Indong Tea Company Limited IPO Message Board (Page 1)

Any future for this company, still holding some lots.

ajj bada maal uthaya hai kisine.
stock is at very attractive price now.

Only 80% of the IPO shares traded in last 25 days of trade since listing. Still people are trapped, hope this stock starts a reverse movement now.

Wait till it does not fall to single digit and than consider to buy according to one's risk aptitude.
Takeover king of food industry is himself in trouble?

Unless 100% of the shares change hands, the company/ LM will not let the price increase. Till now arnd 75% of the shares issued traded.

Now fear to buy at 50% discount from IPO price

I will buy at 13/- ek pe ek free

now the share is available at its book value i.e 15.92.
thinking to add 1 lot.

added 4 lots at LC. stock at PE of 6. hope it goes up now.

Heavy sell off after 3 pm

Everything (financials, PE(low) ,) is good but Tea sector is not having much fancy amongst the traders thats why very less buying can be observed in this share.

We should not lose hope. 45% inventory still held at 26, LTP is 20.01. It should slowly reach its Life high of 22.85 first and the try to achieve 26.

It has started to reverse the trend. After LC in the morning, it has hit the UC now.

After hitting uc for the first time what you think of it.. will it turn profitable or one should sell once the losses narrows.

In my view, 50% inventory still held by allottees. It purely depends on the demand n supply. Definitely the stock is still at a significant distant from its IPO price. But it will try to cover the distance, the resistance could be at 21 which was the listing day price n significant trade took place at that price. The holding company Asian Tea is completely hopeless..

Wealth destroyer

What is the Lockin Period for the Indong Tea Company?

What do you mean by lock in period. There is no QIB quota/ no anchor, so I guess no lock in.

@Sanchit jain, u r right sir, Nikunj as market maker showed his back anyways it is history now. Rising tea prices can help the script. No body can predict any thing can happen in sme.

Nitika Agarwal purchased one lakh shares @19.75 yesterday. Bulk purchase deals happening. Wt does this indicate?

Correction- Ritika Aggarwal.
Bulk Purchases are good as they are gud in lending stability to the price. But coudn not understand why the market maker Nikunj Securities offloaded all its alloted shares of 2.52 L on 1st day itself @ 20.76 when issue price was 26?

Cant understand what is wrong with the company. My observations:
- Loan of 9 cr against a market cap of 30 cr is nothing.
- Even BV of the company is 29.7, , so atleast it should command that price.
- Consumer business have highest PE multiples.
- Combination of LM - Finshore and Market Maker - Nikunj Securities, seems creditable enough with their past record. But may be the track record of promoters/ Asian Tea & Exports Ltd is hampering Indong's performance.

Still holding on to the 2 lots with a hope to atleast reach the IPO price soon.

@sanchit jain, uh r right, i sold two lots at 22.85 and covered at 20.90. Only hope is tea prices increasing internationly. Selling is happening but bulk deal are taking place. If someone is selling other is buying in bulk . Let's see wt is in the stores.

Disastrous listing of Indong Tea is again a warning that we should not apply in every SME blindly. People who apply in low subscribed IPOs out of frustration to get allotment are at risk of loosing their capital.
We have so many GURUS /EXPERTS who give unbiased opinion.
Reviews by Dilip Sir are always very helpful in understanding the SME fundamentals.
So always avoid risky bets. We are not gamblers but investors.
Sincere thanks to Chittorgarh.com for providing the only forum for IPO discussion.

Terrible listing.. may hit LC after 10Am.
May go like moxsh way. Exit ASAP.

Sell this junk. It will go further down in upcoming days.

Today bulk buy deals includes name of Multiplier, who is known for selling immediately next day /next to next day.

He bought 4.5L shares.

So be cautious, LC again may come any day.

Share Target 10/- this March
Stay Tune

@Gaurab DD dimer
Yes, you have rightly pointed out. This Multiplier also contributed in bringing down price of Earthsthal. It buys and then sell in 1-2 days.

@satishreddytips, dear will have to wait for the price to come, no other way out. SME s are very unpredictable any thing can happen here. So patience is key and of course prayers to almighty.