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.
The company has a workforce of 284 employees as of September 30, 2024.
Tejas Cargo IPO – Details
| IPO Opening Date | 14 February 2025 |
| IPO Closing Date | 18 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 63,00,000 Shares Worth ₹105.84 Crore Fresh Issue: 63,00,000 Shares Worth ₹105.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹160 – ₹168 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Tejas Cargo IPO – Date Schedule
| IPO Open Date | 14 February 2025 |
| IPO Close Date | 18 February 2025 |
| Basis of Allotment | 19 February 2025 |
| Initiation of Refund | 20 February 2025 |
| Credit of Shares to Demat Account | 20 February 2025 |
| IPO Listing Date | 21 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2025 |
Tejas Cargo IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1600 | ₹2,68,800 |
Competitive Strengths
- In-House Maintenance and Direct Procurement.
- Leveraging modern technology to operate and monitor its fleet.
- Heavy Asset Ownership Model.
- Diversified client base and revenue sources.
- Experienced and motivated management team.
- Track record of growth and robust financial position.
Company Promoters
- Chander Bindal
- Manish Bindal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | 422.59 | 405.19 | 13.22 | |
| 30 September 2024 | 255.09 | 43.40 | 8.74 | 206.28 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 38.62% |
| ROCE | 28.30% |
| RoNW | 23.85% |
| PAT Margin | 3.13 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Tejas Cargo IPO Prospectus
Company Contact Information
| Tejas Cargo India Limited 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/ |
Tejas Cargo IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Tejas Cargo IPO Lead Manager(s)
| 1. New Berry Capitals Private Limited |
Tejas Cargo IPO FAQs
| What is Tejas Cargo IPO? Tejas Cargo IPO is a SME IPO. The issue is priced at ₹160 to ₹168 per equity share. The IPO is to be listed on NSE SME. |
| When Tejas Cargo IPO will open? The IPO is to open on 14 February 2025 for QIB, NII, and Retail Investors. |
| What is Tejas Cargo IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Tejas Cargo IPO? You can apply Tejas Cargo IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Tejas Cargo IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Tejas Cargo IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Tejas Cargo IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Tejas Cargo IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Tejas Cargo IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Tejas Cargo IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Tejas Cargo IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Tejas Cargo IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Tejas Cargo IPO Size? Tejas Cargo IPO size is ₹[] Crore. |
| What is the Tejas Cargo IPO Price Band? Tejas Cargo IPO Price Band is ₹160 to ₹168. |
| What is Tejas Cargo IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,34,400 amount while the maximum bid is 800 Shares with ₹1,34,400. |
| What is the Tejas Cargo IPO Allotment Date? Tejas Cargo IPO allotment date is 19 February 2025. |
| What is the Tejas Cargo IPO Listing Date? Tejas Cargo IPO listing date is 21 February 2025. The IPO is to be listed on NSE SME. |
