May 31, 2024 - June 4, 2024

TBI Corn IPO Subscription Details

TBI Corn IPO Subscription Status Live

TBI Corn IPO subscribed 231.21 times. The public issue subscribed 523.29 times in the retail category, 81.41 times in QIB, and 516.50 times in the NII category by June 4, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	81.41	908,800	7,39,83,600	695.45
Non-Institutional Buyers*	516.50	681,600	35,20,44,000	3,309.21
Retail Investors	523.29	1,592,000	30,97,89,600	2,912.02
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	231.21	3,182,400	73,58,17,200	6,916.68

Total Application : 258,158 (194.69 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 240,000 equity shares not included.

TBI Corn IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 May 31, 2024	0.02	6.82	13.80	8.37
Day 2 June 3, 2024	0.23	48.76	90.33	55.69
Day 3 June 4, 2024	81.41	516.50	523.29	231.21

TBI Corn IPO Shares Offered

TBI Corn IPO is a public issue of 4,780,800 equity shares. The issue offers 1,592,000 shares to retail investors, 908,800 shares to qualified institutional buyers, and 681,600 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,358,400	12.77	28.41%
Market Maker	240,000	2.26	5.02%
QIB	908,800	8.54	19.01%
NII*	681,600	6.41	14.26%
Retail	1,592,000	14.96	33.30%
Total	4,780,800	44.94	100%

TBI Corn IPO Anchor Investor Allocation

A total of 1,358,400 shares at a price of Rs 94 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Saint Capital Fund	134,400	94	9.89	12,633,600
2	Persistent Growth Fund- Varsu India Growth Story Scheme 1	319,200	94	23.5	30,004,800
3	Next Orbit Ventures Fund	638,400	94	47	60,009,600
4	India Emerging Giants Fund Limited	266,400	94	19.61	25,041,600
		1,358,400		100	127,689,600

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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TBI Corn IPO Subscription FAQs

The TBI Corn IPO is subscribed 231.21 by June 4, 2024.