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Indong Tea Co.Ltd IPO
BSE SME Fixed Price IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹26
Issue Price
₹26
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹26
GMP based
Lot Size
4,000
shares / lot
Min Amount
₹104,000
1 lot · 4,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
09 Feb 2023
Thu Completed
Done
Close Date
13 Feb 2023
Mon Completed
Done
Allotment
16 Feb 2023
Thu Completed
Done
Refund
17 Feb 2023
Fri Completed
Done
Demat Credit
20 Feb 2023
Mon Completed
Done
Listing Date
21 Feb 2023
Tue Completed
UPI Deadline: 13 Feb 2023
Issue Details
Pricing & Size
Issue Price
₹26 Face ₹10
Lot Size
4,000 shares
Min Investment
₹104,000
Total Issue Size
52,56,000 shares (aggregating up to ₹13.67 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
5,04,000 (9.59%)
QIB Portion
-
NII / HNI
23,76,000 (45.21%)
Retail
23,76,000 (45.21%)
Employee
-
Net Offer to Public
47,52,000 shares (aggregating up to ₹12.36 Cr)
Shareholding Pattern
Pre-Issue Shareholding
99,97,048 shares
Post-Issue Shareholding
1,50,01,048 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 4,000 ₹1,04,000
HNI / NII 2 8,000 ₹2,08,000
Objects of Issue
5 objectives
1
Funding Capital Expenditure towards Extension, Uprooting, Infilling of Tea Plantation and Irrigation at Indong Tea Estate, Jalpaiguri, West Bengal
6.32 Cr
2
Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal
2.94 Cr
3
Working capital requirements
2.25 Cr
4
General corporate purposes
1.00 Cr
5
Issue related expenses
0.50 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Finshore Management Services Ltd
Market Maker
Nikunj Stock Brokers Ltd
IPO Timeline
Open
09 Feb
✓ Done
Close
13 Feb
✓ Done
Allotment
16 Feb
✓ Done
Listing
21 Feb
✓ Done
Registrar Details
Cameo Corporate Services Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-44-28460390
Email
investor@cameoindia.com
Company Contact
Email
cs@indongteaco.com
Phone
+91 33 4006 3601
Address
Sikkim Commerce House, 4/1, Middleton Street, Kolkata – 700071 Kolkata, West Bengal
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹26
Est. Listing
₹26
Lot Size
4,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Indong Tea Co.Ltd LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
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| Price
Market Reference
IPO Issue Price
₹26
GMP
+₹0 (+0%)
GMP Est. Listing
₹26
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 23,76,000 (45.21%) ₹617.76 Cr
Retail Investors 23,76,000 (45.21%) ₹617.76 Cr
Total ** 52,56,000 (100.00%) ₹13,665.60 Cr
Market Maker * 5,04,000 (9.59%) ₹13.10 Cr
* Based on ₹26.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
23,76,000 (45.21%)
Retail
23,76,000 (45.21%)
Market Maker
5,04,000 (9.59%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric30-Sep-2231-Mar-2231-Mar-21
Revenue1324.221992.972313.00
PAT204.61131.62127.56
EBITDA
Net Worth1068.29863.68-294.30
Total Assets4689.744324.964059.79
Reserves2176.091971.481302.49
Borrowings1047.42960.091841.74
Key Financial Ratios
9.52
Pre P/E
P/E Pre-Issue
About Indong Tea Co.Ltd

ncorporated in 1990, Indong Tea Company Limited is primarily in the manufacturing of Tea. The company runs a a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea.

Their Indong Tea Estate is spread over an area of 740.38 Hectares and consists of Tea Plantation, Tea Factory, Withering Trough House, Officer's Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm, etc.

The original promoters of the company were Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria. The ownership was transferred to Sri Hariram Garg in 2014, a promoter of Asian Group under a scheme of takeover.

The products of Indong Tea Company are primarily categorized as:

  1. CTC (Crush/Cut, Tear, Curl) Tea
  2. Tea and Tea Plantation
  3. Tea Manufacturing Process
  4. Plucking
  5. Withering
  6. Rolling
  7. Fermentation
  8. Drying
  9. Grading
  10. Packing / Dispatching

From the manufacturing of tea and other operations, the company clocked the following revenues for the years 2021, 2020, and 2019 - Rs. 2,313 lakhs, Rs. 1,672.64 lakhs, and Rs. 1,481.57 lakhs, respectively.

Frequently Asked Questions
What is the issue price of Indong Tea Co.Ltd IPO?
The issue price of Indong Tea Co.Ltd IPO is ₹26 per share, face value ₹10.
What is the lot size?
Minimum lot size is 4,000 shares, requiring ₹104,000.
What are the IPO dates?
Opens 09 Feb 2023, closes 13 Feb 2023.
When is the listing date?
Tentative listing: 21 Feb 2023 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹26 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Indong Tea Co.Ltd IPO · Expected 16 Feb 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
16 Feb 2023
Refund Initiation
17 Feb 2023
Demat Credit
20 Feb 2023
Listing Date
21 Feb 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹26
Face ₹10
Lot Size
4,000
shares / lot
Min Amount
₹104,000
1 lot
Est. Listing
₹26
GMP +₹0
Key Dates
Open
09 Feb Done
Close
13 Feb Done
Listing
21 Feb Done
Registrar
Cameo Corporate Services Ltd.
A
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