
Agriculture & Food Processing · BSE
Incorporated in 1990, Indong Tea Company Limited is engaged in tea plantation and manufacturing, operating its Indong Tea Estate under a government lease. The estate spans 740.38 hectares and includes plantation fields, a tea factory, withering trough house, staff and labor quarters, officer bungalows, pump house, general stores, and a dairy farm. Originally promoted by Devvrat Gupta, Shyam Saran Gupta, and Nagarmal Kanoria, ownership was transferred to Sri Hariram Garg of the Asian Group in 2014. The company specializes in CTC (Crush/Cut, Tear, Curl) tea, managing the entire manufacturing process including plucking, withering, rolling, fermentation, drying, grading, and packing. Indong Tea Company recorded revenues of Rs. 2,313 lakhs in 2021, Rs. 1,672.64 lakhs in 2020, and Rs. 1,481.57 lakhs in 2019.
Price Band
₹26
Issue Size
₹13.01 Cr
Lot Size
4000 shares
GMP
+5.8%
Est. Listing
₹27.5
at current GMP
Subscribed
4.97x
overall
Open
9 Feb 2023
Close
13 Feb 2023
Allotment
16 Feb 2023
Refund
17 Feb 2023
Demat Credit
18 Feb 2023
Listing
21 Feb 2023