Indong Tea Company Limited IPO Review
Indong Tea Company Limited IPO Overview
Indong Tea Company Limited, founded in 1990, specializes in the production of tea. The company operates a Tea Garden under government lease and is involved in tea plantations and CTC tea manufacturing.
Their Indong Tea Estate encompasses 740.38 Hectares and includes a Tea Plantation, Tea Factory, Withering Trough House, Officer’s Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm, and other structures.
The company’s founders were Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria. Under a takeover scheme, ownership was transferred to Sri Hariram Garg, a promoter of Asian Group, in 2014.
Indong Tea Company Limited IPO Details
IPO Date | Feb 9, 2023 to Feb 13, 2023 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price | ₹26 per share |
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 Issue |
Retail Shares Offered | 50% of the Net Issue |
Market Maker | NIKUNJ STOCK BROKERS LIMITED |
Company Promoters | Mr. Hariram Garg, Mr. Madanlal Garg, and M/s. Asian Tea & Exports Limited are the promoters of the company. |
Indong Tea Company Limited IPO Financial Performance
Period Ended | Total Assets | Total Revenue |
31-Mar-20 | 4136.26 | 1672.64 |
31-Mar-21 | 4059.79 | 2313 |
31-Mar-22 | 4324.96 | 1992.97 |
Amount in ₹ Lakhs | ||
Profit After Tax | Net Worth | Total Borrowing |
-121.29 | -421.85 | 2097.43 |
127.56 | -294.3 | 1841.74 |
131.62 | 863.68 | 960.09 |
Amount in ₹ Lakhs | ||
Indong Tea Company Limited IPO Key Ratios
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Indong Tea Company Limited IPO GMP Trend
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Listing Performance of Indong Tea Company Limited IPO
Listed On : BSE SME
Issue Price : NA
Listing Day Close : NA
Listing Day Gain : NA
Indong Tea Company Limited IPO ISIN Code / Number
NSE : NA
ISIN CODE : NA
BSE : NA
Indong Tea Company Limited IPO Allotment Status
Indong Tea Company Limited IPO Brokers Reviews & Rating
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Indong Tea Company Limited IPO Important Dates
Opening Date | Feb 9, 2023 |
Closing Date | Feb 13, 2023 |
Basis of Allotment | Feb 16, 2023 |
Initiation of Refunds | Feb 17, 2023 |
Credit of Shares to Demat | Feb 20, 2023 |
Listing Date | Feb 21, 2023 |
Indong Tea Company Limited 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 Limited IPO Registrar Contact Details
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Indong Tea Company Limited IPO Subscription Details
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Indong Tea Company Limited IPO FAQ's
The Indong Tea Company Limited IPO is a BSE SME IPO of ₹26 per equity 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 Feb 9, 2023 to Feb 13, 2023. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and SME
The Indong Tea Company Limited IPO opens on Feb 9, 2023.
Indong Tea Company Limited IPO Market lot size is 4000 Shares..
The finalization of Basis of Allotment for Indong Tea Company Limited IPO will be done on Feb 16, 2023 and the allotted shares will be credited to your demat account by Feb 20, 2023. Check the Indong Tea Company Limited IPO status.
The Indong Tea Company Limited IPO listing date is on Feb 21, 2023
Indong Tea Company Limited 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
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