Tejas Cargo India Limited IPO

NSE SME Allotment Out

Offer Date: Feb 14, 2025 - Feb 18, 2025

₹ 134400 /800 Shares

Check Allotment

Tejas Cargo India IPO Details

14 Feb, 2025

Open Date

18 Feb, 2025

Close Date

19 Feb, 2025

Allotment Date

24 Feb, 2025

Listing Date

Issue Price

₹160-168 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

Market Lot

800 Shares (₹134,400/-)

Lead Manager

New Berry Capitals Private Limited

Issue Size

63,00,000 shares(aggregating up to ₹105.84 Cr)

Retail Portion

35%

Subscription

1.23 times

IPO Docs

DRHP RHP

The IPO of Tejas Cargo India is priced at ₹160-168 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Tejas Cargo India IPO bid opening date is from Feb 14, 2025 and the bid closing date was Feb 18, 2025.
Tejas Cargo India IPO allotment result will be available on Feb 19, 2025. The tentative listing date for Tejas Cargo India is Feb 24, 2025.

The total issue size is 63,00,000 shares(aggregating up to ₹105.84 Cr).

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

Total No. of Applications: 2,906 (Approx)

Tejas Cargo India Valuations

EPS Pre IPO

₹7.52/-

EPS Post IPO

₹7.32/-

P/E Pre IPO

22.35

P/E Post IPO

22.95

ROE

38.62%

ROCE

28.30%

Debt/Equity

RoNW

23.85%

PAT Margin

3.13

Price to Book Value

0.07

Tejas Cargo India Company Financials All values are in ₹ Cr.

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
Assets	294.29	236.0	N/A	N/A
Revenue	255.09	422.59	N/A	N/A
Profit After Tax	8.75	13.22	N/A	N/A
Net Worth	63.16	55.45	N/A	N/A
Reserves & Surplus	46.6	55.2	N/A	N/A
Total Borrowing	206.28	N/A	N/A	N/A

About The 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)

Pre Issue Share Holding: 100%

Post Issue Share Holding: %

Company Promoter(s)

Chander Bindal
Manish Bindal

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

Other Details

Company Contact Details

Tejas Cargo India

3 rd Floor, Tower B, Vatika Mindscape 12/3 , Mathura Road, Sector-27D, NH-2, Faridabad,, 121003

Phone: +91-129-4144812

Email: compliance.officer@tcipl.in

Website: https://www.tcipl.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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. The size of Tejas Cargo India Limited IPO is 63,00,000 shares(aggregating up to ₹105.84 Cr).

Ans. The IPO price band is set between ₹160-168 per equity share.

Ans. To apply for Tejas Cargo India Limited IPO 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 allotment status for Tejas Cargo India Limited IPO here.