares than are available.
• Regular people, or retail investors, wanted 523.29 times more shares than were offered.
• Big investors, called non-institutional investors (NIIs), wanted 516.50 times more shares.
• Institutional investors (QIBs) wanted 81.41 times more shares.
• The company got bids for 7.35 crore shares, but they were offering only 31.82 lakh shares.
• They reserved 50% of the shares for big investors, 35% for regular people, and 15% for other big investors.
• A market maker reserved 2,40,000 shares, which is about 5.02% of the total shares available.

How to Check TBI Corn IPO Allotment Status?

To check your TBI Corn IPO share allotment status on Kfin Technologies' website:

• Visit the registrar’s website.
• Click on the 'IPO Allotment Status' section.
• You'll see five server links; click on any of them.
• A new page will open; go to the 'IPO Allotment Status' section again.
• Choose “TBI Corn'' from the dropdown list.
• Enter either your application number, demat account number, or PAN.
• Type in the captcha and submit.
• Your share allotment status will be shown on the screen.

To check your TBI Corn IPO share allotment on the NSE website:

• Go to the NSE IPO allotment status page.
• Use the username and login ID received via email to log in (if you haven't created one, do so on the NSE official website).
• Choose TBI Corn IPO.
• Enter your PAN details.
• Enter your IPO application number and click on Submit.
• The company's name and the IPO share allocation status will be displayed on the screen after the company finalizes the allotment status.