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
| DRHP | Download |
| RHP | Download |
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
CAMEO CORPORATE SERVICES LIMITED
“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]
Website: http://www.indongteaco.com/
Indong Tea Company IPO Lead Managers
FINSHORE MANAGEMENT SERVICES LIMITED
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]