Indong Tea Company IPO Date, GMP, Review, Price, Form & Market Lot Details

The Indong Tea Company IPO has begun on 9 Feb 2023. It will close on 13 Feb 2023. The Total IPO Size is 13.01 Crore. The company set its IPO price is 26 Rs Per Share. Basically, there are two basic categories in Indong Tea Company IPO Subscription 1) Non-Institutional Investors 2) Retail Individual Investors (RIIs).

Indong Tea Company is established in 1990.

Indong Tea Companyowns and operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated at Jalpaiguri District of West Bengal.

The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer’s Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc.

Check :- Upcoming SME IPO 2022

Company Strengths

1) Organisation stability, Rich management experience and skilled team
2) Smooth flow of operations:
3) Existing Supplier Relationship
4) Quality Policy
5) Customer Centric Business Model
6) ISO Certification
7) Well-defined organizational structure

Peers company

1) Tata Consumer Products Ltd
2) Goodricke Group Ltd.
3) Dhunseri Tea & Industries Ltd
4) Neelamalai Agro Industries Ltd

Indong Tea Company IPO Promotors

1) Hariram Garg
2) Madanlal Garg
3) M/s. Asian Tea & Exports Limited

Indong Tea Company IPO Date, Details & Price Band

IPO Opening Dates 09 Feb 2023
IPO Closing Dates 13 Feb 2023
Price Band 26 Rs Per Share
Fresh issue 13.01 Crore
Offer for Sale NIL
Total IPO size 13.01 Crore
Minimum bid (lot size) 4000 Shares
Face Value 10 INR Per Share
Retail Allocation 50%
Non-Institutional 50%
Listing On BSE SME

Indong Tea Company IPO Market Lot

The Indong Tea Company IPO minimum market lot is 4000 shares With 1,04,000 ₹ Amount per application.

Lot No of Shares Amount
Minimum 1 4000 1,04,000 Rs
Maximum 1 4000 1,04,000 Rs

Restated Financial Record of the three year (Amt. in Lakhs)

Total Assets Total Revenue Profit After Tax Earnings per equity share
31-Mar-22 4324.96 1992.97 131.62 2.12
31-Mar-21 4059.79 2313 127.56 2.50
31-Mar-20 4136.26 1672.64 -121.29 (2.37)

Indong Tea Company IPO GMP & Grey Market Premium

Indong Tea Company IPO GMP/Grey market premium has been started today. Check Latest Indong Tea Company IPO GMP, Kostak Rates and Subject to Sauda Price here.

Indong Tea Company IPO Prospectus

Indong Tea Company IPO
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Indong Tea Company IPO Reviews

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Indong Tea Company IPO Form Download

Indong Tea Company IPO is available on BSE Website as well as on our Portal. Please click here Indong Tea Company IPO form Download.

Indong Tea Company IPO Allotment Date & Details

Allotment Date 16 Feb 2023
Initiation of refunds 17 Feb 2023
Transfer of shares to Demat accounts 20 Feb 2023
Listing Date 21 Feb 2023
Check Allotment Status Click here

Registrar of Indong Tea Company IPO

“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
Contact Person: Mr. R.D. Ramasamy, Director
Telephone: +91-44-40020700, 28460390
Email: [email protected]

Indong Tea Company Contact Details

Indong Tea Company Limited
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071
Phone: +91 33 4006 3601
Email: [email protected]

Indong Tea Company IPO Lead Managers

Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
Contact Person: Mr. S. Ramakrishna Iyengar
Telephone: 033 – 22895101
Email: [email protected]

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