Indong Tea Company IPO date is mounted, The IPO will open on September 27 and can shut on September 30, 2022. Indong Tea Company is a BSE SME IPO to lift ₹13.01 crores through IPO. The Indong Tea Company IPO value band is mounted at ₹26 with a market lot of 4000 shares.
Indong Tea Company Limited owns and operates Tea Garden (below Government lease) in Western Dooars perched within the foothills of a Himalayan Range. They are a Tea producer having one Tea Garden i.e. Indong Tea Estate which is producing top quality CTC tea in Door’s area located in Jalpaiguri District of West Bengal. The product vary consists of CTC (Crush/Cut, Tear, Curl) Tea.
Sri Hariram Garg & his Associates Company are the present promoter and below his management and effors the corporate is doing the enterprise of Tea manufacturing. They additionally began a well-planned “Dairy Farm” having comfy lodging facility for round 75-80 bovines. Their present tea property is unfold in complete Gross Area Grant was 740.38 Hq.
Objects of the Issue:
- Funding Capital Expenditure in the direction of Extension, Uprooting and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal.
- Funding Capital Expenditure in the direction of set up of further plant and equipment for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal.
- To meet the working capital necessities.
- 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 web supply |
| NII Quota: | 50% of the web supply |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Indong Tea Company IPO Market Lot
The Indong Tea Company IPO minimal market lot is 4000 shares with a ₹104,000 utility quantity.
| 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 shut date is September 30. The IPO allotment date is October 6 and the IPO may listing 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 verify Indong Tea Company IPO subscription standing and Indong Tea Company IPO allotment standing on their respective pages.
Indong Tea Company IPO Form
How to use Indong Tea Company IPO? You can apply Indong Tea Company IPO through ASBA obtainable in your checking account. Just go to the net financial institution login and apply through your checking account by choosing the Indong Tea Company IPO within the Invest part. The different possibility you may apply Indong Tea Company IPO through IPO types obtain through the BSE web site. Check out the Indong Tea Company types – click on BSE IPO Forms download, fill and submit in your financial institution or along with your dealer.
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 element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) particulars.
| 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 standing on Cameo Corporate web site 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 elevate ₹13.01 Crores through IPO. The difficulty is priced at ₹26 per fairness 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 by means of Zerodha?
How to Apply the Indong Tea Company IPO by means of Upstox?
How to Apply the Indong Tea Company IPO by means of 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 fairness 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 particulars are introduced formally. The IPO gray market premium (Indong Tea Company IPO Premium) is up to date on the respective web page. You can verify our IPO gray market web page for day by day updates.)
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