Indong Tea Company IPO GMP, Review, Price, Allotment

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Indong Tea Company IPO GMP

Indong Tea Company IPO description – Indong Tea Company Limited owns and operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated at Jalpaiguri District of West Bengal. The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer’s Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc.

The Company is having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Dooar’s region. In the year 2014, the company was taken over by Asian Group promoted by Sri Hariram Garg.

The company produces only CTC (Crush/Cut, Tear, Curl) Tea. This a method of processing black tea in which the leaves are passed through a series of cylindrical rollers with hundreds of sharp teeth that crush, tear, and curl the tea into small, hard pellets. This replaces the final stage of orthodox tea manufacture, in which the leaves are rolled into strips.

Promoters of Indong Tea Company – Mr Hariram Garg, Mr Madanlal Garg and M/S Asian Tea & Exports Limited


Indong Tea Company IPO Details

Indong Tea Company IPO Dates27 – 30 September 2022
Indong Tea Company IPO PriceINR 26 per share
Fresh issue5,004,000 shares (INR 13.01 crore)
Offer For SaleNil
Total IPO size5,004,000 shares (INR 13.01 crore)
Minimum bid (lot size)4,000 shares
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Indong Tea Company Financial Performance

 FY 2020FY 2021FY 2022
Revenue1,549.172,306.741,948.66
Expenses1,504.771,887.401,616.01
Net income(121.29)127.56131.62
Figures in INR Lakh unless specified otherwise

Indong Tea Company Offer News


Indong Tea Company Valuations & Margins

FY 2020FY 2021FY 2022
EPS(2.37)2.502.12
PE ratio12.26
RONW (%)15.24
NAV13.94
EBITDA (%)9.8418.3218.83

Indong Tea Company IPO GMP Daily Trend

DateConsolidated IPO GMPKostakSubject to Sauda

Indong Tea Company Offer Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered
Day 1
Day 2
Day 3
Day 4
Subscription figures in number of times, at 5 PM

Indong Tea Company Offer Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A,
2nd Floor, Room No. 207,
227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Phone: 
+91 033 22895101/46032561
Email: 
[email protected]
Website: 
www.finshoregroup.com


Indong Tea Company Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building,
#1, Club House Road,
Chennai – 600 002, India
Phone: +91-44-40020700, 28460390
Email: [email protected]
Website: www.cameoindia.com


Indong Tea Company Contact Details

INDONG TEA COMPANY LIMITED
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071, West Bengal
Phone: +91 33 4006 3601
E-mail: [email protected]
Website: www.indongteaco.com


Indong Tea Company IPO Allotment Status

Indong Tea Company IPO allotment will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.


Indong Tea Company IPO Timetable

Indong Tea Company IPO Opening Date27 September 2022
Indong Tea Company IPO Closing Date30 September 2022
Finalisation of Basis of Allotment6 October 2022
Initiation of refunds7 October 2022
Transfer of shares to demat accounts10 October 2022
Indong Tea Company IPO Listing Date11 October 2022
Opening Price on BSE SMEComing soon
Closing Price on BSE SMEComing soon

Indong Tea Company IPO FAQs

What is Indong Tea Company offer size?

Indong Tea Company offer size is INR 13.01 crore.

What is Indong Tea Company IPO Price Band?

Indong Tea Company public offer price is INR 26 per share.

What is the lot size of Indong Tea Company IPO?

Indong Tea Company offer lot size is 4,000 shares.

What is Indong Tea Company IPO GMP today?

Indong Tea Company IPO GMP today is NA per share.

What is Indong Tea Company kostak rate today?

Indong Tea Company kostak rate today is NA per application.

What is Indong Tea Company Subject to Sauda rate today?

Indong Tea Company Subject to Sauda rate today is INR70,000 per application.

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