Last updated on February 21, 2023
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 in 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 Bungalows, 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 the 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 Financial Performance
- Indong Tea Company Offer News
- Indong Tea Company Valuations & Margins
- Indong Tea Company IPO GMP Daily Trend
- Indong Tea Company Offer Subscription – Live Updates
- Indong Tea Company Offer Lead Manager
- Indong Tea Company Offer Registrar
- Indong Tea Company Contact Details
- Indong Tea Company IPO Allotment Status
- Indong Tea Company IPO Timetable
- Indong Tea Company IPO FAQs
Indong Tea Company IPO Details
|Indong Tea Company IPO Dates||9 – 13 February 2023|
|Indong Tea Company IPO Price||INR 26 per share|
|Fresh issue||5,004,000 shares (INR 13.01 crore)|
|Offer For Sale||Nil|
|Total IPO size||5,004,000 shares (INR 13.01 crore)|
|Minimum bid (lot size)||4,000 shares (INR 1,04,000)|
|Face Value||INR 10 per share|
|Listing On||BSE SME|
Indong Tea Company Financial Performance
|FY 2020||FY 2021||FY 2022||H1 FY 2023|
Indong Tea Company Offer News
Indong Tea Company Valuations & Margins
|FY 2020||FY 2021||FY 2022|
Indong Tea Company IPO GMP Daily Trend
|Date||Consolidated IPO GMP||Kostak||Subject to Sauda|
|18 Feb 2023||4||–||–|
|17 Feb 2023||4||–||–|
|16 Feb 2023||3||–||–|
|15 Feb 2023||3||–||–|
|14 Feb 2023||3||–||–|
|13 Feb 2023||3||–||–|
|11 Feb 2023||3||–||–|
|10 Feb 2023||3||–||–|
|9 Feb 2023||2||–||–|
|8 Feb 2023||2||–||–|
Indong Tea Company Offer Subscription – Live Updates
|13 Feb 2023||–||2.23||7.91||5.07|
|10 Feb 2023||–||0.55||1.76||1.16|
|9 Feb 2023||–||0.31||0.75||0.53|
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]
Indong Tea Company Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
#1, Club House Road,
Chennai – 600 002, India
Phone: +91-44-40020700, 28460390
Email: [email protected]
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]
Indong Tea Company IPO Allotment Status
Indong Tea Company IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Indong Tea Company IPO Timetable
|Indong Tea Company IPO Opening Date||9 February 2023|
|Indong Tea Company IPO Closing Date||13 February 2023|
|Finalisation of Basis of Allotment||16 February 2023|
|Initiation of refunds||17 February 2023|
|Transfer of shares to demat accounts||20 February 2023|
|Indong Tea Company IPO Listing Date||21 February 2023|
|Opening Price on BSE SME||INR 20.8 per share (down 20%)|
|Closing Price on BSE SME||INR 21.80 per share (down 16.15%)|
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 INR 4 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 INR NA per application.