Indong Tea Company Limited
ListedSMEAgriculture & 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
₹1.5
+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
Last updated 12 days ago
Overall Subscription
4.97x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 2,501,923 | — | 0.00x |
| Non-Institutional (NII / HNI) | 750,577 | — | 0.00x |
| Retail Individual (RII) | 1,751,346 | — | 0.00x |
| Total | 5,003,846 | 0 | 4.97x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 438 | 2,177 | 4.97x |
| HNIs (10L +) | 3 | 15 | 5.00x |
| HNIs (2-10L) | 13 | 65 | 5.00x |
| Total Applications | 454 | 2,257 | 4.97x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Indong Tea Company Limited Public Issue & Market Profile
Indong Tea Company Limited is bringing an initial public offering (IPO) in the Agriculture & Food Processing sector with an aggregate issue size of ₹13.01 Crores. The shares are offered at a price band of ₹26 to ₹26 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,04,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-02-18, while un-allotted funds or UPI block mandates will be released on 2023-02-17.
Frequently Asked Questions
What is Indong Tea Company Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Indong Tea Company Limited IPO is ₹1.5 per equity share. Based on the upper price band of ₹26 to ₹26 per equity share, the estimated listing price is ₹27.5 (+5.8% expected listing gain).
What is the expected profit per lot for Indong Tea Company Limited IPO?
With a lot size of 4000 shares and current GMP of ₹1.5, the expected profit per application lot is approx ₹6,000 (+5.8% gain). Minimum application cost is approx ₹1,04,000.
What is the issue size and price band for Indong Tea Company Limited IPO?
The Indong Tea Company Limited IPO aggregate issue size is ₹13.01 Crores with an equity price band set at ₹26 to ₹26 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,04,000.
How can I check Indong Tea Company Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 4.97x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
Where and when will Indong Tea Company Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2023-02-16. Investors can verify status using PAN card or application number.
When is the listing date for Indong Tea Company Limited IPO?
Indong Tea Company Limited shares are scheduled to list on BSE on 2023-02-21.