Indong Tea Company Limited IPO
Indong Tea Company Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹26 per share. The stock debuted at ₹20.8. The IPO had a lot size of ₹4000 shares and a minimum investment of ₹1,04,000.
Indong Tea Company Limited IPO
- IPO Dates
- Feb 9, 2023 – Feb 13, 2023
- Price band
- ₹26 per equity share
- Minimum Investment
- ₹1,04,000
- Issue size
- 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr) Fresh Issue : 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr)
- Lot size
- 4000
- Allotment Date
- Feb 16, 2023
- Listing
- Feb 21, 2023
- Listing At
- BSE SME
IPO timeline
-
Feb 9, 2023
Open Date
Completed
-
Feb 13, 2023
Close Date
Completed
-
Feb 16, 2023
Allotment Date
Completed
-
Feb 21, 2023
Listing Date
Completed
Indong Tea Company Limited IPO Essentials
Indong Tea Company Limited IPO Details
Indong Tea Company Limited IPO is priced at ₹26 per share with a total issue size of 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr) Fresh Issue : 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr). The IPO has a lot size of 4000 shares and is listed on BSE SME.
- Issue price
- ₹26 per equity share
- Lot size
- 4000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr)
Fresh Issue : 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr) - Listing at
- BSE SME
- List price
- 20.80
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Finshore Management Services Limited
Indong Tea Company Limited IPO Analytics
Indong Tea Company Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Indong Tea Company Limited IPO Subscription Status
Indong Tea Company Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,376,000 | 2,376,000 | 4,752,000 |
|
Day 1
09-02-23 06:00 PM
|
(0.32) x | 0.79 x | 0.56 x |
|
Day 2
10-02-23 06:00 PM
|
(0.58) x | 1.86 x | 1.22 x |
|
Day 3
13-02-23 06:00 PM
|
(2.17) x | 7.76 x | 4.97 x |
Indong Tea Company Limited Valuations
Earnings
- EPS (Post IPO)
- ₹2.12/-
- P/E Ratio
- 12.26
Returns
- RoNW
- 15.24%
Indong Tea Company Limited Financials( In Lakhs)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 4324.96 | 4059.79 | 4136.26 |
| Revenue | 1992.97 | 2313 | 1672.64 |
| Profit After Tax | 131.62 | 127.56 | -121.29 |
Indong Tea Company Limited Company & Offer Insights
About Indong Tea Company Limited
Incorporated in 1990, Indong Tea Company Limited owns and operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated in Jalpaiguri District of West Bengal. The company is presently managed under the leadership of Sri Hariram Garg, one of the main promoters of the Company. The main business of the company is manufacturing of Tea.
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 Bungalows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc
Indong Tea Company Limited Promoter(s)
Mr. Hariram Garg, Mr. Madanlal Garg, M/s. Asian Tea & Exports Limited are the company's promoters of Indong Tea Company Limited.
Indong Tea Company Limited IPO Issue Objectives
- •
- 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
- •
- To meet the working capital requirements
- •
- To meet the Issue Expenses
- •
- General Corporate Purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Indong Tea Company Limited IPO is a Fixed Priced IPO worth ₹5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr) Fresh Issue : 5,004,000 shares of ₹10(aggregating up to ₹13.01 Cr). The issue price is ₹26 per share (fixed price). The IPO opens on Feb 9, 2023 and closes on Feb 13, 2023. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Indong Tea Company Limited IPO is ₹26 per share (fixed price).
The lot size of Indong Tea Company Limited IPO is 4000 shares.
The minimum investment for Indong Tea Company Limited IPO is approximately ₹1,04,000 based on the issue price .
Indong Tea Company Limited IPO opens on Feb 9, 2023 and closes on Feb 13, 2023.
The allotment date of Indong Tea Company Limited IPO is Feb 16, 2023.
Indong Tea Company Limited IPO is expected to be listed on Feb 21, 2023, on BSE SME Platform.
Indong Tea Company Limited IPO valuation snapshot: P/E 12.26, EPS ₹2.12/-, P/B N/A, RoNW 15.24%, and market cap N/A.
To apply for Indong Tea Company Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Indong Tea Company Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Indong Tea Company Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Indong Tea Company Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indong Tea Company Limited IPO allotment status on IPO Ji for quick and easy access.