Indong Tea IPO GMP, Dates, Price, & Allotment Details 2023

Indong Tea IPO

Indong Tea IPO will be Open on 09 February 2023 and closes on 13 February 2023. The company has fixed the price of this IPO at ₹26 according to the face value of ₹10. The company will raise ₹13.01 Crores through this IPO under the 50,04,000 Equity Shares public issue. The offer is 100% Fixed Price Issue. The company reserve quota in this IPO 50% for NII and 50% Retail Investor. You can check to know Indong Tea IPO GMP here.

Indong Tea Company Limited is primarily in the manufacturing of Tea. The company operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated at Jalpaiguri District of West Bengal.

The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer’s Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc. You can check Indong Tea IPO subscription status here.

The Company operates under the following categorized like, CTC (Crush/Cut, Tear, Curl) Tea, Tea and Tea Plantation, Tea Manufacturing Process, Plucking, Withering, Rolling, Fermentation, Drying, Grading, Packing / Dispatching etc.

Indong is a magnificent Tea Garden in Western Dooars perched in the foothills of Himalayan Range. Blessed with a bracing climate and a panoramic view of the mountains and meandering rivers, the garden was founded over a century ago by the British Planters under the famous Gillanders & Arbuthnot & Co. Even today, the garden retains many of the British legacies. You can check Indong Tea IPO Allotment status here.

Objects 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 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 Strengths :

  • Organisation stability, Rich management experience and skilled team
  • Smooth flow of operations
  • Well-defined organizational structure
  • Existing Supplier Relationship
  • Quality Policy
  • Customer Centric Business Model
  • ISO Certifications
Read also: Upcoming IPO List 2023

Indong Tea IPO Review :

DetailsValuation
PAT 2022 :
Issue Price :
EPS 2022 :
PE Ratio :
RoNW :
NAV Value :
Total Assets :
Market Cap :
Pre Holding :
Post Holding :
₹1.32 Cr (March 2022)
₹26/ EQ (Cut Off)
₹2.12 (March 2022)
12.26x (PE Approx)
15.24% (March 2022)
₹8.64 (March 2022)
₹43.25 Cr (March 2022)
₹26.00 Cr (March2022)
96.09%
64.03%
Team Review : AVOID

Indong Tea IPO GMP Live:

Indong Tea IPO GMP Or Grey Market Premium Available Here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and Stable Some times later. (GMP rates are Not 100% Guaranteed)

DateGMPSubject Rate
20 Feb 2023₹3-₹4₹0
19 Feb 2023₹4-₹5₹0
18 Feb 2023₹4-₹5₹0
17 Feb 2023₹3-₹3.5₹0

Indong Tea IPO Date & Price Band & Details :

Issue Offer :Fixed Price Issue
IPO Open :09 February 2023
IPO Close :13 February 2023
IPO Size :₹13.01. Cr {50,04,000 Shares}
Face Value :₹10 Rs. Equity Share
Price Band :₹26 Per Share
Listing On :BSE, SME
Issue Size :₹13.01. Cr {50,04,000 Shares}
Fresh Issue :₹13.01. Cr {50,04,000 Shares}
Offer For Sale :₹-. Cr
Indong Tea IPO GMP

Indong Tea IPO Market Lot :

Indong Tea IPO Minimum Market lot is 1 Lot with 4000 shares with ₹104,000 Application amount. The retail investors can apply up to 1 lots with 4000 Shares or ₹104,000 amounts.

CategoryLotShareAmount
Retail (Min) :14000₹104,000
Retail (Max) :14000₹104,000
S-HNI (Min) :28000₹208,000

Indong Tea IPO Shares Offer :

A Total of 50,04,000 shares are to be bid for the public issue by Indong Tea IPO with 50,04,000 for Fresh issue and – for offer for sale.

CategoryShares OfferAmount
Fresh issue : 50,04,000₹13.01 Cr
Offer For Sale : ₹-
Total : 50,04,000₹13.01 Cr
Indong Tea IPO GMP

Indong Tea IPO Net Reservation :

Indong Tea  IPO Net Reservation of 47,52,000 shares are to be bid for the public issue by Indong Tea IPO with – for QIB and 23,76,000 for NII 23,76,000 For RII & – Shares EMP.

CategoryReservationSharesAmount
QIB :%₹-
NII :50%23,76,000₹6.18 Cr
RII :50%23,76,000₹6.18 Cr
MMRP :– %
Total :100%47,52,000₹12.36 Cr

Indong Tea IPO Dates :

Indong Tea IPO Date is 09 February 2023 and closes on 13 February 2023. The allotment will be finalized on 16 February 2023 and the IPO may list on 21 February 2023.

Issue Open Date :09 February 2023
Issue Close Date :13 February 2023
Allotment Date :16 February 2023
Refund Date :17 February 2023
Share Credit Date :20 February 2023
Listing Date :21 February 2023

Indong Tea IPO Form :

There are two ways to apply in Indong Tea IPO. You can apply for Indong Tea IPO through ASBA available in your bank account. You have to go to your online bank login and select Indong Tea IPO in the Invest section and apply through your bank account. Another option is you can apply Indong Tea IPO through IPO form download through NSE and BSE. See the Indong Tea IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

Indong Tea Company Financial Report (lakh) :

YearRevenueExpensePAT
2022₹1,992.97₹1,616.01₹131.62
2021₹2,313.00₹1,887.40₹127.56
2020₹1,672.64₹1,504.77₹-121.29
Indong tea IPO

Company Promoters :

■ Mr. Hariram Garg

Quick Link :

■ DRHP Draft Prospectus
■ RHP Draft Prospectus

Indong Tea IPO Lead Managers :

■ Finshore Management Servicess Limited

Indong Tea IPO Registrar :

Cameo Corporate Services Limited
“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Email: [email protected]
Contact Person: Mr. R.D. Ramasamy, Director
Website: www.cameoindia.com

Note: Check Indong Tea IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here

Company Address :

Indong Tea Company Limited
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071, West Bengal, India.
Contact No: +91 33 4006 3601
Email ID: [email protected]
Website: www.indongteaco.com

Indong Tea IPO FAQs :

What is Indong Tea IPO?

Indong Tea IPO is SME IPO. They are going to raise ₹13.01. Crores via IPO. The issue is priced at ₹26 per equity share. The IPO to be listed on BSE, SME.

When Indong Tea IPO will open?
The IPO is to open on 09 Feb – 13 Feb for QIB, NII & RII.

What is Indong Tea IPO Size?
Indong Tea IPO size is ₹13.01 Crores.

What is the Fresh issue size of Indong Tea IPO?
The Fresh issue size of Indong Tea IPO ₹13.01 Cr.

What is the Offer For Sale size of Indong Tea IPO?
The Offer For Sale size of Indong Tea IPO ₹0 Cr.

What is Indong Tea IPO Price Band?
Indong Tea IPO Price Band is ₹26 Per share.

What is Indong Tea IPO Minimum and Maximum Lot Size?

The minimum bid is 4000 Shares with ₹104,000 amount while the maximum bid is 4000 shares with ₹104,000.

What is Indong Tea IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.

What is Indong Tea IPO Allotment Date?
Indong Tea IPO allotment date is 16 February 2023.

What is Indong Tea IPO Listing Date?
Indong Tea IPO listing date is 21 February 2023. The IPO to list on BSE, SME.

How to Apply the Indong Tea IPO through Zerodha?
“You Can Apply SME IPO in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Indong Tea IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Indong Tea IPO through Upstox?
“BSE SME IPO is Not Apply in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Indong Tea IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Indong Tea IPO through Groww?
“BSE SME IPO is Not Apply in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Indong Tea IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Indong Tea IPO through Paytm Money?
“BSE SME IPO is Not Apply in Paytm Money.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Indong Tea IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

Indong Tea GMP: Click Here

Indong Tea Subscription: Click Here

Indong Tea Allotment: Click Here

Indong Tea Listing: Click Here

All Indong Tea IPO-related links are available here. If you want to know the details then click on Click Here Link.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.

Indong Tea IPO GMP, Dates, Price, & Allotment Details 2023

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