Indong Tea IPO GMP, Date, Price, Review, Allotment

Indong Tea IPO date is fixed, The IPO will open on February 9 and will close on February 13, 2023. Indong Tea Company is a BSE SME IPO to raise ₹13.01 crores via IPO. The Indong Tea Company IPO price band is fixed at ₹26 with a market lot of 4000 shares.

Indong Tea Company Limited owns and operates Tea Garden (under Government lease) in Western Dooars perched in the foothills of a Himalayan Range. They are a Tea manufacturer having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Door’s region situated in Jalpaiguri District of West Bengal. The product range includes CTC (Crush/Cut, Tear, Curl) Tea.

Sri Hariram Garg & his Associates Company are the current promoter and under his leadership and effors the company is doing the business of Tea manufacturing. They also started a well-planned “Dairy Farm” having comfortable accommodation facility for around 75-80 bovines. Their current tea estate is spread in total Gross Area Grant was 740.38 Hq.

Objects of the Issue:

• Funding Capital Expenditure towards Extension, Uprooting, and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal.
• Funding Capital Expenditure towards the installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal.
• Prepayment, in full of certain borrowings availed by our company.
• To meet the working capital requirements.
• To meet the Issue Expenses.
• General Corporate Purposes.

Indong Tea Company IPO Review

• Avoid / Risky

Indong Tea Company IPO GMP Live Rates day by day with Kotak rates.

Indong Tea Company IPO Date & Price Band Details

Indong Tea Company IPO Market Lot

The Indong Tea Company IPO minimum market lot is 4000 shares with a ₹104,000 application amount.

Indong Tea Company IPO Dates

The Indong Tea Company IPO date is February 9 and the IPO close date is February 13. The IPO allotment date is February 16 and the IPO might list on February 21.

You can check Indong Tea Company IPO subscription status and Indong Tea Company IPO allotment status on their respective pages.

Indong Tea Company IPO Form

How to apply Indong Tea Company IPO? You can apply Indong Tea Company IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indong Tea Company IPO in the Invest section. The other option you can apply Indong Tea Company IPO via IPO forms download via the BSE website. Check out the Indong Tea Company forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

Indong Tea Company Company Financial Report

Indong Tea Company IPO Valuation – FY2022

Check Indong Tea Company IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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 status on Cameo Corporate website 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

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