Indong Tea Company Limited
Indong Tea Company Limited
Indong Tea Company Limited, founded in 1990, is involved in the manufacturing of tea. The organization operates a tea garden on government-leased land and is engaged in tea manufacturing and the plantation of CTC tea.
Their Indong tea estate is spread across 740.38 hectares and consists of a tea factory, general stores, tea plantations, staff quarters, officer’s bungalows, a dairy farm, etc
Their products are categorized as:
- CTC Tea
- Tea Plantation
- Making Process
- Picking off
- Withering
- Rolling
- Fermentation
- Drying
- Grading
- Packing
Purpose of the IPO
- To fulfill the general corporate expenses
- To meet the working capital requirements
- Plan to install the plant and machinery for tea plantations in West Bengal, and Jalpaiguri.
Consolidated Company Financials (Amount in lakhs)
Period Ended | Total assets | Total Borrowing | Total Revenue | Net worth |
31-Mar-21 | 4059.79 | 1841.74 | 2313 | -294.3 |
31-Mar-22 | 4324.96 | 960.09 | 1992.97 | 863.68 |
30-Sep-22 | 4689.74 | 1047.42 | 1324.22 | 1068.29 |
IPO Details
Opening Date | Feb 9, 2023 |
Closing Date | Feb 13, 2023 |
Listing Date | Feb 21, 2023 |
Face value | Rs.10 each share |
Price | Rs.26 each share |
Lot size | 4000 shares |
Issue size | 5,004,000 shares (up to Rs. 13.01 crore)
|
Fresh issue | 5,004,000 shares (up to Rs. 13.01 crore)
|
Listing At | BSE SME |
