Indong Tea Company Limited IPO
BSE SMEListed On: Feb 21, 2023 at ₹ 20.80
₹ 208000 /8000 Shares
*Min Investment
09 Feb, 2023
Open Date13 Feb, 2023
Close Date16 Feb, 2023
Allotment Date21 Feb, 2023
Listing DateIndong Tea Company Limited IPO Issue Details
- Issue Price ₹26 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 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 2023-02-21
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
Indong Tea Company Limited IPO Details
- Retail Portion N/A
Indong Tea Company Limited IPO Details
Indong Tea Company Limited IPO is an SME IPO, priced at ₹26 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Feb 9, 2023 to Feb 13, 2023. The allotment is expected to be finalized on Feb 16, 2023, and the tentative listing date is Feb 21, 2023.
The registrar of the IPO is Cameo Corporate Services Limited, and
Indong Tea Company Limited IPO Subscription Analysis And Details
| 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
Indong Tea Company Limited Company Financials
| 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 |
About Indong Tea Company Limited Company
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
Pre Issue Share Holding : 96.09%
Post Issue Share Holding : 64.03%
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
Indong Tea Company Limited IPO - FAQs
Ans. Indong Tea Company Limited IPO is a SME IPO. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Feb 9, 2023, and closes on Feb 13, 2023. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Indong Tea Company Limited IPO opens on Feb 9, 2023 and closes on Feb 13, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Indong Tea Company Limited IPO is 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).
Ans. The Indong Tea Company Limited IPO price band is set between ₹26 per equity share.
Ans. To apply for Indong Tea Company Limited IPO , follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Indong Tea Company Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Indong Tea Company Limited IPO is Feb 16, 2023.
Ans. The Indong Tea Company Limited IPO will be listed on Feb 21, 2023.
Ans. Follow the steps to check the Indong Tea Company Limited IPO allotment status online.
