247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Indong Tea Company Limited IPO (Indong Tea Company IPO) Details

Indong Tea Company Limited is an Tea And Coffee based company, located in Kolkata, Indong Tea Company Limited IPO size was 13.01 Cr. and was issued at 26.00 per share. The share of Indong Tea Company Limited were listed at 20.80 per share and are currently trading at 25.45 per share.

Type :
Sub Sector :
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
26.48 Cr.

PAT :
4.09 Cr.

Pricing Report

Issue Price :
26.00

Listing Price :
20.80

Current Market Price :
25.45

Issue Price vs CMP :
0.55 (2.12%)

listing Price vs CMP :
4.65 (22.36%)

Performance Report (CAGR* wise)

CAGR : -1.11
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Indong Tea Company

Company Information
Indong Tea Company incorporated in the year 1990, owns and 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 and is presently managed under the leadership of Sri Hariram Garg, one of the main promoters of the Company. The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer
Object of Issue
  • Funding Capital Expenditure towards Extension, Uprooting, and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal
  • Funding Capital Expenditure towards the installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal
  • To meet the working capital requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

Indong Tea Company SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Feb, 2023
IPO Size :
13.01 Cr.
Market Cap :
39.00 Cr.   
IPO Subscription :
4.97 X     
PE Multiple :
9.52
IPO Registrar:
Cameo Corporate Services Limited
Anchor Investors:

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FAQs

Indong Tea Company operates in Tea And Coffee and . The Issue is listed on BSE SME in Feb, 2023. Indong Tea Company IPO size was 13.01 Cr. with Issue price of 26.00 .

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 25.45.

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