IPO Synopsis

Indong Tea Company Ltd

Registered Office: Sikkim Commerce Houses,4/1 Middleton Street, Kolkata - 700001, West Bengal, India. Phone : 91-33-4006 3601   Fax: Email : cs@indongteaco.com Website :www.indongteaco.com

Initial public offer of 50,04,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Indong Tea Company Limited (the "Company" or the "Issuer") for cash at a price of Rs. 26/- per equity share, including a share premium of Rs. 16/- per equity share (the "Issue Price"), aggregating to Rs. 13.01 crores ("The Issue"), of which 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 26/- per equity share, aggregating to Rs. 0.66 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 47,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 26/- per equity share, aggregating to Rs. 12.36 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 33.36% and 31.68% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 26/- each i.e., 2.6 times of the face value of the equity shares. The minimum lot size is 4,000 equity shares. Issue Opens On Closes On 09-Feb-23 13-Feb-23 Money Payable On Application Allotment 26.00 0.00 Minimum Application for shares in Nos : 4000 Further Multiples of : 4000 Cr Lead Managers to the Issue Project Cost (.Cr) 12.51 Finshore Management Services Ltd Project Financed through Current Offer (.Cr) 13.01   Post Issue Equity Share Capital (.Cr) 15.00 Issue Price () 26.00

Projects

Funding capital expenditure towards extension, uprooting, infilling of Tea Plantation and irrigation at indong Tea Estate ,Jalpaiguri, West Bengal Funding capital expenditure towards installation of additional plant and machinery for tea processing unit at Indong Tea Estate, Jalpaiguri, West Bengal Working capital requirements General corporate purposes

Promoted By

Hariram Garg

Madanlal Garg

Asian Tea & Exports Ltd

Listing At

BSE - SME

Registrar to the Issue

No Data Available