BNK Capital Group

IPO

IPO Snapshot

Indong Tea Company Ltd.

Issue Open Date	09-Feb-23
Issue Closing Date	13-Feb-23
Application Money	100
Allotment Money

Price Band ()	26 -
Minimum Bid Quantity.	4000
Issue Size (Shares)	5004000
Market Lot	1

Objective

A. Funding Capital Expenditure towards Extension, Uprooting and Infilling of Tea Plantation at Indong Tea Estate, Jalpaiguri, West Bengal.B. Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal.C. To meet the working capital requirements.D. To meet the Issue Expenses.E. General Corporate Purposes.

Business Description

Incorporated in 1990, Indong Tea Company Limited owns and operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated in Jalpaiguri District of West Bengal. The company is presently managed under the leadership of Sri Hariram Garg, one of the main promoters of the Company. The main business of the company is manufacturin...

Promoter's Holding

Total Share Capital	9605794
Offered to Public	5004000
Promoter's Holding (Pre-Issue)	96.09
Promoter's Holding (Post-Issue)	64.03

Address

Address :Sikkim Commerce House
4/1
Middleton Street
City :Kolkata, State :West Bengal Pincode :700071 Phone :033-40063601 Email : cs@indongteaco.com Website : www.indongteaco.com

Registrar

Cameo Corporate Services Ltd
Subramanian Buildings No 1
Club House Road

Chennai

Listed at

BSE

Lead Manager

Finshore Management Services Ltd.

Promoters

Aaian Tea & Exports Ltd.
Hariram Garg
Madanlal Garg

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Sl.no	Name of the report	URL
1	Track Record of the public issues managed	https://www.bnkcapital.com/files/downloads/638702164788663094_Disclousure_of_Track_Record_of_the_public_issues_managed_by_Merchant_Bankers_for_the_Half_Yearly_period_-_Sep_2024.pdf
2	Investor Charter	https://www.bnkcapital.com/files/pdf/BNK-Investor-Charter.pdf
3	Disclosure of data on complaints (Investor grievances data)	https://www.bnkcapital.com/files/pdf/Investor-Complaints-Data-January-2025.pdf

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