February 9, 2023 - February 13, 2023

Indong Tea Company IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Indong Tea Company IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Indong Tea Company IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Indong Tea Company IPO Review by Dilip Davda (Avoid)

[Dilip Davda] ITCL is in tea plantations and is poised for bright prospects as tea prices are firming up globally. The issue is fully priced based on its H1-FY23 earnings while it is aggressively priced based on its FY22 data. The parent company is having a poor track record. Though it is poised for better prospects, the poor track record of the group company, and the fully priced offer from ITCL, there is no harm in skipping it. Read detail review...

Indong Tea Company IPO Review by Members

Indong Tea Company IPO Reviews, analysis and views by popular members. Read Indong Tea Company Limited IPO reviews by retail investors to find recommended ipo to buy.

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Indong Tea Company IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	1	1
%	0.00	0.00	50.00	50.00

Member	Review
CAhsBlr	Avoid Negative net worth to sudden huge positive net work raises eye brows. Seems a risky bet and hence avoiding. February 7, 2023 4:46:25 PM
SME INVESTOR (300+ Posts)	Neutral Capital Infusion and Year on Year capex is positive. Having many other Tea Gardens by Group. Asian Tea another listed group entities is performing average in Long Term February 7, 2023 5:13:21 PM

Member

Review

CAhsBlr

Avoid

Negative net worth to sudden huge positive net work raises eye brows. Seems a risky bet and hence avoiding.

February 7, 2023 4:46:25 PM

SME INVESTOR (300+ Posts)

Neutral

Capital Infusion and Year on Year capex is positive. Having many other Tea Gardens by Group. Asian Tea another listed group entities is performing average in Long Term

February 7, 2023 5:13:21 PM

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