Tejas Cargo India Limited IPO
NSE SMEListed On: Feb 24, 2025 at ₹ 175.0
₹ 268800 /1600 Shares
*Min Investment
14 Feb, 2025
Open Date18 Feb, 2025
Close Date19 Feb, 2025
Allotment Date24 Feb, 2025
Listing DateTejas Cargo India IPO Issue Details
- Issue Price ₹160-168 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 63,00,000 shares(aggregating up to ₹105.84 crore)
- Fresh Share 63,00,000 shares(aggregating up to ₹105.84 crore)
- Listing at NSE SME
- List Price 175.0
- Listing Date 2025-02-24
- Lead Manager New Berry Capitals Private Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,34,400 |
| Retail(max) | 1 | 800 | ₹1,34,400 |
| NII (min) | 2 | 1,600 | ₹2,68,800 |
Tejas Cargo India IPO Reservation
Tejas Cargo India IPO offers total 63,00,000 shares. Out of which 11,84,800 (18.81%) allocated to QIB, 8,88,800 (14.11%) allocated to NII,20,72,800 (32.9%) allocated to RII, NA (NA%) allocated to employees and 17,75,200 (28.18%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 17,75,200 (28.18%) | |
| Market Maker Shares Offered | 3,15,200 (5%) | |
| QIB Shares Offered | 11,84,800 (18.81%) | |
| NII (HNI) Shares Offered | 8,88,800 (14.11%) | |
| Retail Shares Offered | 20,72,800 (32.9%) | |
| Total Shares Offered | 63,00,000 (100%) |
Tejas Cargo India IPO Details
Tejas Cargo India Limited IPO is an SME IPO, priced at ₹160-168 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 63,00,000 equity shares, aggregating up to ₹105.84 crores..
The IPO bidding window is open from Feb 14, 2025 to Feb 18, 2025. The allotment is expected to be finalized on Feb 19, 2025, and the tentative listing date is Feb 24, 2025.
The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,34,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,800.
New Berry Capitals Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and New Berry Capitals Private Limited will act as the market maker for this issue.
Tejas Cargo India IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,84,800 / 8,88,800 | 20,72,800 | 42,09,600 |
Day 1 14-02-25 06:00 PM | 0.35 / 0.03 x | 0.42 x | 0.32 x |
Day 2 17-02-25 06:00 PM | 1.26 / 0.08 x | 0.67 x | 0.71 x |
Day 3 18-02-25 06:00 PM | 1.33 / 1.43 x | 1.09 x | 1.23 x |
Tejas Cargo India Valuations
Tejas Cargo India Company Financials
| 30-Sep-24 | 31-Mar-24 | |
|---|---|---|
| Assets | 294.29 | 236.0 |
| Revenue | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves & Surplus | 46.6 | 55.2 |
| Total Borrowing | 206.28 | N/A |
About Tejas Cargo India Company
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.
The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.
The company operates nationwide through twenty-three branches for placements, loading, and unloading.
Tejas Cargo India - Promoter(s)
Chander Bindal
Manish Bindal
Pre Issue Share Holding : 100%
Post Issue Share Holding : %
Tejas Cargo India IPO - Issue Objectives
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
General Corporate Purposes
Tejas Cargo India IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Tejas Cargo India Limited | N/A | 7.52 | 31.52 | N/A | 23.85 | N/A | Consolidated |
| AVG Logistics Limited | N/A | 26.66 | N/A | 11.64 | 12.65 | N/A | Consolidated |
| Ritco Logistics Ltd | N/A | 13.22 | N/A | 27.33 | 17.8 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on www.nseindia.com on February 04, 2025, divided by the diluted EPS.
- Return on Net Worth (%) = Net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the number of Equity Shares outstanding on March 31, 2024, after considering the impact of capital change during the six-month period ended September 30, 2024, retrospectively.
Contact Details
Tejas Cargo India
3 rd Floor, Tower B, Vatika Mindscape 12/3 , Mathura Road, Sector-27D, NH-2, Faridabad,, 121003
+91-129-4144812
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Tejas Cargo India IPO - FAQs
Ans. Tejas Cargo India Limited IPO is a SME IPO. The issue is priced at ₹160-168 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Feb 14, 2025, and closes on Feb 18, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Tejas Cargo India Limited IPO opens on Feb 14, 2025 and closes on Feb 18, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Tejas Cargo India Limited IPO is 63,00,000 shares(aggregating up to ₹105.84 Cr).
Ans. The Tejas Cargo India Limited IPO price band is set between ₹160-168 per equity share.
Ans. To apply for Tejas Cargo India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Tejas Cargo India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Tejas Cargo India Limited IPO is Feb 19, 2025.
Ans. The Tejas Cargo India Limited IPO will be listed on Feb 24, 2025.
Ans. Follow the steps to check the Tejas Cargo India Limited IPO allotment status online.
