Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Tea Post IPO
The Tea Post IPO is a book-built issue, which comprises a fresh issue of shares of up to 1.42 crore equity shares and an offer for sale of 1.42 crore equity shares of ₹1 per share. The company filed its DRHP with SEBI on June 10, 2025.
The price band and official dates of opening/closing of subscription and listing will be announced by the company later. The shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager (BRLM) of this issue is Srujan Alpha Capital Advisors Ltd., while the registrar of the issue is Cameo Corporate Services Ltd.
Company Background
Tea Post Ltd. was founded in the year 2015 in the city of Ahmedabad, Gujarat. The company started with the aim of providing a hygienic and standardized tea experience to the people of India. The company has been able to establish itself as one of the leading players in the "chai café" segment over the past decade. The company has its headquarters in Ahmedabad, but it has been able to establish itself in other cities as well.
Operations & Product Range
Tea Post Ltd. has a chain of tea cafés operated through company-operated as well as franchisee-operated models. The products offered by the company revolve around different varieties of tea (chai), along with a range of snacks and fast foods. The company targets the middle-class consumer segment, providing a clean, comfortable and affordable "third space" for socializing.
Facilities & Capacity
Tea Post Ltd. runs its operations from its corporate office, which is situated in Ahmedabad. The operational strength of the company can be estimated from its growing number of outlets and supply chain network that supports its cafes. The company utilizes information technology to manage customer interactions and operations of its outlets.
Brands & Market Presence
Tea Post Ltd. operates under the popular "Tea Post" brand name, which is a household name in Gujarat and the surrounding areas. Its current market presence is restricted to the domestic Indian market. The brand is known for its excellence in operations and its scalability through the cluster business model approach, which enables improved logistics and visibility of the brand in the region.
Revenue Streams & Business Model
The major sources of revenue for Tea Post Ltd. are the sales of products through company-owned outlets and the franchise fees/royalty income received from its franchises. During the financial year ended March 31, 2024, the company has demonstrated a remarkable increase in its business operations. The business model is highly scalable and it is a mix of company-owned and franchised outlets.
Management & Shareholding
Tea Post Ltd. is promoted by a group of people, including Darshan Anilbhai Dashani, Samir Anilbhai Dashani and others. The promoters have been very instrumental in taking the brand from a single outlet to a chain of outlets. Before the Tea Post IPO, the promoters had a substantial stake in the company, whereas in this case, the IndiaNivesh Venture Capital Fund was the main selling shareholder in the OFS component.
Board & Key Management
The Tea Post Ltd. has a board of directors headed by the promoters and other experienced directors like Arun Vijaykumar Gupta. The key personnel, CS Daisy Mehta, assist in the management of the company. The management team is committed to sustaining the quality and hygiene standards that the Tea Post brand has become known for.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Tea Post IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Tea Post IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹1 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | - |
| Total Issue Size | 2,85,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 1,42,50,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 1,42,50,000 shares of ₹1 (agg. up to ₹[.] Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,99,57,241 shares |
| Share Holding Post Issue | 10,42,07,241 shares |
Tea Post IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Tea Post IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Tea Post IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 37.48% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • A successful expansion strategy that utilizes both company-owned and franchise stores.
- • "Tea Post" is an existing and credible brand in the hygiene-oriented tea café segment.
- • IT-enabled consistency across hundreds of outlets.
- • Pre-eminent position in Gujarat with a clear plan to penetrate other domestic markets.
Tea Post IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 57.95 | 49.65 | -1.02 | 20.19 | 19.42 | 0.20 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 50.94 | 54.69 | -1.02 | 9.51 | 8.77 | 4.15 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 40.77 | 43.69 | -0.94 | 10.65 | 9.92 | 1.44 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 30.27 | 26.00 | -0.94 | 11.26 | 10.43 | 0.17 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -10.11% |
| ROCE | 13.92% |
| Debt/Equity | 0.44 |
| RoNW | -10.11% |
| PAT Margin | -1.89% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -0.11 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
Tea Post Ltd. intends to use the proceeds from the fresh issue for the strategic purposes, which are:
- • Funding outlet network for future projects
- • General corporate purposes
The proceeds from the offer for sale will go to the IndiaNivesh Venture Capital Fund.
Conclusion
The Tea Post IPO is an opportunity in the branded food and beverage industry in India, as it institutionalizes the "chai" experience, which provides a huge consumer base for the company. The primary theme of this issue is operational excellence and regional clustering, which provides a clear roadmap for the next phase of growth for the company. Tea Post Ltd. is ready to capitalize on the organized café culture trend in India because of its unique brand and business model.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 12-06-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
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Frequently Asked Questions (FAQs)
-
What is the total issue size of the Tea Post IPO?
The IPO includes up to 2.85 crore equity shares.
-
Who is the selling shareholder in the Tea Post IPO?
The primary selling shareholder is IndiaNivesh Venture Capital Fund.
-
What is the face value of Tea Post Ltd. shares?
The equity shares have a face value of ₹1 each.
-
Where is the company based?
The headquarter of the company is in Ahmedabad, Gujarat.
-
What is the main business model of Tea Post Ltd.?
The company operates and franchises a chain of tea cafés offering tea and snacks through a cluster-based approach.
-
Who is the lead manager for this Tea Post IPO?
Srujan Alpha Capital Advisors is the BRLM for this issue.
