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Indong Tea Company Limited IPO

 

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Indong Tea Company Limited IPO

This company is incorporated in the year 1990, Indong Tea operates a Tea Garden under the Government lease and is engaged in Tea Plantation and Manufacturing of CTC Tea at Indong Tea Estate. Their Competitive Strengths Smooth flow of operations, well-defined organizational structure, and Existing Supplier Relationships. Their products are the Indong Tea Estate excerpts from British legacy even today. Offering, panoramic views of scenic surroundings, picturesque, producing premium and quality of Tea. Tea Manufacturing process plucking, withering, rolling, fermentation, drying, Grading, and packing. Their Competition is fragmented and the main challenges lie in quality, reliability, and pricing. Their aim is to provide branded, standardized, and uniform qualitative services at competitive prices to our consumers.

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

Objects of this 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 the Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal.
• To meet the working capital requirements.
• To meet the Issue Expenses.
• General Corporate Purposes
Financial Information of the Company:

 Particulars

Amount in Lakhs (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

4,324.96

4,059.79

4,136.26

Total Liabilities

1,353.78

2,246.58

2,450.61

Net Profit

112.75

124.73

(121.45)

Indong Tea Company Limited IPO Schedule
1. Bid or Offer Opens on: 09 Feb 2023
2. Bid or Offer Closes on: 13 Feb 2023
3. Finalization of BoA: 16 Feb 2023
4. Initiation of Refunds: 17 Feb 2023
5. Credit of shares to Demat account: 20 Feb 2023
6. Listing Date: 21 Feb 2023
Indong Tea Company Limited IPO Lot Size
Market lot size of the Indong Tea Company Limited IPO is 4000 shares. Minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  4000

₹104,000

Maximum

1

  4000

₹104,000

S-HNI(Minimum)

2

  8,000

₹208,000

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

Indong Tea Company Limited IPO Registrar Details:
Cameo Corporate Services Limited
"Subramanian Building", #1, Club House Road,
Chennai - 600 002, India

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




Frequently Asked Question

Face value of Indong Tea Company Limited IPO is ₹10 per share.
Opening date of Indong Tea Company Limited IPO is Feb 09, 2023.
Indong Tea Company Limited IPO shares will get listed on Feb 21, 2023.
Indong Tea Company Limited IPO Shares will get listed at BSE SME.
If allotted, you will receive Indong Tea Company Limited IPO shares in your Demat account on Feb 20, 2023.
Pre-issue shareholding of the Indong Tea Company Limited IPO promoter is 96.09%.
Lot size of the Indong Tea Company Limited IPO is 4000 shares.
Closing date of Indong Tea Company Limited IPO is Feb 13, 2023.
IPO application is an online process by using UPI or ASBA as payment method. ASBA IPO application is already available in the net banking of your respective bank account and UPI application is offered by your Stock broker, you can invest in SVS Limited IPO using any neatest method as per your convenience
If you do not get the allotment of Indong Tea Company Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Post-issue shareholding of the Indong Tea Company Limited IPO promoter is 64.03%.
Per share price of Indong Tea Company Limited IPO is ₹26 per share.