Indong Tea Company Limited
Fixed Price IPO · BSE
- Price band
- ₹26 - ₹26
- Lot size
- 4,000 shares
- Issue amount
- ₹13.01 cr
- Total subscription
- 4.97×
- Opens
- 9 Feb 2023
- Closes
- 13 Feb 2023
- Allotment
- 16 Feb 2023
- Listing
- 21 Feb 2023
Offer at a glance
Issue overview
- Issue size
- 50,04,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,04,000
- Fresh issue
- ₹13.01 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,04,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 99,97,048
- Shares after issue
- 1,50,01,048
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 4,000 | ₹1,04,000 |
| HNI | 2 | 8,000 | ₹2,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0 |
| ROE | 0 |
| ROCE | 0 |
| RONW | 0 |
| PRE IPO(PE) | 9.52 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1990, Indong Tea Company Limited is engaged in tea plantation and manufacturing, operating its Indong Tea Estate under a government lease. The estate spans 740.38 hectares and includes plantation fields, a tea factory, withering trough house, staff and labor quarters, officer bungalows, pump house, general stores, and a dairy farm. Originally promoted by Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria, ownership was transferred to Sri Hariram Garg of the Asian Group in 2014. The company specializes in CTC (Crush/Cut, Tear, Curl) tea, managing the entire manufacturing process including plucking, withering, rolling, fermentation, drying, grading, and packing. Indong Tea Company recorded revenues of Rs. 2,313 lakhs in 2021, Rs. 1,672.64 lakhs in 2020, and Rs. 1,481.57 lakhs in 2019.
Promoters
Mr. Hariram Garg
Mr. Madanlal Garg
M/s. Asian Tea & Exports Limited
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sikkim Commerce House, 4/1, Middleton Street, Kolkata – 700071
+91 33 4006 3601
[email protected]Company website ↗Understanding INDONG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.