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15 Days Price Change

Indong Tea Co IPO

Closing In

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WEBSITE Inc. Year: 1990 Industry: Tea/Coffee Listed Page

Profile
Issue Size --
Profile
Price Range 26  to  26 per share
Profile
Min Investment ₹26
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Basic Info

Face Value 10 per share

Price 26  to  26 per share

P/E (x) --

Sales( Cr.) 30

PAT( Cr.) 0

EPS 0

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Mr. Hariram Garg Mr. Madanlal Garg M/s. Asian Tea & Exports Ltd

Pre Issue Share Holding 100%

Post Issue Share Holding 70.55%

Listing Details:

Listing Price: 20.8

Listing Gain: -25%

Current Price: 8.5

Gain On Issue: 8.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 09, 2023
Closing Date Feb 13, 2023
Allotment Feb 14, 2023
Refund Feb 15, 2023
Delivery of Shares Feb 15, 2023
Listing Date Feb 16, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 104,000
Retail (Max) 1 4000 104,000
S-HNI (Min) 2 8000 208,000
S-HNI (Max) 9 36000 936,000
B-HNI (Min) 10 40000 1,040,000

Objective of the Issue

1. Funding Capital Expenditure towards Extension, Uprooting, and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal 2. Funding Capital Expenditure towards the installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal 3. To meet the working capital requirements 4. To meet the Issue Expenses 5. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 2502000 5429340 2.2x
Retail 2502000 19415520 7.8x
EMP 0 0 0x
Total 5004000 24869880 5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Indong Tea Co Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 15 15 23 19 21 21 30
Other Income 0 1 0 0 3 2 0
Total Income 15 17 23 20 24 24 30
Total Expenditure 14 14 19 16 19 22 27
Operating Profit 1 3 4 4 5 1 3
Interest 2 2 2 2 1 1 1
Depreciation 1 1 1 3 3 2 2
Exceptional Income / Expenses -0 0 0 0 0 0 0
Profit Before Tax -1 -0 1 -0 1 -1 0
Provision for Tax -0 0 -0 -0 0 0 0
Profit After Tax -1 -0 1 -0 1 -1 0
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments -1 -0 1 -0 1 -1 0
Adjusted Earnings Per Share -2 -0.7 2.5 -0.2 0.8 -0.9 0.2

Indong Tea Co Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 17 17 18 38 52 49 61
Minority's Interest 0 0 0 0 0 0 0
Borrowings 2 2 13 4 7 4 3
Other Non-Current Liabilities -0 -0 1 2 3 4 5
Total Current Liabilities 18 22 8 8 3 10 9
Total Liabilities 38 41 41 52 65 66 78
Fixed Assets 34 37 37 48 50 57 57
Other Non-Current Assets 1 1 1 0 5 4 5
Total Current Assets 2 3 3 4 9 5 17
Total Assets 38 41 41 52 65 66 78

Indong Tea Co Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0
Cash Flow from Operating Activities 5 6 4 4 -3 3 -9
Cash Flow from Investing Activities -5 -5 -1 -3 -8 -5 -3
Cash Flow from Financing Activities -1 -1 -4 -1 11 2 13
Net Cash Inflow / Outflow -0 0 -0 0 -0 0 1
Closing Cash & Cash Equivalent 0 0 0 0 0 0 1

Indong Tea Co Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -2.02 -0.72 2.5 -0.2 0.75 -0.9 0.17
CEPS(Rs) -0.78 1.07 4.27 2.32 2.46 0.11 1.13
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) -7.54 -8.26 -5.76 6.23 13.27 11.98 16.03
Core EBITDA Margin(%) 6.36 8.7 18.25 17.42 8.51 -5.13 9.98
EBIT Margin(%) 3.54 10.76 14.6 6.74 10.95 -1.75 4.23
Pre Tax Margin(%) -7.65 -2.06 5.41 -1.53 6.14 -5.54 1.17
PAT Margin (%) -7.11 -2.37 5.53 -1.05 5.35 -6.36 1.06
Cash Profit Margin (%) -2.74 3.53 9.45 11.9 17.52 0.77 7.23
ROA(%) -2.75 -0.93 3.12 -0.44 1.92 -2.07 0.45
ROE(%) 0 0 0 -12.4 8.61 -7.16 1.31
ROCE(%) 4.16 11.45 20.89 8.39 10.39 -1.31 3.7
Receivable days 3.38 1.91 1.24 6.52 9.98 5.93 48.29
Inventory Days 40.67 38.9 29.02 35.81 36.62 37.36 36.08
Payable days 755.81 810.31 249.88 1188.88 -2108.48 89.63 49.57
PER(x) 0 0 0 0 18.26 0 106.26
Price/Book(x) 0 0 0 0 1.03 1.42 1.1
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 1.46 1.67 1.02 0.99 1.19 1.68 1.42
EV/Core EBITDA(x) 17.61 10.02 5.49 5.02 5.15 31.19 13.63
Net Sales Growth(%) 0 6.59 48.9 -15.52 7.97 1.33 42.28
EBIT Growth(%) 0 224.08 101.95 -60.98 75.3 -116.22 443.91
PAT Growth(%) 0 64.45 447.05 -115.98 651.84 -220.47 123.8
EPS Growth(%) 0 64.45 447.05 -108.17 467.7 -220.46 118.38
Debt/Equity(x) -4.21 -4.97 -6.26 1.54 0.43 0.58 0.32
Current Ratio(x) 0.12 0.15 0.34 0.44 2.85 0.47 1.76
Quick Ratio(x) 0.03 0.07 0.1 0.22 2.11 0.26 1.33
Interest Cover(x) 0.32 0.84 1.59 0.81 2.28 -0.46 1.38
Total Debt/Mcap(x) 0 0 0 0 0.42 0.41 0.29

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 43% 16% 15% 0%
Operating Profit CAGR 200% -9% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -45% -35% NA% NA%
ROE Average 1% 1% -2% -1%
ROCE Average 4% 4% 8% 8%

Company Contact Information

Indong Tea Company Ltd.

Sikkim Commerce House 4/1, Middleton Street

IPO Lead Manager(s)

Indong Tea Company Ltd.

Finshore Management Services Ltd.

Registrar Info

Indong Tea Company Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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