Indong Tea Company Limited IPO
BSE SMEListed On: Feb 21, 2023 at ₹ 20.80
₹ 104000 /4000 Shares
Check AllotmentIndong Tea Company Limited IPO Details
09 Feb, 2023
Open Date13 Feb, 2023
Close Date16 Feb, 2023
Allotment Date21 Feb, 2023
Listing DateIssue Price
₹26 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedList Price
20.80Listing Date
2023-02-21Market Lot
4000 Shares (₹104,000/-)Lead 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)
Retail Portion
N/ASubscription
4.97 timesIndong 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 |
Indong Tea Company Limited Valuations
Earnings Per Share (EPS)
₹2.12/-P/E Ratio
12.26RoNW
15.24%Net Asset Value (NAV)
₹13.94/-Indong Tea Company Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 96.09%
Post Issue Share Holding: 64.03%
Company Promoter(s)
- Mr. Hariram Garg
- Mr. Madanlal Garg
- M/s. Asian Tea & Exports Limited
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. 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 IPO price band is set between ₹26 per equity share.
Ans. To apply for Indong Tea Company Limited IPO 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 allotment status for Indong Tea Company Limited IPO here.
