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Tejas Cargo India Ltd

Tejas Cargo India Ltd IPO opened on 14 Feb 2025 and closed on 18 Feb 2025, with a price band of ₹160–₹168 per share. The IPO had a lot size of 400 shares, requiring a minimum investment of ₹1,34,400 per lot at the upper price band. The issue size was ₹105.84 crore, and the shares get listed on 24 Feb 2025.

Tejas Cargo India Ltd IPO Details

Listing Date

24 Feb 2025

Bid Price

₹160 - ₹168

Lot Size

400 Shares

Minimum Investment

₹1,34,400 / 2 Lots

Issue Size

₹105.84 Cr

Key Dates to Track

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

14th Feb

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Offer End Date

18th Feb

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Allotment Date

20th Feb

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Refund Initiation

20th Feb

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Demat Transfer

21st Feb

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Listing Date

24th Feb

About Tejas Cargo India Ltd IPO

Tejas Cargo India Limited, established in March 2021, is a rapidly growing logistics company based in Faridabad, Haryana. The company specializes in supply chain transportation services by road, ensuring seamless movement of goods across India. With a strong focus on Full Truck Load (FTL) services, Tejas Cargo India caters to a broad range of industries, including logistics, steel, e-commerce, FMCG, and white goods. Its extensive operational reach and commitment to efficiency have positioned it as a key player in the Indian logistics sector.

 

The company operates a well-maintained and expanding fleet to support its nationwide logistics services. As of October 31, 2024, Tejas Cargo India manages a fleet of 1,131 vehicles, comprising 913 container trucks and 218 trailers, each designed for optimized load capacity ranging from 32 to 40 feet with up to 42 tonnes of carrying strength. By leveraging in-house maintenance and direct procurement strategies, the company ensures cost-effective fleet management, maximizing operational efficiency.

Tejas Cargo India Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 100% 73.63%
Public Group 0% 26.37%

Tejas Cargo India Ltd IPO Reservation

QIB Shares Offered 11,84,320 (18.8%)
NII (HNI) Shares Offered 8,88,240 (14.1%)
Retail Shares Offered 20,72,560 (32.9%)
Anchor Investor Shares Offered 17,76,480 (28.2%)
Total Shares Offered 63,00,000
Total Shares With Anchor Investor 63,00,000

Tejas Cargo India Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 800 ₹1,34,400
Retail (Max) 2 800 ₹1,34,400
S HNI (Min) 3 1,200 ₹2,01,600
S HNI (Max) 14 5,600 ₹9,40,800
B HNI (MIN) 15 6,000 ₹10,08,000

Tejas Cargo India Ltd IPO Anchor Portion Size

Bid Date February 13, 2025

Tejas Cargo India Ltd IPO registrar

Bigshare Services Pvt Ltd
Phone Number +91-22-62638200
Email Id investor@bigshareonline.com
Website www.bigshareonline.com

Tejas Cargo India Ltd IPO Lead Manager

1. New Berry Capitals Pvt Ltd

Tejas Cargo India Ltd Financial Information

March 31, 2025 March 31, 2024 March 31,
Net Worth ₹173.23 Cr ₹55.45 Cr ₹ Cr
Reserves and Surplus ₹149.34 Cr ₹55.2 Cr ₹ Cr
Total Borrowing ₹159.2 Cr ₹161.36 Cr ₹ Cr

Tejas Cargo India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 11,84,320 15,78,400 1.3328
Non Institutional Investors (NIIs) 8,88,240 12,68,000 1.4275
Retail Individual Investors (RIIs) 20,72,560 22,68,800 1.0947
Total 45,24,800 51,61,600 1.1407

Strength of Tejas Cargo India Ltd

  • Heavy Asset Ownership Model.
  • Leveraging modern technology to operate and monitor our fleet.
  • In-House Maintenance and Direct Procurement.
  • Diversified client base and revenue sources.
  • Track record of growth and robust financial position.
  • Experienced and motivated management team.

Risks Involved

  • There are outstanding legal proceedings against the Company, Promoter, and one of its Director. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
  • Its business is dependent on the network of roads and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions which affect its ability to utilize the company transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
  • The Company operates without any truck drivers on its payroll and outsources drivers on an adhoc basis. The company inability to source skilled and experienced drivers may adversely impact its business, results of operations and financial results.
  • The company depends significantly on its customers from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect the company business and profitability.
  • There have been instances of discrepancies/ errors/delayed filings and statutory non compliances in the past. The company may be subject to legal proceedings or regulatory actions by statutory authorities and its business, financial condition and reputation may be adversely affected.
  • Brand recognition is important to the success of its business, and the company inability to build and maintain its brand names will harm the company business, financial condition and results of operation.
  • The company requires a number of approvals, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be transferred in the name of Tejas Cargo India Limited from Tejas Cargo India Private Limited pursuant to name change of the Company and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.
  • The Company is yet to apply for Professional Tax Registration for some branch offices. Failures to obtain such registrations may adversely impact its business, financial conditions, results of operations, and cash flows.
  • As of September 30, 2024, its debt-to-equity ratio is significantly high at 3.27. We have availed a substantial debt amounting to Rs. 20,498.63 lakhs, primarily for investments in fixed assets such as commercial vehicles. Any inability to service this debt or adhere to the covenants stipulated in its financing agreements could materially and adversely impact the company business operations, financial condition, and overall performance".
  • The company business is dependent on technology which is outsourced by the Company and any disruptions of or failures to update such technology or automation could have an adverse effect on its results and operations.
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Industry Outlook

  • Rapid Growth: The Indian logistics sector, valued at $250 billion, is growing at a CAGR of 10-12%.
  • Government Support: Initiatives like Gati Shakti and the National Logistics Policy (NLP) are boosting infrastructure and efficiency.
  • E-commerce Boom: Increasing online shopping is driving demand for fast and reliable logistics services.
  • Technology Adoption: Digital freight tracking, automation, and GST implementation have streamlined operations.
  • Expanding Road Network: Investments in highway and transportation infrastructure are improving logistics efficiency.
  • Tejas Cargo’s Advantage: With an expanding fleet and tech-driven operations, the company is well-positioned to benefit from industry trends.

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Frequently Asked Questions

What is Tejas Cargo India Ltd IPO?

Answer Field

Tejas Cargo India Ltd IPO is a SME IPO of 63,00,000 equity shares of a face value of ₹10 aggregating up to ₹105.84 Crores. The issue is priced at ₹160 to ₹168 per share. The minimum order quantity is 400 Shares. The IPO opens on February 14, 2025, and closes on February 18, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Tejas Cargo India Ltd IPO will open?

Answer Field

The Tejas Cargo India Ltd IPO opens on February 14, 2025 and closes on February 18, 2025.

What is the lot size of Tejas Cargo India Ltd?

Answer Field

Tejas Cargo India Ltd lot size is 400 shares, and the minimum amount required is ₹1,34,400.

How to apply for Tejas Cargo India Ltd IPO?

Answer Field

You can apply in Tejas Cargo India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Tejas Cargo India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Tejas Cargo India Ltd IPO will be done on February 20, 2025, and the allotted shares will be credited to your demat account by February 21, 2025.

When is Tejas Cargo India Ltd IPO listing date?

Answer Field

The Tejas Cargo India Ltd listing date is February 24, 2025.

Who is the registrar of Tejas Cargo India Ltd IPO?

Answer Field

The registrar of Tejas Cargo India Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

New Berry Capitals Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Tejas Cargo India Ltd IPO?

Answer Field

The fresh issue size is ₹105.84 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Tejas Cargo India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 400 shares and ₹1,34,400 amount.

How can I approve the UPI mandate request for Tejas Cargo India Ltd IPO?

Answer Field

To apply for Tejas Cargo India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Tejas Cargo India Ltd?

Answer Field

The price of each Tejas Cargo India Ltd share will be ranging in between ₹160 to ₹168 per share.

What is the cut-off time for the UPI mandate for Tejas Cargo India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 18, 2025.

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