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

Indong Tea Company

Table of Contents

Indong Tea Company IPO date is fixed, The IPO will open on September 27 and will close on September 30, 2022. 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.

IPO Withdrawn

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 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 IPO Review

  • Avoid / Risky

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

DateGMPKostakSubject to
27 September₹5₹-₹-

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 net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Indong Tea Company IPO Market Lot

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

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 close date is September 30. The IPO allotment date is October 6 and the IPO might list 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 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

₹ in Crores
RevenueExpensePAT
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 detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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 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


What is Indong Tea Company IPO?

Indong Tea Company IPO is a BSE SME IPO. They are going to raise ₹13.01 Crores via IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on BSE.

When Indong Tea Company IPO will open?

The IPO is to open on September 27, 2022 for NII, and Retail Investors.

What is Indong Tea Company IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Indong Tea Company IPO?

You can apply Indong Tea Company IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Indong Tea Company IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Indong Tea Company IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Indong Tea Company IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Indong Tea Company”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Indong Tea Company IPO Size?

Indong Tea Company IPO size is ₹13.01 crores.

What is Indong Tea Company IPO Price Band?

Indong Tea Company IPO Price Band is ₹26 per equity share.

What is Indong Tea Company IPO Minimum and Maximum Lot Size?

The IPO bid is 4000 shares with ₹104,000.

What is Indong Tea Company IPO Allotment Date?

Indong Tea Company IPO allotment date is October 6, 2022.

What is Indong Tea Company IPO Listing Date?

Indong Tea Company IPO listing date is October 11, 2022. The IPO to list on BSE SME.

Note: The Indong Tea Company IPO details are announced officially. The IPO grey market premium (Indong Tea Company IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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