Issue Price
₹26
Per Share
GMP
NIL
Grey Market
Est. Listing
₹26
Expected Price
Min. Application
₹208,000
2 lots × 4000 shares
ncorporated in 1990, Indong Tea Company Limited is primarily in the manufacturing of Tea. The company runs a a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea.Their Indong Tea Estate is spread over an area of 740.38 Hectares and consists of Tea Plantation, Tea Factory, Withering Trough House, Officer's Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm, etc.The original promoters of the company were Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria. The ownership was transferred to Sri Hariram Garg in 2014, a promoter of Asian Group under a scheme of takeover.The products of Indong Tea Company are primarily categorized as:CTC (Crush/Cut, Tear, Curl) TeaTea and Tea PlantationTea Manufacturing ProcessPluckingWitheringRollingFermentationDryingGradingPacking / DispatchingFrom the manufacturing of tea and other operations, the company clocked the following revenues for the years 2021, 2020, and 2019 - Rs. 2,313 lakhs, Rs. 1,672.64 lakhs, and Rs. 1,481.57 lakhs, respectively.
Indong Tea Co.Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 504,000 | — | ₹1.31 Cr | — |
| TOTAL | 5,256,000 | 100.00% | ₹13.67 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹104,000 |
| Retail (Max) | 13 | 52,000 | ₹1,352,000 |
| sNII (Min) | 14 | 56,000 | ₹1,456,000 |
| bNII (Min) | 68 | 272,000 | ₹7,072,000 |
| Particulars | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue from Operations | 1324.22 | 1992.97 | 2313.00 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 204.61 | 131.62 | 127.56 |
| Net Worth | 1068.29 | 863.68 | -294.30 |
| Total Assets | 4689.74 | 4324.96 | 4059.79 |
| Reserves & Surplus | 2176.09 | 1971.48 | 1302.49 |
| Total Borrowings | 1047.42 | 960.09 | 1841.74 |