TBI Corn Ltd. has announced public offering of 4780800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 84.00 per share. The gross proceeds of the issue are expected to be Rs 4,493.95 lakhs.

The company's initial public offer (IPO) will open on 31 May 2024 and is expected to close on 04 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 90.00-94.00 per share.

The IPO includes a fresh Issue of 4780800 Equity Shares of the Company at an price of Rs 94.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

TBI Corn Ltd. anticipates using the proceeds of the issue for .

SWASTIKA INVESTMART LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.