Indong Tea Company SME IPO Date, GMP, Price, Review, Allotment

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:

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

	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

, fill and submit in your bank or with your broker.

Indong Tea Company SME Company Financial Report

Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	4136.26	1672.64	-121.29
31-Mar-21	4059.79	2313	127.56
31-Mar-22	4324.96	1992.97	131.62

Indong Tea Company SME IPO Valuation – FY2022

Earning Per Share (EPS):	₹3.51 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	10.48%
Net Asset Value (NAV):	₹33.47per Equity Share

Peer Group

• Tata Consumer Products Ltd
• Goodricke Group Ltd
• Dhunseri Tea & Industries Ltd
• Neelamalai Agro Industries Ltd

Company Promoters

• Mr. Hariram Garg
• Mr. Madanlal Garg
• M/s. Asian Tea & Exports Limited

Indong Tea Company SME IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Company Address

Indong Tea Company Limited
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071
Phone: +91 33 4006 3601
Email: cs@indongteaco.com
Website: http://www.indongteaco.com/

Quick Links:

Indong Tea Company IPO DRHP

 Indong Tea Company IPO RHP

About Indong Tea Company SME IPO

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Read Also
Indong Tea Company SME Allotment Status
Indong Tea Company SME IPO Listing Date Indong Tea Company SME IPO Subscription (Live)

Objects of the Issue:

• Financing the expenditure for opening new stores.
• To repay of short term borrowings.
• To meet Working Capital requirements.
• General Corporate Purpose.
• To meet issue expenses

Indong Tea Company SME IPO FAQs