Tejas Cargo IPO Details
The Tejas Cargo IPO is a book build issue with a total issue size of ₹105.84 cr, comprising of fresh issue of 6300000 equity shares. Tejas Cargo IPO opened for subscription on Feb 14, 2025 and closed on Feb 18, 2025. Tejas Cargo IPO is set price band at ₹160 to ₹168 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹268,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 19, 2025, and listed on the NSE on Feb 24, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. New Berry Capitals Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Tejas Cargo IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 160 – 168
- Lot Size
- 800
- Issue Size
- ₹105.84 Cr
- Minimum Investment
- ₹268800 (1600 Shares)
- Listing Date
- 24 February 2025
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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;
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
Book Running Lead Managers
- New Berry Capitals Private Limited
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 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.
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 per share.
Tejas Cargo IPO lot size is 800 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
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.
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.
Tejas Cargo IPO issue size is ₹105.84 crores.
Tejas Cargo IPO allotment date is Wed, Jul 1, 2026.
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.