Gujarat-based cafe chain, Tea Post, filed its draft red herring prospectus for an initial public offering on June 10. The offering consists of a fresh issue of 1.42 crore equity shares and an offer for sale of another 1.42 crore shares. The total issue size is of 2.85 crore equity shares.
Shares of Tea Post will be listed on both the BSE and NSE.
Cameo Corporate Services Ltd. and Srujan Alpha Capital Advisors LLP have been appointed as the book-running lead managers for the issue.
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IndiaNivesh Venture Capital Fund, holding a 33.96% stake in Tea Post, plans to offload 1.42 crore shares via the OFS.
Promoters, who collectively hold a 37.48% stake, include Acclaim Enterprise LLP, Darshan Anilbhai Dashani, Samir Anilbhai Dashani, Dashani Bhakti, Jayshreeben P Joshi, and Dashani Divya D. The remaining 62.52% stake is held by public shareholders along with IndiaNivesh Venture Capital Fund.
Tea Post offers a diverse selection of teas and beverages. The company serves over 15 varieties of hot and cold teas, covering both traditional and modern variants. The company prides itself on standing out from its peers, providing a unique desi experience to its customers.
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