Indong Tea Company Limited IPO GMP, Review, Price, Allotment
Indong Tea Company Limited IPO Important Dates:
| Opening Date | 09 February 2023 |
| Closing Date | 13 February 2023 |
| Basis of Allotment | 16 February 2023 |
| Initiation of refunds | 17 February 2023 |
| Transfer of shares to demat accounts | 20 February 2023 |
| Listing Date | 21 February 2023 |
Indong Tea Company Limited IPO Details
| Indong Tea Company Limited IPO Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Minimum Amount for 1 lot | ₹1,04,000 |
| Total IPO size | 5,004,000 shares (aggregating up to ₹13.01 Cr) |
| Fresh Issue | 5,004,000 shares (aggregating up to ₹13.01 Cr) |
| Offer for Sale | – |
| Listing At | BSE SME |
| Retail Quota | 50% |
| QIB Quota | – |
| NII Quota | 50% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objective of the Issue:
- Funding Capital Expenditure towards Extension, Uprooting, and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal
- Funding Capital Expenditure towards the installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
Company Financials:
(Amount in ₹ Lakhs)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4,136.26 | 1,672.64 | -121.29 | -421.85 | 1,174.94 | 2,097.43 |
| 31-Mar-21 | 4,059.79 | 2,313.00 | 127.56 | -294.30 | 1,302.49 | 1,841.74 |
| 31-Mar-22 | 4,324.96 | 1,992.97 | 131.62 | 863.68 | 1,971.48 | 960.09 |
| 30-Sep-22 | 4,689.74 | 1,324.22 | 204.61 | 1,068.29 | 2,176.09 | 1,047.42 |
Company Promoters:
- Mr. Hariram Garg
- Mr. Madanlal Garg
- M/s. Asian Tea & Exports Limited
IPO Registrar:
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information:
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/
IPO Offer Lead Manager:
Finshore Management Services Limited
Indong Tea Company Limited IPO GMP today
| Indong Tea Company Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹3 | – | – |
Indong Tea Company Limited IPO Review:
| What our experts say about Indong Tea Company Limited IPO | Avoid |
Indong Tea Company Limited IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | – |
| Retail Investors | 7.76 |
| Employees | – |
| Others | 2.17 |
| Total | 4.97 |
Indong Tea Company Limited IPO Allotment Status:
| Check Indong Tea Company Limited IPO Allotment Status | Click Here |
Indong Tea Company IPO Subscription Details (times)
| Date | Other | Retail | Total |
|---|---|---|---|
| Day 1 Feb 9, 2023 | 0.32 | 0.79 | 0.56 |
| Day 2 Feb 10, 2023 | 0.58 | 1.86 | 1.22 |
| Day 3 Feb 13, 2023 | 2.17 | 7.76 | 4.97 |
Indong Tea Company Limited IPO Listing Price:
| IPO Price Band | ₹26.00 |
| Open | ₹20.80 |
| Low | ₹19.80 |
| High | ₹21.80 |
| Close | ₹21.80 |
FAQ:
When will Indong Tea Company Limited IPO open for subscription?
Indong Tea Company Limited IPO is set to open on 09 February 2023.
What is Indong Tea Company Limited IPO Price Band?
Indong Tea Company Limited IPO Price Band is ₹26 per share.
What is the lot size of Indong Tea Company Limited IPO?
The lot size of Indong Tea Company Limited IPO is 4000 Shares per lot.
What is the issue size of Indong Tea Company Limited IPO?
Indong Tea Company Limited IPO issue size is ₹13.01 crore.
What is the last date to apply for Indong Tea Company Limited IPO?
The last date to apply for Indong Tea Company Limited IPO is 13 February 2023.
What is the Indong Tea Company Limited IPO Allotment Date?
The allotment Date for Indong Tea Company Limited IPO is 16 February 2023.
What is the Indong Tea Company Limited IPO listing date?
The listing Date for Indong Tea Company Limited IPO is 21 February 2023.
Indong Tea Company Limited IPO should I buy?
No, avoiding Indong Tea Limited IPO would be best.
How to apply for Indong Tea Limited IPO through 5 Paisa?
- Login to your 5paisa account and select Indong Tea Company Limited IPO” in the current IPO section.
- Enter the number of lots and the price you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
