Indong Tea Company IPO Date, GMP, Price, Review, Allotment – IPO Watch

Indong Tea Company IPO date is fastened, The IPO will open on September 27 and can shut on September 30, 2022. Indong Tea Company is a BSE SME IPO to lift ₹13.01 crores through IPO. The Indong Tea Company IPO value band is fastened at ₹26 with a market lot of 4000 shares.

Indong Tea Company Limited owns and operates Tea Garden (beneath Government lease) in Western Dooars perched within the foothills of a Himalayan Range. They are a Tea producer having one Tea Garden i.e. Indong Tea Estate which is producing prime quality CTC tea in Door’s area located in Jalpaiguri District of West Bengal. The product vary contains CTC (Crush/Cut, Tear, Curl) Tea.

Sri Hariram Garg & his Associates Company are the present promoter and beneath his management and effors the corporate is doing the enterprise of Tea manufacturing. They additionally began a well-planned “Dairy Farm” having snug lodging facility for round 75-80 bovines. Their present tea property is unfold in complete Gross Area Grant was 740.38 Hq.

Objects of the Issue:

• Funding Capital Expenditure in direction of Extension, Uprooting and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal.
• Funding Capital Expenditure in direction of set up of extra plant and equipment for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal.
• To meet the working capital necessities.
• To meet the Issue Expenses.
• General Corporate Purposes.

Indong Tea Company IPO Review

Indong Tea Company IPO Date & Price Band Details

Indong Tea Company IPO Market Lot

The Indong Tea Company IPO minimal market lot is 4000 shares with a ₹104,000 utility quantity.

Indong Tea Company IPO Dates

The Indong Tea Company IPO date is September 26 and the IPO shut date is September 30. The IPO allotment date is October 6 and the IPO would possibly checklist on October 11.

You can examine Indong Tea Company IPO subscription standing and Indong Tea Company IPO allotment standing on their respective pages.

Indong Tea Company IPO Form

How to use Indong Tea Company IPO? You can apply Indong Tea Company IPO through ASBA out there in your checking account. Just go to the web financial institution login and apply through your checking account by choosing the Indong Tea Company IPO within the Invest part. The different choice you possibly can apply Indong Tea Company IPO through IPO kinds obtain through the BSE web site. Check out the Indong Tea Company kinds – click on BSE IPO Forms obtain, fill and submit in your financial institution or along with your dealer.

Indong Tea Company Company Financial Report

Indong Tea Company IPO Valuation – FY2022

Check Indong Tea Company IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) particulars.

Peer Group

• Tata Consumer Products Ltd
• Goodricke Group Ltd
• Dhunseri Tea & Industries Ltd
• Neelamalai Agro Industries Ltd

Company Promoters

• Mr. Hariram Garg
• Mr. Madanlal Garg
• M/s. Asian Tea & Exports Limited

Indong Tea Company IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/

Indong Tea Company IPO Allotment Status

Check Indong Tea Company IPO allotment standing on Cameo Corporate web site URL. Click Here

Indong Tea Company IPO Lead Managers

• Finshore Management Services Limited

Company Address

Indong Tea Company Limited
Sikkim Commerce House,
4/1, Middleton Street,
Kolkata – 700071
Phone: +91 33 4006 3601
Email: [email protected]
Website: http://www.indongteaco.com/

Indong Tea Company IPO FAQs

Note: The Indong Tea Company IPO particulars are introduced formally. The IPO gray market premium (Indong Tea Company IPO Premium) is up to date on the respective web page. You can examine our IPO gray market web page for every day updates.)

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