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Tejas Cargo India Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.168.00
Issue Size:
Rs.105.84 Cr
Lot Size:
800 shares
Open Date:
February 14
Tejas Cargo India Limited IPO Overview
Bidding Dates
February 14 - February 18
Min Investment
₹134,400
Price Range
₹168.00
Issue Size
₹105.84 Cr
IPO DRHP Doc
Company Overview
Tejas Cargo India Limited, incorporated in March 2021, is a logistics company based in Faridabad, Haryana, providing supply chain transportation services by road across India. The company offers express road transportation under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods. As of October 30, 2024, Tejas Cargo operates a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers, with an average age of 3.4 and 0.7 years, respectively. The company has completed over 58,943 trips during Fiscal 2024 and operates through twenty-three branches nationwide, employing 284 staff as of September 30, 2024.
IPO Timeline
Opens
Feb 14
Closes
Feb 18
Allotment
Feb 19
Refunds
Feb 20
Shares Credit
Feb 20
Listing
Feb 24
Opens
Feb 14
Closes
Feb 18
Allotment
Feb 19
Refunds
Feb 20
Shares Credit
Feb 20
Listing
Feb 24
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 1.33x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 1.07x | Oversubscribed |
| RII (Retail Individual Investors) | 1.09x | Oversubscribed |
| Total Subscription | 1.15x | Oversubscribed |
Last updated: Feb 18, 2025, 06:21 PM
Current GMP:
No Premium
Est. Listing:
Rs.168
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 |
|---|---|---|
| Assets | ₹236 Cr | ₹236 Cr |
| Net Worth | ₹55.45 Cr | ₹55.45 Cr |
| Profit After Tax | ₹13.22 Cr | ₹13.22 Cr |
| Reserves and Surplus | ₹55.2 Cr | ₹55.2 Cr |
| Revenue | ₹422.59 Cr | ₹422.59 Cr |
| Total Borrowing | ₹206.28 Cr | ₹206.28 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Heavy asset ownership model ensures control over fleet and operations.
- Leveraging modern technology to track and optimize logistics operations.
- In-house maintenance facilities reduce breakdowns and improve fleet uptime.
- Diversified client base and revenue sources enhance business resilience.
- Proven track record of growth with strong financial position.
- Experienced and motivated management team drives operational efficiency.
- Expansion into warehousing improves supply chain efficiency and scalability.
IPO Details
Tejas Cargo IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| IPO Date | February 14, 2025 to February 18, 2025 |
| Issue Price | ₹168 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | February 24, 2025 |
| Lot Size | 800 Shares |
| Share Holding Post Issue | 2,38,92,840 shares |
| Share Holding Pre Issue | 1,75,92,840 shares |
| Total Issue Size | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
Tejas Cargo IPO Reservation
Share Reservation Distribution
Retail
2,072,800 shares (32.9%)
Anchor Investors
1,775,200 shares (28.18%)
QIB
1,184,800 shares (18.81%)
HNI (NII)
888,800 shares (14.11%)
Market Maker
315,200 shares (5%)
Tejas Cargo IPO Promoter Holding
| Share Holding Post Issue | |
| Share Holding Pre Issue | 100% |
Tejas Cargo IPO Listing Details
| ₹168 per share |
| February 24, 2025 |
| INE17WC01013 |
| TEJASCARGO |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹168.00 |
| High | ₹175.00 |
| Last Trade | ₹168.00 |
| Low | ₹168.00 |
| Open | ₹175.00 |
Key Dates
Open Date:February 14
Close Date:February 18
Listing Date:February 24
