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Indong Tea Company IPO

Open 9th Feb 2023 · Close 13th Feb 2023 · Listing 21st Feb 2023

Price BandTBA
Live GMP₹2.00
Subscription4.97×
Issue Size₹13.67 Cr
Allotment16th Feb 2023

IPO Objectives

Indong Tea Company IPO — dedicated ipo objectives page.

Objects of the Issue

#PurposeEstimated Amount
1Funding Capital Expenditure towards Extension, Uprooting, Infilling of Tea Plantation and Irrigation at Indong Tea Estate, Jalpaiguri, West Bengal₹6.32 Cr
2Funding Capital Expenditure towards installation of additional plant and machinery for Tea Processing Unit at Indong Tea Estate, Jalpaiguri, West Bengal₹2.94 Cr
3Working capital requirements₹2.25 Cr
4General corporate purposes₹1.00 Cr
5Issue related expenses₹0.50 Cr