Gujrat-based tea post decided to launch an IPO worth 2,85,00,000 equity shares, wherein the fresh issue size will be 1,42,50,000 equity shares and the Offer For Sale will be 1,42,50,000 equity shares.
Tea Post is renowned and has many cafes around India. Now, it is going to be publicly listed on both the BSE and NSE stock exchanges. Last week, Tea Post filed the DRHP with SEBI.
Srujan Alpha Capital Advisors LLP was assigned as book book-running lead manager for the issue.
Promoters’ Information on OFS
IndiaNivesh Venture Capital Fund has 33.96% stakes in the company, and now it is going to offload 1.425 crore shares via offer-for-sale.
Promoters have 37.48% stakes in tea posts, and the rest of the 62.52% stakes are held by public shareholders along with IndiaNivesh Venture Capital Fund.
About Tea–post Details
One of the main reasons for Tea Post’s success is its skilled and experienced promoters in tea posts. Tea Post is renowned and has many cafes around India, and they always make sure of fast and quick services to the consumers. Tea Post Café chain that offers a diverse selection of teas, complemented by a desi experience. Not only cafes but also a variety of beverages. In the varieties, the tea post serves 15+ hot and cold types of tea, covering both traditional and modern variants.
Moreover, this company always finds out that its firm stands different from its peer group. Not only cafes but also varied types of beverages.
Strategies for Tea Post’s
- strong market presence and expansion by focusing on specific areas.
- Making consumers on priority
- Enhancement in operations
The net cash flow from operations was ₹244.41 lakhs, ₹744.43 lakhs, ₹26.98 lakhs, and ₹314.58 lakhs for the six months ending on September 30, 2024.
Tea Post IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Tea Post Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹26.00 | ₹27.18 | ₹0.94 |
| 2023 | ₹43.69 | ₹44.55 | ₹0.95 |
| 2024 | ₹54.69 | ₹55.62 | ₹1.02 |
| September 2024 | ₹31.77 | ₹32.11 | ₹0.48 |
Tea Post IPO Valuation – FY2024
Tea Post 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): | ₹(0.13) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (10.11%) |
| Net Asset Value (NAV): | ₹1.18 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Coffee Day Enterprises Limited | (57.03) | (0.51) | -48.94% | 88.02 | – Cr. |
| Jubilant Foodworks Limited | 3.54 | 189.83 | 10.74% | 33.52 | – Cr. |
| Devyani International Limited | 0.91 | 164.38 | -0.58% | 9.03 | – Cr. |
| Restaurant Brands Asia Limited | (1.39) | (45.60) | -0.04% | 37.26 | – Cr. |
Objects of the Issue
- Setting up and opening of new company operated Tea Cafés; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Srujan Alpha Capital Advisors LLP
