Indong Tea is engaged in the business of tea plantation and manufacturing of CTC Tea at Indong Tea Estate in Jalpaiguri, West Bengal. The Indong Tea Estate is spread over 740.38 hectares that include tea plantation, tea factory, withering, trough house, quarters, general stores, dairy farm, etc.
The tea garden is producing high-quality CTC Tea in Dooar’s region. Its key business verticals include manufacturing of CTC tea and Clonal cutting. Its product and service portfolio comprised of CTC (Crush/Cut, Tear, Curl) tea, tea plantation, manufacturing, rolling, fermentation, drying grading, and packaging.
Indong Tea Company IPO – Details
| IPO Opening Date | 09 February 2022 |
| IPO Closing Date | 13 February 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 50,04,000 Shares Worth ₹13.01 Crore Fresh Issue: 50,04,000 Shares Worth ₹13.01 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Indong Tea Company IPO – Date Schedule
| IPO Open Date | 09 February 2023 |
| IPO Close Date | 13 February 2023 |
| Basis of Allotment Date | 16 February 2023 |
| Initiation of Refunds | 17 February 2023 |
| Credit of Shares to Demat Account | 20 February 2023 |
| IPO Listing Date | 21 February 2023 |
Indong Tea Company IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 4000 | 1,04,000 |
| Maximum | 1 | 4000 | 1,04,000 |
Competitive Strengths
- Organisation stability, Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model
- ISO Certifications
Company Promoters
- Mr. Hariram Garg
- Mr. Madanlal Garg
- Mr. Sanjay Mitruka
- M/s. Asian Tea & Exports Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 16.72 | 15.04 | -1.21 |
| 31 March 2021 | 23.13 | 18.87 | 1.27 |
| 31 March 2022 | 19.92 | 16.16 | 1.31 |
Object Of The Issue
- Funding Capital Expenditure towards Extension, Uprooting and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal
- Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal
- Prepayment, in full of certain borrowings availed by our company
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
Indong Tea Company IPO Promoter Holding
| Pre Issue Share Holding | 96.09% |
| Post Issue Share Holding | 64.03% |
Indong Tea Company IPO Prospectus
Company Contact Information
| Indong Tea Company Limited Sikkim Commerce House, 4/1, Middleton Street, Kolkata,West Bengal,-700071 India Website: http://www.indongteaco.com/ Phone: +91 33 4006 3601 Email: cs@indongteaco.com |
Indong Tea Company IPO Registrar
| Cameo Corporate Services Limited Cameo Corporate Services Ltd., Subramanian Building #1, Club House Road, Chennai 600 002 – India Website: https://online.cameoindia.com/ Phone: +91-44-28460390 Email: investor@cameoindia.com |
Indong Tea Company IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Indong Tea Company IPO FAQs
| What is Indong Tea Company IPO? Indong Tea Company IPO is a SME IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on BSE SME. |
| When Indong Tea Company IPO will open? The IPO is to open on 09 February 2023 for NII and Retail Investors. |
| What is Indong Tea Company IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Indong Tea Company IPO? You can apply Indong Tea Company IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Indong Tea Company IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Indong Tea Company IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Indong Tea Company IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Indong Tea Company IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Indong Tea Company IPO Size? Indong Tea Company IPO size is ₹13.01 crores. |
| What is Indong Tea Company IPO Price Band? Indong Tea Company IPO Price Band is ₹26. |
| What is Indong Tea Company IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,04,000 amount while the maximum bid is 4000 shares with ₹1,04,000. |
| What is the Indong Tea Company IPO Allotment Date? Indong Tea Company IPO allotment date is 16 February 2023. |
| What is the Indong Tea Company IPO Listing Date? Indong Tea Company IPO listing date is 21 February 2023. The IPO is to list on BSE SME. |
