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 |
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