Indong Tea Company Ltd. has announced public offering of 5004000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 16.00 per share. The gross proceeds of the issue are expected to be Rs 1,301.04 lakhs.

The company's initial public offer (IPO) will open on 27 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 5004000 Equity Shares of the Company at an price of Rs 26.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Indong Tea Company Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.