Indong Tea Company IPO Details( Indong Tea IPO)
Indong Tea Company IPO is an BSE SME IPO. They are going to raise ₹13.01 Crores via IPO. The issue is a price range of ₹26 per equity share. The IPO is to be listed on BSE.
Indong Tea Company Limited was incorporated on 28 December 1990 under the name of Indong Tea Company Private Limited.
The company converted from a Private Limited Company to a Public Limited Company on January 2022.
The main business of Indong Tea Company is the manufacture of tea. Indong Tea Company has a tea garden i.e. Indong Tea Estate which is producing high-quality CTC tea in the area of Dor.
Indong Tea Company is a tea plantation in western Dooars located at the foothills of the Himalayan ranges. The garden was established over a century ago by British planters with the famous Gillanders & Arbuthnot & Co. Even today, the park retains British heritage.
In August 2014, Indong Tea Company was acquired by Mr. Hariram Garg and his associates who are also the present promoters of the company. Under the leadership of Shri Hariram Garg, he started making his enthusiastic efforts to bring back economic viability through investments in all sectors, while simultaneously taking a keen interest in the welfare of workers. Hariram Garg invested new capital and installed new machinery which resulted in higher yields of the plantations produced.
The estate has also started a “Dairy Farm” which has a comfortable housing facility for 75-80 Gir cows. The permanent garden from the dairy firm here is also generating employment for the workers.
What are the Tea products sold by Indong Tea Company Ltd?
CTC / Black Tea
Indong Tea Company only produces CTC (crush/cut, tear, curl) tea. It is a method of processing black tea in which the leaves are passed through a series of cylindrical rollers containing hundreds of sharp teeth that crush, tear and twist the tea into small, hard pellets. It replaces the last step of orthodox tea manufacturing, in which the leaves are twisted into strips. Tea produced using this method is generally referred to as CTC tea.
Dairy Unit
The estate has also started a “Dairy Farm” which has a comfortable housing facility for 75-80 Gir cows. The permanent garden from the dairy firm here is also generating employment for the workers. The dairy firm is spread over an area of 0.75 acres inside the tea estate where they produce milk and ghee from “Gir Cow”, a famous breed of cattle in India. This breed belongs to the Kathiawar region located in Gujarat, India. The Gir breed of cow is reared in many other states of the country and is known by many other names like Surti, Bhodali, Soorthi, and Desan. Known for its adaptability and milk production, this cow breed is reared by the tribes of the state of Gujarat. This breed is the crest of cows and is one of the oldest breeds found in India.
What is the official website of Indong Tea Company Ltd.?
Indong Tea Company IPO Services Ltd’s Official Website is http://www.indongteaco.com/
What is the registered address of Indong Tea Company Ltd?
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/
Indong Tea Company IPO Financial Information
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | |
|---|---|---|---|---|---|
| 31-Mar-20 | 4136.26 | 1672.64 | -121.29 | 1685.65 | |
| 31-Mar-21 | 4059.79 | 2313 | 127.56 | 1813.21 | |
| 31-Mar-22 | 4324.96 | 1992.97 | 131.62 | 2971.18 | |
| Amount in ₹ Lakhs | |||||
Indong Tea Company IPO Date & Price Band
| IPO Open: | September 27, 2022 |
| IPO Close: | September 30, 2022 |
| IPO Size: | Approx ₹13.01 Crores, 5,004,000 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | Rs.26 per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% |
| QIB Quota: | -% |
| NII Quota: | 50% |
Indong Tea Company IPO IPO Market Lot
The Indong Tea Company IPO minimum market lot is 4000 shares with a ₹104,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
Indong Tea Company IPO IPO Allotment & Listing Dates
The IPO date is September 27 and the IPO close date is September 30, 2022. The IPO allotment date is October 6 and the Indong Tea Company IPO listing on October 11, 2022.
| Event | Date |
| Opening Date | Sep 27, 2022 |
| Closing Date | Sep 30, 2022 |
| Basis of Allotment | Oct 6, 2022 |
| Initiation of Refunds | Oct 7, 2022 |
| The credit of Shares to Demat | Oct 10, 2022 |
| IPO Listing Date | Oct 11, 2022 |
Indong Tea Company IPO Services Ltd Company Promoter
Mr. Hariram Garg, Mr. Madanlal Garg and M/s. Asian Tea & Exports Limited are the company promoters.
Indong Tea Company IPO Services Ltd Company Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Indong Tea Company IPO Services IPO Lead Managers
Finshore Management Services Limited
What is Indong Tea IPO Services Ltd?
Indong Tea Company IPO is an BSE SME IPO. They are going to raise ₹13.01 Crores via IPO. The issue is a price range of ₹26 per equity share. The IPO is to be listed on NSE.
When will Indong Tea IPO open?
The IPO will open for NII and Retail Investors on September 27, 2022.
What is Indong Tea IPO Services Ltd Investors Portion?
The investors’ portion for NII is 50%, and Retail is 50%.
What is Indong Tea IPO Services IPO Size?
The IPO size is ₹13.01 crores.
What is Indong Tea IPO Price Band?
The IPO Price range of ₹26 per equity share.
What is Indong Tea IPO Minimum and Maximum Lot Size?
The IPO bid is 4000 shares with ₹104,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
What is Indong Tea Company IPO Allotment?
The IPO allotment date is October 6, 2022.
What is Indong Tea Company IPO Listing?
The IPO listing date is October 11, 2022. The IPO to list on BSE SME.
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