Indong Tea Company IPO subscription status started on Tuesday, September 27, 2022 and will close on September 30, 2022. Indong Tea Company IPO to raise around ₹13.01 crores via IPO. The retail quota is 50%, and HNI is 50%. The price band is fixed at ₹26 per equity share. The IPO to list on BSE.
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.
IPO Withdrawn
IPOWatch View:
We recommend investors may apply an IPO with Caution (Avoid / Risky). Investors should also look at the Retail and HNI numbers before investing. You can check the Indong Tea Company IPO allotment status here.
Indong Tea Company IPO Subscription Status
Last Updated on Day 1 at 5:00
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.00 | – | – |
| RII | 0.00 | – | – |
| Total | 0.00 | – | – |
Indong Tea Company IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Indong Tea Company IPO Review
- Avoid
Indong Tea Company IPO Date & Price Band
| 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
| Minimum IPO Lot Size: | Minimum 4000 shares for 1 lot |
| Minimum Amount: | ₹104,000 for 1 lot |
Indong Tea Company IPO Subscription Dates
| 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 |
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.
