Tejas Cargo IPO is scheduled to open on February 14, 2025, and will close on February 18, 2025. The ₹105.84 crore IPO comprises a fresh issue of 63 lakh shares, with a price band set at ₹160-₹168 per share. Investors can bid in a minimum lot size of 800 shares, requiring a retail investment of ₹1,28,000.
The IPO allotment is expected on February 19, 2025, with a listing on NSE SME on February 24, 2025. With ₹422.59 crore revenue and ₹13.22 crore profit in FY 2024, the IPO presents a long-term investment opportunity. The IPO has a 35% retail quota, 50% for QIBs, and 15% for HNIs.
Overview of Contents
Tejas Cargo IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | February 14, 2025 |
| IPO Closing Date | February 18, 2025 |
| Face Value per Share | ₹10 |
| Price Band | ₹160 to ₹168 per share |
| Total Issue Size | ₹105.84 Crores (63,00,000 shares) |
| Fresh Issue | ₹105.84 Crores (63,00,000 shares) |
| Issue Type | Book Built Issue |
| IPO Listing Exchange | NSE SME |
| Retail Investor Quota | Not more than 35% |
| QIB (Qualified Institutional Buyers) Quota | Not more than 50% |
| NII (Non-Institutional Investors) Quota | Not more than 15% |
| Market Maker Portion | 3,15,200 shares |
| Lot Size | 800 Shares |
| Minimum Investment (Retail) | ₹1,28,000 |
| Minimum Investment (HNI - 2 Lots) | ₹2,68,800 |
| Pre-Issue Shareholding | 1,75,92,840 shares |
| Post-Issue Shareholding | 2,38,92,840 shares |
| DRHP | Click here |
| RHP | Click here |
Tejas Cargo IPO Market Lot Size
| Investor Category | Minimum Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail - Single Lot | 1 | 800 | ₹1,34,400 |
| Retail - Maximum Lot | 1 | 800 | ₹1,34,400 |
| Small HNI (S-HNI) | 2 | 1,600 | ₹2,68,800 |
Tejas Cargo IPO Dates
| Event | Date |
|---|---|
| Opening for Subscription | February 14, 2025 |
| Closing for Subscription | February 18, 2025 |
| Allotment Finalization | February 19, 2025 |
| Refund Initiation | February 20, 2025 |
| Demat Account Credit | February 20, 2025 |
| Expected Listing Date | February 21, 2025 |
About Tejas Cargo IPO
Tejas Cargo India Limited, established in March 2021 and based in Faridabad, Haryana, is a logistics company specializing in nationwide supply chain transportation services. It primarily operates Full Truck Load (FTL) express road transport for industries like logistics, steel, e-commerce, FMCG, and white goods.
As of October 2024, the company manages a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers, ensuring efficient cargo movement. With 23 operational branches and a dedicated workforce of 284 employees, Tejas Cargo leverages advanced technology and an in-house maintenance model to enhance efficiency. Its diversified client base, experienced management, and strong financials position it as a growing player in the logistics sector.
Tejas Cargo IPO Promoter Holding
Tejas Cargo India Limited is promoted by Chander Bindal and Manish Bindal. The company’s IPO will result in changes to its shareholding structure.
| Shareholding Status | Percentage |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | [To be updated] |
Tejas Cargo IPO Category-Wise Bidding Limits
| Investor Category | Maximum Investment Amount | Cut-off Price Bidding Allowed |
|---|---|---|
| Retail Investors (RII) | Up to ₹2 Lakhs | Yes |
| Non-Institutional Investors (NII) | Above ₹2 Lakhs | No |
| Employees | Up to ₹2 Lakhs (May get a discount) | Yes |
| Employees + RII/NII | Employee: Up to ₹2 Lakhs | |
| RII: Up to ₹2 Lakhs | ||
| NII: Above ₹2 Lakhs | Yes for Employees & RII, No for NII |
Tejas Cargo India IPO Financial Performance
Tejas Cargo India Limited has shown steady financial growth, with an increase in assets and net worth over time. The company’s revenue and profitability demonstrate its expanding operations and market presence.
| Financial Metrics | As of Sep 30, 2024 (₹ Cr) | As of Mar 31, 2024 (₹ Cr) |
|---|---|---|
| Total Assets | 294.29 | 236.00 |
| Revenue | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves & Surplus | 46.60 | 55.20 |
| Total Borrowings | 206.28 | - |
Tejas Cargo IPO Valuation – FY2024
Tejas Cargo India Limited’s financial indicators highlight its operational efficiency and profitability. With a strong Return on Equity (ROE) and stable EBITDA margins, the company demonstrates solid financial health.
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Net Worth (RoNW) | 23.85% |
| Earnings Per Share (EPS) | ₹7.52 (Basic) |
| Return on Equity (ROE) | 38.62% |
| Price/Earning (P/E) Ratio | N/A |
| Net Asset Value (NAV) | ₹2,269.21 |
| EBITDA Margin | 16.46% |
| PAT Margin | 3.13% |
| Debt to Equity Ratio | 2.91 |
| Return on Capital Employed (ROCE) | 28.30% |
Objects 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;
Peer Group Comparison
| Company Name | Total Income | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
|---|---|---|---|---|---|
| AVG Logistics Limited | ₹479.89 Cr. | 26.66 | 11.64 | 12.65 | 136.3 |
| RITCO Logistics Limited | ₹933.30 Cr. | 13.22 | 27.33 | 17.80 | 73.98 |
Tejas Cargo IPO Review
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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
IPO Lead Managers aka Merchant Bankers
- New Berry Capitals Private Limited
Company Address
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 FAQs
What is the Tejas Cargo IPO Open and Close Date?
The IPO opens on February 14, 2025, and closes on February 18, 2025.
What is the IPO Price Band?
The price band is set between ₹160 to ₹168 per share.
What is the Lot Size for Tejas Cargo IPO?
Investors can apply in lots of 800 shares.
Where will the Tejas Cargo IPO be listed?
The IPO will be listed on the NSE SME platform.
What is the total issue size of the IPO?
The issue size is approximately ₹105.84 crores.
Who are the promoters of Tejas Cargo India Limited?
The promoters are Chander Bindal and Manish Bindal.
What is the minimum and maximum investment for retail investors?
Retail investors must invest a minimum of ₹1,34,400 (1 lot of 800 shares).
When will the allotment for Tejas Cargo IPO be finalized?
The basis of allotment is expected to be finalized on February 19, 2025.
What is the expected listing date of Tejas Cargo IPO?
The IPO is expected to be listed on February 21, 2025.
