Indong Tea Company Limited
BSE SME₹104,000 / 4000 Shares
Indong Tea Company Limited IPO Details
The Indong Tea Company Limited IPO price band is set between ₹26 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 9 Feb, 2023 and closes on 13 Feb, 2023. Investors can check the allotment status on 16 Feb, 2023, while the listing date is tentatively scheduled for 21 Feb, 2023.
The total issue size is 5,004,000 shares of ₹10, aggregating up to ₹13.01 Cr. Stay tuned for the latest Indong Tea Company Limited IPO review and GMP updates.
Indong Tea Company Limited IPO Review, Rating & Analysis
Indong Tea Company Limited IPO Review
NO REVIEWIndong Tea Company Limited IPO Rating
Indong Tea Company Limited IPO Highlights
IPO Date
Feb 9, 2023 - Feb 13, 2023
Listing Date
21 Feb, 2023
Face Value
₹10 Per Equity Share
Price Band
₹26 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Indong Tea Company Limited IPO Lot Size
The minimum market lot for Indong Tea Company Limited IPO is 4000 shares with an application amount of ₹1,04,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,04,000 |
| Retail (Max) | 1 | 4000 | ₹1,04,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,08,000 |
| S-HNI (Max) | 9 | 36000 | ₹9,36,000 |
| B-HNI (Min) | 10 | 40000 | ₹10,40,000 |
Indong Tea Company Limited IPO Timeline
Issue Price
₹26 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Finshore Management Services LimitedIssue 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)Indong Tea Company Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 4324.96 | 1992.97 | 131.62 | - | - | - |
| 31 Mar 21 | 4059.79 | 2313 | 127.56 | - | - | - |
| 31 Mar 20 | 4136.26 | 1672.64 | -121.29 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Hariram Garg
- Mr. Madanlal Garg
- M/s. Asian Tea & Exports Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.09% | 64.03% |
About 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 IPO Subscription 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 |
Frequently Asked Questions about Indong Tea Company Limited IPO
When will Indong Tea Company Limited IPO open for subscription?
The Indong Tea Company Limited IPO opens on 9 Feb, 2023 and closes on 13 Feb, 2023.
What is the investors portion for Indong Tea Company Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2376000.
How to apply for Indong Tea Company Limited IPO?
You can apply for Indong Tea Company Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Indong Tea Company Limited IPO?
The issue size of Indong Tea Company Limited IPO is approx ₹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) crores.
What is the price band of Indong Tea Company Limited IPO?
The price band for Indong Tea Company Limited IPO is ₹26 per equity share to ₹undefined.
What is the lot size of Indong Tea Company Limited IPO?
The minimum bid (lot size) for Indong Tea Company Limited IPO is N/A shares with an investment of approx ₹104,000 .
What is the allotment date of Indong Tea Company Limited IPO?
The allotment date for Indong Tea Company Limited IPO is 16 Feb, 2023.
What is the listing date of Indong Tea Company Limited IPO?
The listing date for Indong Tea Company Limited IPO is expected to be 21 Feb, 2023.
What is the GMP of Indong Tea Company Limited IPO?
The latest Grey Market Premium (GMP) for Indong Tea Company Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.