Indong Tea Company IPO date is fixed, The IPO will open on September 27 and will close on September 30, 2022. Indong Tea Company is a BSE SME IPO to raise ₹13.01 crores via IPO. The Indong Tea Company IPO price band is fixed at ₹26 with a market lot of 4000 shares.
Indong Tea Company Limited owns and operates Tea Garden (under Government lease) in Western Dooars perched in the foothills of a Himalayan Range. They are a Tea manufacturer having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Door’s region situated in Jalpaiguri District of West Bengal. The product range includes CTC (Crush/Cut, Tear, Curl) Tea.
Sri Hariram Garg & his Associates Company are the current promoter and under his leadership and effors the company is doing the business of Tea manufacturing. They also started a well-planned “Dairy Farm” having comfortable accommodation facility for around 75-80 bovines. Their current tea estate is spread in total Gross Area Grant was 740.38 Hq.
Objects 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.
- To meet the working capital requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Indong Tea Company IPO Review
| Date | GMP | Kostak | Subject to |
| 24 September | ₹- | ₹- | ₹- |
Indong Tea Company IPO Date & Price Band Details
| Indong Tea Company IPO Open: | September 27, 2022 |
| Indong Tea Company IPO Close: | September 30, 2022 |
| Indong Tea Company IPO Size: | Approx ₹13.01 Crores, 5,004,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Indong Tea Company IPO Price Band: | ₹26 Per Equity Share |
| Indong Tea Company IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Indong Tea Company IPO Market Lot
The Indong Tea Company IPO minimum market lot is 4000 shares with a ₹104,000 application amount.
| Minimum IPO Lot Size: | Minimum 4000 shares for 1 lot |
| Minimum Amount: | ₹104,000 for 1 lot |
Indong Tea Company IPO Dates
The Indong Tea Company IPO date is September 26 and the IPO close date is September 30. The IPO allotment date is October 6 and the IPO might list on October 11.
| Indong Tea Company IPO Open Date: | September 26, 2022 |
| Indong Tea Company IPO Close Date: | September 30, 2022 |
| Basis of Allotment: | October 6, 2022 |
| Refunds: | October 7, 2022 |
| Credit to Demat Account: | October 10, 2022 |
| Indong Tea Company IPO Listing Date: | October 11, 2022 |
You can check Indong Tea Company IPO subscription status and Indong Tea Company IPO allotment status on their respective pages.
Indong Tea Company IPO Form
How to apply Indong Tea Company IPO? You can apply Indong Tea Company IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indong Tea Company IPO in the Invest section. The other option you can apply Indong Tea Company IPO via IPO forms download via the BSE website. Check out the Indong Tea Company forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Indong Tea Company Company Financial Report
| ₹ in Crores | |||
| Revenue | Expense | PAT | |
| 2020 | ₹16.73 | ₹15.05 | -₹1.21 |
| 2021 | ₹23.13 | ₹18.87 | ₹1.28 |
| 2022 | ₹19.93 | ₹16.16 | ₹1.32 |
Indong Tea Company IPO Valuation – FY2022
Check Indong Tea Company IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.12 per Equity Share |
| Price/Earning P/E Ratio: | 12.26 |
| Return on Net Worth (RoNW): | 15.24% |
| Net Asset Value (NAV): | ₹13.94 per Equity Share |
Peer Group
- Tata Consumer Products Ltd
- Goodricke Group Ltd
- Dhunseri Tea & Industries Ltd
- Neelamalai Agro Industries Ltd
Company Promoters
- Mr. Hariram Garg
- Mr. Madanlal Garg
- M/s. Asian Tea & Exports Limited
Indong Tea Company IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Indong Tea Company IPO Allotment Status
Check Indong Tea Company IPO allotment status on Cameo Corporate website URL. Click Here
Indong Tea Company IPO Lead Managers
- Finshore Management Services Limited
Company Address
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 FAQs
What is Indong Tea Company IPO?
Indong Tea Company IPO is a BSE SME IPO. They are going to raise ₹13.01 Crores via IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on BSE.
When Indong Tea Company IPO will open?
What is Indong Tea Company IPO Investors Portion?
How to Apply the Indong Tea Company IPO?
How to Apply the Indong Tea Company IPO through Zerodha?
How to Apply the Indong Tea Company IPO through Upstox?
How to Apply the Indong Tea Company IPO through Paytm Money?
What is Indong Tea Company IPO Size?
What is Indong Tea Company IPO Price Band?
Indong Tea Company IPO Price Band is ₹26 per equity share.
What is Indong Tea Company IPO Minimum and Maximum Lot Size?
What is Indong Tea Company IPO Allotment Date?
What is Indong Tea Company IPO Listing Date?
Note: The Indong Tea Company IPO details are announced officially. The IPO grey market premium (Indong Tea Company IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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