Indong Tea IPO subscription status started on Thursday February 9, 2023 and will close on February 13, 2023. Indong Tea IPO to raise around ₹13.01 crores via IPO. The retail quota is 50%, and NII is 50%. The price band is fixed at ₹26 per equity share.
The Indong Tea IPO minimum market lot is 4000 shares with ₹104,000 application amount. 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.
IPOWatch View
We recommend investors may apply an IPO with Caution (Risky). Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Indong Tea IPO allotment status here.
Indong Tea IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.32 | 0.50 | 2.17 |
| RII | 0.79 | 1.55 | 7.76 |
| Total | 0.56 | 1.02 | 4.97 |
Indong Tea 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 IPO Review
- Avoid / Risky
Indong Tea IPO Date & Price Band
| Indong Tea Company IPO Open: | February 9, 2023 |
| Indong Tea Company IPO Close: | February 13, 2023 |
| 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 IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹104,000 |
| Retail Maximum | 1 | 4000 | ₹104,000 |
| S-HNI Minimum | 2 | 8000 | ₹208,000 |
Indong Tea IPO Subscription Dates
| IPO Open Date: | February 9, 2023 |
| IPO Close Date: | February 13, 2023 |
| Basis of Allotment: | February 16, 2023 |
| Refunds: | February 17, 2023 |
| Credit to Demat Account: | February 20, 2023 |
| IPO Listing Date: | February 21, 2023 |
Indong Tea IPO Form
How to apply for the Indong Tea IPO? You can apply for Indong Tea 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 IPO in the Invest section. The other option is you can apply for Indong Tea IPO via IPO forms downloaded via BSE. Check out the Indong Tea forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
