Tejas Cargo IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Fri, 14 Feb 2025
Close Date
Tue, 18 Feb 2025
Price Band
₹ 160 – 168
Lot Size
800
Issue Size
₹ 105.84 Cr
Minimum Investment
₹ 268,800 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Tejas Cargo IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹105.84 Crore, comprising a fresh issue of 63.00 Lakh equity shares aggregating to ₹105.84 Crore.
The Tejas Cargo IPO remained open for subscription from February 14, 2025, to February 18, 2025. The basis of allotment was finalized on February 19, 2025, and the company's shares were listed on NSE SME Platform on February 24, 2025.
The company had fixed the price band at ₹160 to ₹168 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹268,800 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. New Berry Capitals Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Tejas Cargo India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Tejas Cargo IPO Timeline (Tentative)
- IPO Open Date
- Fri, 14 Feb 25
- IPO Close Date
- Tue, 18 Feb 25
- Basis of Allotment
- Wed, 19 Feb 25
- Initiation of Refunds
- Thu, 20 Feb 25
- Credit of Shares to Demat
- Thu, 20 Feb 25
- Listing Date
- Mon, 24 Feb 25 — NSE & BSE
Open Date
14 February 2025
Close Date
18 February 2025
Basis Of Allotment
19 February 2025
Listing Date
24 February 2025
IPO Subscription
Check Live Subscription →The Tejas Cargo IPO has received bids for 51,61,600 shares against 41,46,400 shares offered, resulting in an overall subscription of 1.24x. the NII category is subscribed 1.43x, Retail Investors 1.09x, Employees 0x, and QIBs 1.33x.
QIB
1.33x
NII
1.43x
RII
1.09x
EMP
0x
Total
1.24x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,72,800 shares, representing 32.9% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,84,800 shares (18.81%), while Non-Institutional Investors (NIIs) receive 8,88,800 shares (14.11%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,775,200 | 28.18% |
| Market Maker | 315,200 | 5% |
| Qualified Institutions | 1,184,800 | 18.81% |
| Non-Institutional | 888,800 | 14.11% |
| Retail Investors | 2,072,800 | 32.9% |
| Total | 6,300,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Tejas Cargo India Limited KPI Information
| Particular | KPI as of Mar 31, 2025. |
|---|---|
| ROE % | 38.62 |
| ROCE % | 28.3 |
| RoNW % | 23.85 |
| Pat Margin % | 3.13 |
Peers Comparison
No Peer Comparision Available
About Tejas Cargo India Limited
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.
Tejas Cargo IPO Promoters
- Chander Bindal
- Manish Bindal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Tejas Cargo IPO Objective
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;
Tejas Cargo India Limited Address / Contact Details
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
Tejas Cargo IPO Lot Size
The Tejas Cargo IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,34,400 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,34,400.
| 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 |
Issue Reservation
- Anchor Investors — 28.18%
- Market Maker — 5%
- QIB — 18.81%
- NII — 14.11%
- RII — 32.9%
Book Running Lead Managers
- New Berry Capitals Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Tejas Cargo IPO?
Tejas Cargo IPO is a Book-building IPO with a total issue size of ₹105.84 crore. The Tejas Cargo IPO price band is ₹160 to 168 per share. The Tejas Cargo IPO subscription opens on Fri, Feb 14, 2025, and closes on Tue, Feb 18, 2025. The Tejas Cargo IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Tejas Cargo IPO.
When will the Tejas Cargo IPO open for subscription?
The Tejas Cargo IPO opens on Fri, Feb 14, 2025 and closes on Tue, Feb 18, 2025
What is Tejas Cargo IPO Price Band?
Tejas Cargo IPO Price Band is ₹160 to 168 per share.
What is Tejas Cargo IPO Lot Size?
Tejas Cargo IPO lot size is 800 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
What is the minimum investment for Tejas Cargo IPO?
The minimum investment for Tejas Cargo IPO is ₹268800, based on one lot of 800 shares at the upper price band of ₹168 per share.
How to apply for Tejas Cargo IPO?
Investors can apply for the Tejas Cargo IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 18, 2025. The application amount remains blocked until the Tejas Cargo IPO allotment is finalized.
What is Tejas Cargo IPO Issue Size?
Tejas Cargo IPO issue size is ₹105.84 crores.
What is the Tejas Cargo IPO Allotment Date?
Tejas Cargo IPO allotment date is Wed, Feb 19, 2025.
Who is the Tejas Cargo IPO Registrar?
The registrar for Tejas Cargo IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Tejas Cargo IPO allotment status, refund processing, and other IPO-related information.
Who is the Tejas Cargo IPO Lead Manager?
The book-running lead managers (BRLMs) for the Tejas Cargo IPO are New Berry Capitals Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Tejas Cargo IPO Red Herring Prospectus (RHP).