Indong Tea Company IPO Review
Indong Tea Company IPO Overview
Indong Tea Company Limited, founded in 1990, owns and maintains a Tea Garden under government lease and is involved in tea plantation and CTC tea manufacturing at Indong Tea Estate in West Bengal’s Jalpaiguri District. The firm is currently handled by Sri Hariram Garg, one of the company’s primary promoters. The company’s principal line of operation is tea manufacturing.
The Indong Tea Estate encompasses 740.38 Hectares and includes a Tea Plantation, Withering Trough House, Tea Factory, Officer’s Bungalows, Staff Quarters, Labour Quarters, General Stores, Pump House, Dairy Farm, and other structures.
Indong Tea Company IPO Details
Indong Tea Company IPO Date | Sep 27, 2022 to Sep 30, 2022 |
Indong Tea Company IPO Face Value | ₹10 per share |
Indong Tea Company IPO Price | ₹26 per share |
Indong Tea Company IPO Lot Size | 4000 Shares |
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) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
NII (HNI) Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Company Promoters | Mr. Hariram Garg, Mr. Madanlal Garg and M/s. Asian Tea & Exports Limited are the company promoters. |
Indong Tea Company IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-20 | 4136.26 | 1672.64 | -121.29 |
31-Mar-21 | 4059.79 | 2313 | 127.56 |
31-Mar-22 | 4324.96 | 1992.97 | 131.62 |
Amount in ₹ Lakhs | |||
Period Ended | Net Worth | Reserves and Surplus |
31-Mar-20 | 1685.65 | 1174.94 |
31-Mar-21 | 1813.21 | 1302.49 |
31-Mar-22 | 2971.18 | 1971.48 |
Amount in ₹ Lakhs | ||
Indong Tea Company IPO Key Ratios
FY 2020 | FY 2021 | FY 2022 | |
EPS | (2.37) | 2.50 | 2.12 |
PE ratio | – | – | 12.26 |
RONW (%) | – | – | 15.24 |
NAV | – | – | 13.94 |
EBITDA (%) | 9.84 | 18.32 | 18.83 |
Listing Performance of Indong Tea Company IPO
Listed On : BSE SME
Issue Price : ₹26 per share
Listing Day Close : NA
Listing Day Gain : NA
Indong Tea Company IPO ISIN Number Code
NSE : NA
ISIN CODE : INE0KN201016
BSE : NA
Indong Tea Company IPO Allotment Status
Indong Tea Company IPO Important Dates
Indong Tea Company IPO Opening Date | Sep 27, 2022 |
Indong Tea Company IPO Closing Date | Sep 30, 2022 |
Basis of Allotment | Oct 6, 2022 |
Initiation of Refunds | Oct 7, 2022 |
Credit of Shares to Demat | Oct 10, 2022 |
Indong Tea Company IPO Listing Date | Oct 11, 2022 |
Indong Tea Company IPO Contact Details
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071
Phone: +91 33 4006 3601
Email: cs@indongteaco.com
Website: http://www.indongteaco.com/
Indong Tea Company IPO Registrar Contact Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Indong Tea Company IPO FAQ's
The Indong Tea Company IPO is a BSE SME IPO of ₹26 per share with a face value of 10 per equity share.
The issue size is priced at 5,004,000 shares of ₹10 (aggregating up to ₹13.01 Cr).
The fresh issue size priced at 5,004,000 shares of ₹10 (aggregating up to ₹13.01 Cr).
The initial public offering (IPO) begins on Sep 27, 2022 and ends on Sep 30, 2022.
The registrar for the IPO is Link Intime India Private Ltd.
The Indong Tea Company IPO opens on Sep 27, 2022 and closes on Sep 30, 2022.
Indong Tea Company IPO Market lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
The finalisation of Basis of Allotment for Indong Tea Company IPO will be done on Oct 6, 2022. and the allotted shares will be credited to your demat account by Oct 10, 2022. Check the Indong Tea Company IPO status.
The Indong Tea Company IPO listing date is on Oct 11, 2022.
Indong Tea Company IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Indong Tea Company IPO Comments
Share this Content
Main Board IPO
SME IPO 2021
Upcoming IPO