About 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.
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 Financial Information
Latest Revenue
49.65
₹ Crore
Profit After Tax
-1.02
₹ Crore
Net Worth
20.19
₹ Crore
Total Borrowing
0.2
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 57.95 | 49.65 | -1.02 | 20.19 | 19.42 | 0.2 | |||
| 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 | -0.94 | 11.26 | 10.43 | 0.17 | |||
| Amount in ₹ Crore | |||||||||
Tea Post 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.
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Competitive Strengths
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.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 12/06/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
Tea Post IPO Timeline
| 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 | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |