Indong Tea Company Limited IPO
(i) Originally, Indong Tea Company Limited was incorporated on the 28th day of December, 1990 in the name of Indong Tea Company Private Limited.
(ii) It got its’ certificate of commencement & was converted from Private Limited Company to Public Limited Company on the 14th day of January, 2022.
(iii) The Main Business of the company is manufacturing Tea. The Company have one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Door’s region.
(iv) Indong is a magnificent Tea Garden in Western Dooars perched in the foothills of a Himalayan Range. Blessed with a bracing climate and a panoramic view of the mountains and meandering rivers, the garden was founded over a century ago by the British Planters under the famous Gillanders & Arbuthnot & Co. Even today, the garden retains many of the British legacies.
(v) In the year August 2014, the Company was taken over by Sri Hariram Garg & his Associates Company who are the Present Promoters of the Company. Under the Leadership of Sri Hariram Garg, He started putting his invigorating efforts to bring back the economic viability by way of massive investments in all spheres while at the same time taking a keen interest in the welfare of the workers. He invested fresh capital and installed new machinery which resulted in high yields.
(vi) The estate has started a well-planned Dairy Farm ” having a comfortable accommodation facility for around 75-80 bovines. The “Desi ” Cows have been brought from Gir, Gujarat which is considered to be the best species available in the country as its Milk, Urine and Cow-dung are replete with tremendous medicinal Properties. The Dairy Firm is also generating employment for the educated and eligible dependents of the permanent garden worker.
Objects of the Indong Tea Company Limited IPO:
Indong Tea Company Limited IPO Details:
|Open Date:||Feb 09 2023|
|Close Date:||Feb 13 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||13.01 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 26 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Feb 21 2023|
Promoters And Management:
Financials of Indong Tea Company Limited IPO:
|Particulars (in Lakhs)||2022||2021||2020|
|Revenue from Operations||1,949||2,307||1,549|
|Cost of Material Consumed||25||187||111|
|Change in Inventories||16||-36||-36|
|Employees Benefit Expenses||1,053||1,109||1,004|
|No. of Shares||149.94||149.94||149.94|
Comparison With Peers:
|Name of the Companies||Revenue (Cr)||Profit (Cr)||EPS||P/E||CMP||MCap|
|Dhunseri Tea & Industry Limited||349||-94||-89.6||-2.43||218||229|
|Tata Consumer Products Limited||12,425||1,015||10.15||64.4||730||67,827|
|Goodricke Group Limited||823||5||2.44||78.7||192||415|
|Neelamalia Agro Industries Ltd.||30||33||522.7||5.9||3500||218|
|Indong Tea Company Limited||19||1.32||0.88||30||26||25.9|