31 Mar 2020
Assets41.36
Total Income16.73
Profit After Tax-1.21
NET Worth-4.22
Reserves and Surplus11.75
Total Borrowing20.97
At a glance
Updated 2026-09-17Indong Tea Company is a SME IPO with an issue size of ₹13.67 crore, proposed for listing on BSE SME. The offer opens on 9th Feb 2023 and closes on 13th Feb 2023. The issue structure includes a fresh issue of ₹12.36 crore.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹13.67 Cr
Fresh issue₹12.36 Cr
Face value₹10
Price band—–—
Allotment16th Feb 2023
Listing21st Feb 2023
Grey market
GMP page ↗Latest GMP₹2.00
GMP / upper priceNO DATA
Est. listing₹28.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens9th Feb 2023
Closes13th Feb 2023
Allotment16th Feb 2023
Refund17th Feb 2023
Demat20th Feb 2023
Listing21st Feb 2023
Subscription demand
Full bidding ↗Total4.97×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | — |
Company
Incorporated1990
Use of proceeds
| Object | Amount |
|---|---|
| Funding Capital Expenditure towards Extension, Uprooting, Infilling of Tea Plantation and Irrigation at Indong Tea Estate, Jalpaiguri, West Bengal | ₹6.32 Cr |
| Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal | ₹2.94 Cr |
| Working capital requirements | ₹2.25 Cr |
| General corporate purposes | ₹1.00 Cr |
| Issue related expenses | ₹0.50 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue13.24₹ Cr · -33.6% vs prior year
PAT2.05₹ Cr · +55.3% vs prior year
Assets46.90₹ Cr · +8.4% vs prior year
Net Worth10.68₹ Cr · +23.6% vs prior year
Borrowing10.47₹ Cr · +9.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets40.60
Total Income23.13
Profit After Tax1.28
NET Worth-2.94
Reserves and Surplus13.02
Total Borrowing18.42
31 Mar 2022
Assets43.25
Total Income19.93
Profit After Tax1.32
NET Worth8.64
Reserves and Surplus19.71
Total Borrowing9.60
30 Sep 2022
Assets46.90
Total Income13.24
Profit After Tax2.05
NET Worth10.68
Reserves and Surplus21.76
Total Borrowing10.47
KPIs
| KPI | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards Extension, Uprooting, Infilling of Tea Plantation and Irrigation at Indong Tea Estate, Jalpaiguri, West Bengal | 6.32 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal | 2.94 |
| 3 | Working capital requirements | 2.25 |
| 4 | General corporate purposes | 1 |
| 5 | Issue related expenses | 0.5 |
Valuation & shareholding
Pre-IPO EPS2.12
Pre-IPO P/E9.52
Promoter holding pre96.09%
Promoter holding post64.03%
Market cap₹39.00 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| STUB | — | — | — | — |
| FY22 | — | — | — | — |
| FY21 | — | — | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead Manager Fees including other intermediaries Fees | ₹0.27 Cr |
| Regulators Including Stock Exchanges | ₹0.15 Cr |
| Advertising and Marketing Expenses | ₹0.05 Cr |
| Printing and distribution of Issue Stationary | ₹0.03 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Finshore Management Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-17.
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