Upcoming IPO: Tea Post Files DRHP With SEBI For IPO

Tea Post, a Gujarat-based tea café chain, has filed its DRHP with SEBI for IPO. 

The company previously filed the DRHP on March 30, 2025, but withdrew it. 

The proposed issue is a combination of a fresh issue of 1.42 crore equity shares and OFS component of 1.42 crore equity shares, totalling 2.85 crore equity shares. 

The book-running lead managers for the IPO are Srujan Alpha Capital Advisors, and Cameo Corporate Services is the registrar for the issue. 

Utilisation of Funds

The net proceeds from the fresh issue will be used to:

• Open a new company operated Tea Cafés by the Company
• General corporate purposes 

Financial Performance

Tea Post has experienced consistent revenue growth. Their revenue from operations has increased from ₹2,588.20 lakhs in Fiscal 2022 to ₹5,401.96 lakhs in Fiscal 2024. This represents a year-on-year growth of 67.08% in Fiscal 2023 and 24.92% in Fiscal 2024.

Company Profile

Tea Post is a leading organised tea café chain in India that specialises in serving freshly prepared tea, complementary beverages, and snacks. According to the D&B Report, the company holds the distinction of being the largest organised tea retail chain in Gujarat in terms of store count.

As of February 28, 2025, Tea Post operates 248 outlets, comprising both company-owned and franchisee-operated Tea Cafés, spanning across 61 cities across the Indian states of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. 

Recently, they have entered the international market with the launch of three franchisee-operated outlets in the United Arab Emirates (UAE). 

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