Tejas Cargo IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 160 – 168
Lot Size
800
Issue Size
₹105.84 Cr
Minimum Investment
₹268800 (1600 Shares)
Listing Date
24 February 2025
Subscription
1.24x
About the Company
Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana, specializing in long-haul supply chain transportation services by road across India. The company provides Full Truck Load (FTL) services to various industries, including logistics, steel, cement, e-commerce, FMCG, chemicals, and white goods. As of September 30, 2024, Tejas Cargo had carried out over 61% of its trips using owned fleets and the rest through hired fleets on an ad-hoc basis. The company uses technology-enabled solutions for optimizing operations and minimizing contingencies. In Fiscal 2024, Tejas Cargo completed over 98,913 trips across India.
The company's fleet consists of 1,131 vehicles, including 218 trailers and 913 container trucks, with a tonnage capacity of up to 42 tonnes. Tejas Cargo's fleet is modern, with an average age of 2.88 years, and is equipped with IoT-based solutions such as GPS tracking, geo-fencing, and advanced driver assistance systems. The company operates nationwide through a network of 23 branches, nine of which also handle maintenance and repairs. It has an in-house maintenance facility in Gurugram, Haryana, and a petrol dispensing station for captive use, optimizing fuel costs.
Promoters
- Chander Bindal
- Manish Bindal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects:
- Purchase of additional trailers for the Company;
- To meet working capital requirements;
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company; and
- General Corporate Purposes;
Address / Contact Info
Tejas Cargo India Limited
3rd Floor, Tower B, Vatika Mindscape 12/3,
Mathura Road, Sector-27D, NH-2, Faridabad,
Haryana, India, 121003
Phone: +91-129-4144812
Email: compliance.officer@tcipl.in
Website: https://www.tcipl.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 14 February 2025
IPO Close Date
Tuesday, 18 February 2025
Basis of Allotment
Wednesday, 19 February 2025
Initiation of Refunds
Thursday, 20 February 2025
Credit of Shares to Demat
Thursday, 20 February 2025
Listing Date
Monday, 24 February 2025 — NSE & BSE
Important Dates
Open Date
14 February 2025
Close Date
18 February 2025
Basis Of Allotment
19 February 2025
Listing Date
24 February 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023(Standalone) | 31 Mar 2022(Standalone) |
|---|---|---|---|---|
| Assets | 294.29 | 236 | 116.42 | 63.57 |
| Revenue | 255.09 | 422.59 | 384.37 | 209.67 |
| Profit After Tax | 8.75 | 13.22 | 9.86 | 3.16 |
| Net Worth | 63.16 | 55.45 | 13.02 | 2.94 |
| Reserve & Surplus | 46.6 | 55.2 | 13.01 | 3.16 |
| Total Borrowings | 206.28 | 0 | 0 | 0 |
EPS Pre
7.52%
EPS Post
7.32%
P/E Pre
22.35
P/E (Post Issue)
22.95x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2025. |
|---|---|
| ROE % | 38.62 |
| ROCE % | 28.3 |
| Debt / Equity | 0 |
| RoNW % | 23.85 |
| PbW | 0 |
| Pat Margin % | 3.13 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1775200 | 28.18 | 0 |
| Market Maker | 315200 | 5 | 0 |
| Qualified Institutions | 1184800 | 18.81 | 0 |
| Non-Institutional | 888800 | 14.11 | 0 |
| Retail Investors | 2072800 | 32.9 | 0 |
| Total | 6300000 | 100 | 0 |
Subscription Status ( Tue, 18 Feb 25 12:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1184800 | 1578400 | 1.33x |
| Non-Institutional | 888800 | 1268000 | 1.43x |
| Retail Investors | 2072800 | 2268800 | 1.09x |
| Employees | 0 | 46400 | 0x |
| Total | 4146400 | 5161600 | 1.24x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 134,400.00 |
| Retail (Max) | 1 | 800 | 134,400.00 |
| S-HNI (Min) | 2 | 1,600 | 268,800.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- New Berry Capitals Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Tejas Cargo IPO is a Book-building IPO worth ₹105.84 crores. The price band is ₹160 to 168 per share. The IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Tejas Cargo IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025
Tejas Cargo IPO Price Band is ₹160 to 168.
Tejas Cargo IPO lot size is 800, and the minimum amount required for application is ₹268800.
The minimum investment for Tejas Cargo IPO is approximately ₹268800 based on the upper price band.
To apply for the Tejas Cargo IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Feb 18, 2025. After submission, funds are blocked until the basis of allotment of Tejas Cargo IPO is finalised.
Tejas Cargo IPO issue size is ₹105.84 crores.
Tejas Cargo IPO allotment date is Sat, Jun 27, 2026.
The registrar for Tejas Cargo IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Tejas Cargo IPO through their official website or helpline.