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Open
9 Feb 2023
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Close
13 Feb 2023
3
Allotment
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Listing
Tue, Feb 21, 2023
Price Band
₹26 per share
Issue Size
52,56,000 shares (agg. up to ₹14 Cr)
Lot Size
4,000 Shares
Listing Date
Tue, Feb 21, 2023
Latest GMP
₹2
Est. Gain
7.69%
✦ AI Insight
GMP Trend
21-02-2023₹2Est. ₹28+7.69%
20-02-2023₹2Est. ₹28+7.69%
19-02-2023₹4Est. ₹30+15.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.85x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 46.90 | 43.25 | 40.60 | 41.36 |
| Total Income | 13.24 | 19.93 | 23.13 | 16.73 |
| Profit After Tax | 2.05 | 1.32 | 1.28 | -1.21 |
| NET Worth | 10.68 | 8.64 | -2.94 | -4.22 |
| Reserves and Surplus | 21.76 | 19.71 | 13.02 | 11.75 |
| Total Borrowing | 10.47 | 9.60 | 18.42 | 20.97 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards Extension, Uprooting, Infilling of Tea Plantation and Irrigation at Indong Tea Estate, Jalpaiguri, West Bengal | 6.32 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal | 2.94 |
| 3 | Working capital requirements | 2.25 |
| 4 | General corporate purposes | 1.00 |
| 5 | Issue related expenses | 0.50 |
About Indong Tea IPO
Incorporated in 1990, Indong Tea Company Limited is primarily in the manufacturing of Tea. The company runs a a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea. Their Indong Tea Estate is spread over an area of 740.38 Hectares and consists of Tea Plantation, Tea Factory, Withering Trough House, Officer's Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm, etc. The original promoters of the company were Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria. The ownership was transferred to Sri Hariram Garg in 2014, a promoter of Asian Group under a scheme of takeover. The products of Indong Tea Company are primarily categorized as: CTC (Crush/Cut, Tear, Curl) Tea Tea and Tea Plantation Tea Manufacturing Process Plucking Withering Rolling Fermentation Drying Grading Packing / Dispatching From the manufacturing of tea and other operations, the company clocked the following revenues for the years 2021, 2020, and 2019 - Rs. 2,313 lakhs, Rs. 1,672.64 lakhs, and Rs. 1,481.57 lakhs, respectively.+ Read More
Contact Details
Indong Tea Co.Ltd. AddressSikkim Commerce House4/1, Middleton StreetKolkata, West Bengal, 700071+91 33 4006 3601cs@indongteaco.comVisit Website