Indong Tea Company Limited IPO
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Indong Tea Company Limited IPO Review
Indong Tea Company was incorporated in 1990, This Company is engaged in Tea plantation and Manufacturing of CTC tea. Indong is the magnificent Tea Garden in Western Dooars in the foothills of the Himalayan Range. Their Vision is to produce the finest tea, and for their farmers & worker, and provide high-quality & unique flavored tea to the valuable consumer. Their Mission is to produce good quality tea leaves in India with the new technology. The estate started a well-planned (Dairy Farm) comfortable facility for around 75-80 bovines. The (“Deshi”) Cows have been brought from Gir, Gujrat which is considered to be the best species in the country for its Milk. The Dairy Firm is also generating employment for educated and eligible dependents of the permanent garden worker.
Indong Tea Company Limited Products and Services
Indong Tea Company’s limited products are CTC Black tea and Dairy Unit. The Indong Tea Estate is spread over the area of 740.38 Hectares which comprises of Tea Plantation, Officer’s Bungalows, Tea Factory, Withering Trough House, Labor Quarters, Pump House, General Stores, Staff Quarters, Dairy Farm, etc. Tea Manufacturing Processes are Plucking, Withering, Rolling, Fermentation, Drying, Grading, and Packing / Dispatching. Their business strategies are to Leverage & enhance their goodwill in the market, Focus on Increasing Volume of the Sales, Leverage their Market skills & Relationships, and Quality Assurance.
Financial Overview
Per the balance statement of the company, the Issued is fully Priced, and the parent company is having a poor track record. There is no harm to ignore this fully priced IPO.
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
Minimum and maximum order quantity is 1 lot only.
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.
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