Indong Tea Company IPO Details


Originally, Indong Tea Company Limited was incorporated on the 28th day of December, 1990 in the name of Indong Tea Company Private Limited. It got its’ certificate of commencement & was converted from Private Limited Company to Public Limited Company on the 14th day of January, 2022. The Main Business of the company is manufacturing of Tea. The Company have one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Door’s region. 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.



    Indong Tea Company IPO Date, Price & Offer Details

    Indong Tea Company IPO will be open on 09-02-2023 and will close on 10-02-2023. The following table provides all the information related to Indong Tea Company IPO including the date, price and offer details of Indong Tea Company IPO

    Indong Tea Company IPO Date, Price & Offer Details
    Issue Open 09-02-2023
    Issue Close 13-02-2023
    Allotment Date 16-02-2023
    Unblocked Amount 17-02-2023
    Credit Demat Amount 20-02-2023
    Listing Date 21-02-2023
    Issue Size
    50,04,000 Total Equity Share
    Issue Size ₹ 13.01 Cr
    IPO Price Band ₹ 26 Per Equity Share
    Minimum Share Bid 4000
    Minimum Investment Amount [₹]  ₹ 1,04,000
    Face Value ₹ 10 Per Equity Share
    Qualified Institutional Buyer [QIB] 50 %
    High Networth Individual [HNI] 0 %
    Retail Individual Investor [RII] 50 %
    Listing On BSE SME

    Indong Tea Company Company Financial Report (₹ in Cr)

    As per we are checking Indong Tea Company company financials report and we are displaying report data as shown in below table.

    Indong Tea Company Company Financial Details (₹ in Cr)
    Financial Year Total Asset Total Revenue Total Expenses Profit After Tax
    FY-2020 41.36 16.72 15.04 -1.21
    FY-2021 40.59 23.1318.87 1.27
    FY-2022 43.24 19.92 16.16 1.31
    - - - - -
    Read More :- Indong Tea Company IPO GMP

    Indong Tea Company Company Valuation Details

    As per we check Indong Tea Company company financials report and we display company valuation report data as shown in below table

    Indong Tea Company Company Valuation Details
    Earnings Per Share [EPS] ₹ 2.12
    Price/Earnings [P/E] Ratio 12.26
    Return on Net Worth [RoNW] 15.24 %
    Net Asset Value [NAV] ₹ 13.94 Per Share

    Indong Tea Company IPO Rating

    As per Indong Tea Company company financials report, Indong Tea Company company RoNW is 15.24 % and NAV is around 13.94 as per FY21 earning. As per we check Indong Tea Company company financials report then after LiveIPO team are recommended for "Neutral" rating for Indong Tea Company.

    Indong Tea Company IPO Rating
    LiveIPO Neutral
    Hem Security -
    Read More :- Indong Tea Company IPO Allotment Status

    Indong Tea Company IPO Share Lot Size

    The share price of Indong Tea Company IPO is ₹26. So in Indong Tea Company IPO Minimum share lot is 1 lot with a 4000 share with an application amount of ₹1,04,000. And in retail category you can apply for a Maximum share lot is 2 lot with a 4000 share with an application amount of ₹1,04,000.

    Indong Tea Company IPO Share Lot Size
    Apllication Lot Size Shares Total Amount
    Retail Min 1 4000 ₹1,04,000
    Retail Max 1 4000 ₹1,04,000
    Small HNI 2 8000 2,08,000
    Read More :- Investment Call

    Indong Tea Company IPO Share Offer

    A total number of 50,04,000 shares have been offered in this public issue of Indong Tea Company IPO, out of this total share 50,04,000 shares have been allotted for Fresh Issue and another 0 shares are to be offered for (OFS) offer for sale.

    Indong Tea Company IPO Share Offer
    Category Share Offer Amount
    Fresh Issue: 50,04,000 13.01 Cr
    Offer For Sale: - -
    Total: 50,04,000 13.01 Cr
    Read More :- Upcoming IPO List

    Indong Tea Company IPO Related Link
    Indong Tea Company IPO GMP
    Indong Tea Company IPO Subscription
    Indong Tea Company IPO Allotment Status

    Indong Tea Company IPO Subscription Details

    Indong Tea Company Company has been issued total 50,04,000 shares through this IPO, a total 2,52,000 shares have been reserved for market movers for subscriptions as per the prospect report, and a total of 23,76,000 shares have been offered in QIB category and a total of 23,76,000 shares have been offered in RII.

    Indong Tea Company IPO Subscription Details
    As on Date QIB RII Total
    Shared Offered 23,76,000 23,76,000 47,52,000
    Day-1
    [09-02-2023]
    7,64,000
    [0.32]
    18,84,000
    [0.79]
    26,48,000
    [0.56]
    Day-2
    [10-02-2023]
    13,84,000
    [0.52]
    44,16,000
    [1.86]
    58,00,000
    [1.22]
    Day-3
    [13-02-2023]
    51,64,000
    [2.17]
    1,84,40,000
    [7.76]
    2,36,04,000
    [4.97]

    Indong Tea Company IPO Listing Details

    Indong Tea Company IPO has been listed on 21-02-2023. On the below table we are providing all the listing details with target price and stop loss.

    Indong Tea Company IPO Listing Details
    Listing Date 21-02-2023
    BSE Code -
    NSE Code -
    ISIN Code -
    IPO Price ₹ 26
    Lot Size 4000
    Expected Listing Price ₹ - ₹ -
    Book Profit ₹ -
    Stop Loss ₹ -
    Listing Group -
    - -

    Indong Tea Company IPO GMP, Grey Market Premium

    In the below table we are providing the latest rate of Indong Tea Company IPO GMP, Kostak Rate, Subject to Sauda, Listing Gain and Rating of this Indong Tea Company IPO.

    Indong Tea Company IPO Grey Market Premium
    Indong Tea Company IPO Grey Market Premium

    Indong Tea Company IPO Allotment Status

    Indong Tea Company IPO Allotment will be available on below link so click on below link and check your Indong Tea Company IPO Allotment Status.

    Indong Tea Company IPO Allotment Status
    Indong Tea Company IPO Allotment Status
      Indong Tea Company IPO Live Subscription
    Indong Tea Company IPO Subscription in BSE
    Indong Tea Company IPO Prospectus
    Indong Tea Company IPO DRHP
    Indong Tea Company IPO RHP

    Indong Tea Company Company Contact Details

    Indong Tea Company Limited
    Sikkim Commerce House, 4/1,
    Middleton Street,
    Kolkata – 700071, West Bengal,
    India
    Contact Person: Mr. Chandan Gupta,
    Company Secretary & Compliance Officer;
    Tel No: +91 33 4006 3601
    E-Mail ID: cs@indongteaco.com
    Website: www.indongteaco.com

    Indong Tea Company 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: investor@cameoindia.com
    Contact Person: Mr. R.D. Ramasamy, Director
    Website: www.cameoindia.com
    SEBI Registration Number: INR000003753
    CIN No: U67120TN1998PLC041613

    Indong Tea Company IPO Lead Managers

    FINSHORE MANAGEMENT SERVICES LIMITED
    Anandlok Building, Block-A, 2nd Floor, Room No. 207,
    227 A.J.C Bose Road, Kolkata-700020, West Bengal
    Contact Person: Mr. S. Ramakrishna Iyengar
    Telephone: 033 – 22895101
    Email: ramakrishna@finshoregroup.com;
    Website: www.finshoregroup.com;
    Investor Grievance Email: info@finshoregroup.com;
    SEBI Registration No: INM000012185
    CIN No: U74900WB2011PLC169377

    Indong Tea Company IPO FAQs

    What is the Indong Tea Company IPO?
    Indong Tea Company IPO is the Main Board IPO of 50,04,000 equity shares of the face value of ₹10 aggregating up to ₹13.01 Crores. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares.

    Who is the registrar company of Indong Tea Company IPO?
    Cameo Corporate Services Limited is the registrar company of Indong Tea Company IPO.

    When is the Indong Tea Company IPO Opening date?
    The Indong Tea Company IPO Opening on 09-02-2023

    When is the Indong Tea Company IPO Closing date?
    The Indong Tea Company IPO Closing on 13-02-2023

    When is the Indong Tea Company IPO allotment date?
    The Indong Tea Company IPO Allotment will be done on 16-02-2023

    Indong Tea Company IPO Allotment Status

    On what date will the Indong Tea Company IPO amount be refunded?
    Indong Tea Company IPO will refund the amount on 17-02-2023

    On which date Indong Tea Company IPO Shares will be credited to the demat account?
    The Indong Tea Company IPO Shares will be credited to your demat account on 20-02-2023-.

    When is the Indong Tea Company IPO listing date?
    The Indong Tea Company IPO listing date is on 21-02-2023.

    What is the Indong Tea Company IPO Price Band?
    Indong Tea Company IPO Price Band is ₹26  per equity share.

    What is the lot size of the Indong Tea Company IPO?
    Indong Tea Company IPO the minimum bid is 4000 Shares with ₹1,04,000 amount and maximum bid is 4000 shares with ₹1,04,000.

    What is the expected Indong Tea Company IPO Listing Price?
    As Per Grey Market Premium (GMP) and Market view we are expected to listing Indong Tea Company IPO is around ₹ - to ₹ -

    What is the Indong Tea Company IPO Expected Returns?
    As per Grey Market Premium (GMP), Indong Tea Company IPO Expected Returns is -% .

    What is the NSE and BSE Code for the Indong Tea Company IPO?
    The Indong Tea Company IPO NSE Code is - and the BSE Code is -.

    What is the stop loss in the Indong Tea Company IPO?
    If the Indong Tea Company IPO goes below - then sell the Indong Tea Company IPO.

    What will i do in Indong Tea Company IPO?
    If the Indong Tea Company IPO listing above - then sell the Indong Tea Company IPO and book profit.

    How to check Indong Tea Company IPO Allotment Status?
    Below we are provide all the step how to check Indong Tea Company IPO allotment online

    • Go to the Indong Tea Company IPO Allotment Status Link
    • Click on Click Here button
    • Select Indong Tea Company IPO
    • Enter your details (PAN Number, Application Number, DP Client ID)
    • Click Search Button
    • After Click on Search button you will be able to see allotment status
    • How to Apply the Indong Tea Company IPO?
    • You can apply for the Indong Tea Company IPO using ASBA online through your internet banking.
    • You can also apply for the Indong Tea Company IPO via your stock brokers’ office by filling up the offline application form and submitting  it to your Bank.

    Disclaimer:-

    • I request all investors, before applying for any IPO, please check the fundamentals and financial condition of the company and then applying to any IPO.
    • www.liveipo.in will not be responsible for any kind of losses. So apply to any IPO at your risk.
    • We are not buying or selling any IPO forms regarding IPO Grey Market premium. We are only provide only recommendation of any IPO.
    • Please do not subscribe to any IPO by just seeing the Grey Market Premium Price. It can change at any time.

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