| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹13.67 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹13.67 Cr |
| Fresh Issue | ₹12.36 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน26.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543769 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 |
| 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 | ||||
| KPI | |
|---|---|
| RoNW | 15.24% |
| PAT Margin | 7.00% |
| EBITDA Margin | 18.83% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 2.12 | |
| P/E (x) | 9.52 | |
| Promoter Holding | 96.09% | 64.03% |
| Market Cap | โน39.00 Cr. | |