IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Indong Tea Company IPO is a book build IPO listing on BSE SME exchange. The company is based in Kolkata and caters to Tea And Coffee sector. Finshore Management Services is the merchant banker of Indong Tea Company IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th August 2022.
Indong Tea Company IPO open date is 9th February 2023 and close date is 13th February 2023. IPO Allotment Date is 16th February 2023 and Listing date is 21st February 2023.Indong Tea Company IPO size is Rs 13.01 Cr. crores with IPO price of Rs 26.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Indong Tea Company IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Indong Tea Company IPO.
Indong Tea Company IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Indong Tea Company IPO, based in Kolkata, operates in the Tea And Coffee sector with a focus on Tea Plantation & Manufacturing of CTC Tea. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Indong Tea Company IPO size is ₹ 13.01 Cr. Crores with fresh issue size of Rs 13.01 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Indong Tea Company IPO is expected to be 16th February 2023, after the finalization of basis of allotment. Investors can check Indong Tea Company IPO allotment status on the registrars website, Cameo Corporate Services Limited. Indong Tea Company IPO refund dates are 17th February 2023.
Indong Tea Company IPO is expected to be listed on 21st February 2023.
The upper price band for the Indong Tea Company IPO is set at ₹ 26.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Indong Tea Company IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Indong Tea Company IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 13th February 2023. After submission, funds are blocked until the basis of allotment of Indong Tea Company IPO is finalised.
The merchant banker for Indong Tea Company IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Indong Tea Company IPO RHP for further details.
The registrar for Indong Tea Company IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Indong Tea Company IPO through their official website or helpline.
Indong Tea Company IPO was subscribed 4.97 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 13.01 Cr.
Avg IPO Size (Sector Based)
:
₹ 13.01 Cr.
Sector: Tea And Coffee
SME IPO so far:
1
Merchant Banker:
Finshore Management
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
[●]
PE
Ratio:
9.52x
Average Sector PE Ratio: 9.52x
Indong Tea Company IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Indong Tea Company Financial Review Page
Merchant Banker(s) of Indong Tea Company IPO: Finshore Management Services Limited
Indong Tea Company IPO subscription was 4.97 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Indong Tea Company IPO listed at a listing price of 20.80 against the offer price of 26.00.
The current market price of Indong Tea Company is 19.37.
Why Us?
