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
Indong Tea Company SME IPO Subscription Status Live
Last Data Updated on 13th February 2023, 06:00 PM (Refresh Page)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | – | – | – |
| NII | 0.32 | 0.58 | 2.17 |
| Retail | 0.79 | 1.86 | 7.76 |
| Total | 0.56 | 1.22 | 4.97 |
Indong Tea Company SME IPO Dates & Price Band :
| IPO Open: | Feb 09, 2023 |
| IPO Close: | Feb 13, 2023 |
| IPO Size: | Approx ₹13.01 Crores |
| Price Band: | ₹26 per share |
| Listing on: | BSE SME |
| Retail Portion: | 50% of the Net Issue |
| Equity: | 5,004,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
Indong Tea Company SME IPO Market Lot:
- Shares: 5,004,000 Shares
- 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 Grey Market Premium
Indong Tea Company SME IPO Allotment Status
Indong Tea Company SME IPO Listing Date