Indong Tea Company Limited IPO Message Board (Page 6)

Short term profit or loss does not depend on rating. It depends upon operator's play. Everybody says that. Then why go with Block- Unblock exercise for years together in heavily subscribed IPOs. Rating has meaning only for long term investors, which are miniscule in this forum.

Please don't mislead........

Yes, I am not applying in anyone at this batch of SMEs, would not buy also post listing. I am tired of applying, blocking and unblocking and tracking money in bank account. I bought some good quality SMEs from 2° market during this market turmoil. I would track that till next results.

This prediction is failed.

See

Yes you were right. There were so many other seniors in this forum who told not to subscribe but still many applied

Ab agarwal ji ka kya hoga. Glass tootega ya nahi

The company is trying to Capture market 2 Time as First time in Sept they failed.
Reply : The Issue was postponed not failed
3. Direct Tax liability of 9 cr is eye Opening for Retail investors. As 13 Cr IPO will be used to fund tax demands. Henceforth Ur IPO money will be used to Clear this Amount
Reply : For Issuer Company there is liability of only 82 lakhs.
Rs. 807.34 is against the Group Cos. As a disclosure this is given
4. Loan On Books is 9 cr.
For market cap of 40 Cr loans on book is 9 cr.
Reply : It’s a combination of Secured loan 6 cr (as Term Loan and WC 3.8 Cr) and Unsecured 3 cr.
5. Stag Revenue. Revenue has Not growth and Pat delivery is only 1-1.15 CR makes issue coming at 40 PE. Just Before ipo company which is loss making turns Profitable
Reply : PAT for last 3 years is 1.27 cr (5.51%) , 1.31 cr (6.60%) and for sep it is 2.04 cr(7.73% on annualised basis)
In Tea Industry: The plants give the yield after certain no of Years and the efforts which the Company had taken in previous years is giving result now and also Indong is fetching the Highest price in the Auction market.
6. Too many Related party transactions. Puts us into Great Confusion.
Reply : This statement is wrong. The Company sells tea mostly in the Auction market as per Tea Board of India
7. Right issue at par in 2021 against IPO price of 26
Reply :Right issue is always done at lower price only. Company had converted loan at Rs.33 this must also bee seen.
8. Tea State is not Owned by Company. As Tea biz is regulated can affect business.
Reply :This Garden leased from Govt on a long term perpetual lease and is in existence from British era which the Company had acquired in 2014 and slowly they have modernised and increased the area of cultivation with high yielding plants. The Results will be visible more in years to come and also they are further increasing the area of cultivation as mentioned in Prospectus.
9. 97% Revenue from top 5 customer
Reply : Since the Tea is sold in Auction market as per the Tea Board so obviously the number will be low as only Authorised dealers can participate
10. Total Salary paid is 10 Cr to total employee of 1307 even if all given same salary that comes to 6000 rs per Employee is strange in current scenario on monthly basis.
Reply : Cant analyse like this. As there is Peak season and lean season and accordingly labourers are employed. The wages are given as per daily basis and as per Govt norms.

Made ID today to Defend.
Umesh Have Not made Any Comment Today Suddenly Come To Defend This Company

'EYE OPENER'

NEVERTHELESS
Good
If u r so confident
Why Not Make GMP happen?

UPTO What price You will Buy On screen?

Let Me know

Umesh Babu, good try.. itna dimag nahi chalta hamara. Hum to sector dekhkar hi nahi apply karenge...

I am not requesting you to apply. Use your mind before applying. I am going to apply.

@arjun Rajkot

My id is almost 8 years old. But I rarely do messages.

Umeshbhai ek baat samaj me nahi aaie ki apko 1 ya 2 nahi sabhi savalo ke javab mil gaye
Jodarrrr ya coincidence

Apart from sector related issues, the response from @Umesh Sharma is quite convincing and provides good inputs for those who wants to take an independent call. Thanks Sharmaji for your post. Could you please let the members know that how are you related with the organisation.

terrible experience with this sme (naturo)........after that overall good with other ipos.

Why mentioning only selected company ??

Total 14 ipos in 2022

10 ipos +ve listing (1 above 150%, 4 above 50%, 2 above 40%, 2 above 20%, 1 flat)
4 ipos -ve listing ( 1 above -10%, 3 around -5%)

Totally agree with crsl.
Every LM has their ups and down and every LM cann't give 100% return everytime.

The IPO managed by same LM is also in top 10 performers list of companies and also some IPO were very disappointing. So choose yours investment skill also before making investment decision. LM should not only be blamed

kuch log iss vajah se avoid jaroor kare gee........The Merchant Bankers should try to give reasonable amount of Premium to Retail investors........IPO line is there just because of Retail....