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SME IPO Status: Listed [9th Feb 2023 to 13th Feb 2023]
Indong Tea Company Limited offers a SME IPO issue size of Rs 13.01 Cr, only for Fresh Issue. Opening for subscription from 09 Feb to 13 Feb 2023. The face value of the equity share is Rs 10 per share and the offer price is at Rs 26 per share. One can apply for the minimum lot size of 4,000 shares and their multiples.
Check out Indong Tea Company Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 9th Feb 2023 |
| SME IPO Issue Closing Date: | 13th Feb 2023 |
| SME IPO Issue Price: | ₹26 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹13.01 Cr |
| Fresh Issue: | ₹13.01 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.09% |
| Promoter Holding Post IPO: | 64.03% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543769 |
Get important updates regarding Indong Tea Company SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Feb 2023 |
| Refunds Initiation* | 17th Feb 2023 |
| Credit of Shares to Demat* | 20th Feb 2023 |
| SME IPO Listing Date* | 21st Feb 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹26 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹104000 |
| Min HNI Lots: | 8000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-02-2023 | 26 | 2 | -- | ₹28 (7.69%) | 21-Feb-2023 9:12 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Indong Tea Company Limited incorporated in the year 1990. It operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated at Jalpaiguri District of West Bengal. The main business of the company is manufacturing of Tea. The Company is having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Dooar's region of Jalpaiguri District of West Bengal. The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer's Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc.
This company's product portfolio are mentioned below :-
| Incorporation | Sector | IPO Issue Size | Website |
| 1990 | Tea Industry | ₹13.01 Cr | http://www.indongteaco.com/ |
The Objects of the Issue are:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,376,000 (50%) | 2,376,000 (50%) | 4,752,000 | |
| 1 | 9th Feb 2023 16:59 | 0.32x | 0.79x | 0.56x |
| 2 | 10th Feb 2023 17:00 | 0.58x | 1.86x | 1.22x |
| 3 | 13th Feb 2023 19:00 | 2.17x | 7.76x | 4.97x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4,136.26 | 1,672.64 | -121.29 | -421.85 | 1,174.94 | 2,097.43 |
| 31-Mar-21 | 4,059.79 | 2,313.00 | 127.56 | -294.30 | 1,302.49 | 1,841.74 |
| 31-Mar-22 | 4,324.96 | 1,992.97 | 131.62 | 863.68 | 1,971.48 | 960.09 |
| 30-Sep-22 | 4,689.74 | 1,324.22 | 204.61 | 1,068.29 | 2,176.09 | 1,047.42 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 24-Feb-2023 08:00:12
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Indong Tea Company SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Indong Tea Company SME IPO with Zerodha.
Alternate approch to apply in Indong Tea Company SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Indong Tea Company SME IPO Review and Important Updates
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To subscribe or apply in Indong Tea Company SME IPO, you can use the following methods:
| Indong Tea Company SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Indong Tea Company SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Indong Tea Company SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Indong Tea Company SME IPO. Most of the Syndicate Banks provide access to apply in Indong Tea Company IPO via ASBA process. You must have your net banking access, DP ID information to apply in Indong Tea Company SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Indong Tea Company SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Indong Tea Company SME IPO Review and Important Updates
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Indong Tea Company SME IPO is going to be list on 21-02-2023. NSE Code for Indong Tea Company is . BSE Code for Indong Tea Company is 543769.
Other relevant questions:
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Indong Tea Company SME IPO Allotment Date is 16-02-2023.
Other relevant questions:
Indong Tea Company SME IPO share allotment date?Indong Tea Company SME IPO allotment date?
