Market & News

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.