Incorporated 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:
- CTC (Crush/Cut, Tear, Curl) Tea
- Tea and Tea Plantation
- Tea Manufacturing Process
- Plucking
- Withering
- Rolling
- Fermentation
- Drying
- Grading
- Packing / Dispatching
| Date | GMP | Kostak | Subject To Sauda | |
| 20 February 2023 | ₹3 | ₹- | ₹- | |
| 19 February 2023 | ₹3 | ₹- | ₹- | |
| 18 February 2023 | ₹3 | ₹- | ₹- | |
| 17 February 2023 | ₹3 | ₹- | ₹- | |
| 16 February 2023 | ₹3 | ₹- | ₹- | |
| 15 February 2023 | ₹3 | ₹- | ₹- | |
| 14 February 2023 | ₹3 | ₹- | ₹- | |
| 13 February 2023 | ₹3 | ₹- | ₹- | |
| 12 February 2023 | ₹3 | ₹- | ₹- | |
| 11 February 2023 | ₹3 | ₹- | ₹- | |
| 10 February 2023 | ₹3 | ₹- | ₹- | |
| 9 February 2023 | ₹3 | ₹- | ₹- | |
| 8 February 2023 | ₹3 | ₹- | ₹- | |
| 7 February 2023 | ₹3 | ₹- | ₹- | |
| 6 February 2023 | ₹3 | ₹- | ₹- |
Indong Tea Company SME IPO Date & Price Band.
| IPO Open: | Feb 9, 2023 |
| IPO Close: | Feb 13, 2023 |
| IPO Size: | ₹13.01 Crores |
| Price Band: | ₹26 per share |
| Listing on: | BSE SME |
| Retail Portion: | 50% of the Net Issue |
| Equity: | 5,004,000 shares |
| Face Value: | ₹10 per share |
Indong Tea Company SME IPO Market Lot
The Indong Tea Company IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).
Shares: Minimum 4000 share
Minimum Amount: ₹104,000
Maximum Amount: ₹104,000
Indong Tea Company SME IPO Allotment & Listing:
- Basis of Allotment: Feb 16, 2023
- Refunds: Feb 17, 2023
- Credit to Demat accounts: Feb 20, 2023
- Listing: Feb 21, 2023
Indong Tea Company SME IPO Form
How to apply Indong Tea Company IPO? You can apply Indong Tea Company IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indong Tea Company IPO in the Invest section. The other option you can apply Indong Tea Company IPO via IPO forms download via the NSE website. Check out the Indong Tea Company forms – click NSE IPO Forms download