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INDONGSME / BSEListed
Indong Tea Company

Incorporated in 1990, Indong Tea Company Limited is engaged in tea plantation and manufacturing, operating its Indong Tea Estate under a government lease. The estate spans 740.38 hectares and includes plantation fields, a tea factory, withering trough house, staff and labor quarters, officer bungalows, pump house, general stores, and a dairy farm. Originally promoted by Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria, ownership was transferred to Sri Hariram Garg of the Asian Group in 2014. The company specializes in CTC (Crush/Cut, Tear, Curl) tea, managing the entire manufacturing process including plucking, withering, rolling, fermentation, drying, grading, and packing. Indong Tea Company recorded revenues of Rs. 2,313 lakhs in 2021, Rs. 1,672.64 lakhs in 2020, and Rs. 1,481.57 lakhs in 2019.

DRHP
₹26 - ₹264.97x sub
Listed Price₹20.80
Listing Gain-20.00%

IPO Schedule & Timeline

Fixed Price IPO
Open09 Feb 2023
Close13 Feb 2023
Allotment16 Feb 2023
Listing21 Feb 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker2,52,000 shares
5.04%
Nii (hni)23,76,000 shares
45.21%
Retail23,76,000 shares
45.21%

Minimum Application Lots

Retail1 Lot (4,000 shares)
₹1,04,000
HNI2 Lots (8,000 shares)
₹2,08,000

Company Promoters

Mr. Hariram GargMr. Madanlal GargM/s. Asian Tea & Exports Limited

Company Background

Incorporated in 1990, Indong Tea Company Limited is engaged in tea plantation and manufacturing, operating its Indong Tea Estate under a government lease. The estate spans 740.38 hectares and includes plantation fields, a tea factory, withering trough house, staff and labor quarters, officer bungalows, pump house, general stores, and a dairy farm. Originally...

Lead Managers & Bankers

Finshore Management Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹1672.64 Cr
Growth+26.3%
Revenue Trend (₹ in Crores)
0.0886.61.8k2.7kSep 2022Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20201672.64-121.294136.262097.43
Mar 20212313127.564059.791841.74
Mar 20221992.97131.624324.96960.09
Sep 20221,324.22204.614,689.741,047.42

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values00%0%9.520

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
16 Feb 2023
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
21 Feb 2023

Official Allotment Verification Links

Official Registrar Portal
Cameo Corporate Services Limited

Direct allotment verification on the official registrar portal appointed for Indong Tea Company. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization16 Feb 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Feb 2023Trading commences on exchange

How to Check Indong Tea Company Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Indong Tea Company from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Indong Tea Company IPO

Complete issue overview for Indong Tea Company (INDONG) IPO. The issue features an equity share price band of ₹26 per share with a minimum retail lot size of 4000 Shares (minimum application amount of ₹1,04,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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