Indong Tea IPO will be Open on 27 September 2022 and closes on 30 September 2022. 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. And the offer is 100% Fixed Price Issue. You can check here to know Indong Tea IPO GMP and Indong Tea IPO subscription status here.
Indong Tea limited engaged the main business of the company is manufacturing of Tea. The Company is having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Dooar’s region of Jalpaiguri District of West Bengal. Indong is a magnificent Tea Garden in Western Dooars perched in the foothills of a 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. The Company was taken over by Asian Group promoted by Sri Hariram Garg. Under his Leadership, The company has achieved the economic viability by way of massive investments in all spheres while at the same time taking a keen interest in the welfare of the workers.
The invested fresh capital and installed new machinery which resulted in high yield from the plantations produced. 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 Bungalows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc.
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 2022 |
Indong Tea IPO Review :
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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)
| Date | GMP | Subject Rate |
| 27 Sep 2022 | ₹3-₹4 | ₹0 |
| 26 Sep 2022 | ₹0-₹0 | ₹0 |
| 25 Sep 2022 | ₹0-₹0 | ₹0 |
| 24 Sep 2022 | ₹0-₹0 | ₹0 |
Indong Tea IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 27 September 2022 |
| IPO Close : | 30 September 2022 |
| 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 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.
| Minimum Lot Size : | 1 lot |
| Minimum Share : | 4000 Shares |
| Minimum Amount : | ₹104,000 |
| Minimum Lot Size : | 1 Lot |
| Maximum Shares : | 4000 Shares |
| Maximum Amount : | ₹104,000 |
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.
| Category | Shares Offer | Amount |
| Fresh issue : | 50,04,000 | ₹13.01 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 50,04,000 | ₹13.01 Cr |
Indong Tea IPO Reservation :
Indong Tea IPO Total Reservation of 50,04,000 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.
| Category | Reservation | Shares | Amount |
| QIB : | % | – | ₹ |
| NII : | 50% | 23,76,000 | ₹6.18 Cr |
| RII : | 50% | 23,76,000 | ₹6.18 Cr |
| MMRP : | – % | 2,52,000 | ₹0.65 Cr |
| Total : | 100% | 50,04,000 | ₹ 13.01 Cr |
Indong Tea IPO Dates :
Indong Tea IPO Date is 27 September 2022 and closes on 30 September 2022. The allotment will be finalized on 06 October 2022 and the IPO may list on 11 October 2022.
| Issue Open Date : | 27 September 2022 |
| Issue Close Date : | 30 September 2022 |
| Allotment Date : | 06 October 2022 |
| Refund Date : | 07 October 2022 |
| Share Credit Date : | 10 October 2022 |
| Listing Date : | 11 October 2022 |
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) :
| Year | Revenue | Expense | PAT |
| 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 |
Company Promoters :
■ Mr. Hariram Garg
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Indong Tea IPO Lead Managers :
■ Finshore Manangement Services 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]
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 Person: Mr. Chandan Gupta
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 27 Sep- 30 Sep 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 06 October 2022.
What is Indong Tea IPO Listing Date?
Indong Tea IPO listing date is 11 October 2022. 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.
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