Indong Tea Company Limited IPO (Indong Tea IPO)

Indong Tea Company Limited IPO
Upcoming Indong Tea Company Limited IPO | New Indong Tea Company Limited IPO

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

Indong Tea Company IPO – Details

IPO Opening Date09 February 2022
IPO Closing Date13 February 2022
Issue TypeFixed Price Issue IPO
Issue Size50,04,000 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 Lot4000 Shares
Min Order4000 Shares (1 Lot)
Listing AtBSE SME
RegisterCameo Corporate Services Limited
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Indong Tea Company IPO – Date Schedule

IPO Open Date09 February 2023
IPO Close Date13 February 2023
Basis of Allotment Date16 February 2023
Initiation of Refunds17 February 2023
Credit of Shares to Demat Account20 February 2023
IPO Listing Date21 February 2023

Indong Tea Company IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum140001,04,000
Maximum140001,04,000

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

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202016.7215.04-1.21
31 March 202123.1318.871.27
31 March 202219.9216.161.31
Amount in ₹ Crore

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
Issue Object

Indong Tea Company IPO Promoter Holding

Pre Issue Share Holding96.09%
Post Issue Share Holding64.03%

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

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.
Share Market IPO App
Previous articleTrident Lifeline Limited IPO (Trident Lifeline IPO)
Next articleSwastik Pipe Limited IPO (Swastik Pipe IPO)