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Tejas Cargo IPO vs Voler Car IPO

Comparison between Tejas Cargo IPO and Voler Car IPO.

IPO Details

Tejas Cargo IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Voler Car IPO is a SME Bookbuilding proposed to list at NSE SME.

 Tejas Cargo IPOVoler Car IPO
LogoTejas Cargo IPO LogoVoler Car IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNew Berry Capitals Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNew Berry Capitals Pvt.Ltd.Wiinance Financial Services Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Tejas Cargo IPO is up to ₹100.54 Cr whereas the issue size of the Voler Car IPO is up to ₹25.08 Cr. The final issue price of Tejas Cargo IPO is ₹168.00 per share and of Voler Car IPO is ₹90.00 per share.

 Tejas Cargo IPOVoler Car IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹160.00 per share₹85.00 per share
Issue Price (Upper)₹168.00 per share₹90.00 per share
Issue Price (Final)₹168.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size800 shares1600 shares
Fresh Issue Size59,84,800 shares27,87,200 shares
Fresh Issue Size (Amount)up to ₹100.54 Crup to ₹25.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total59,84,800 shares27,87,200 shares
Issue Size Total (Amount)up to ₹100.54 Crup to ₹25.08 Cr

IPO Timetable

Tejas Cargo IPO opens on Feb 14, 2025, while Voler Car IPO opens on Feb 12, 2025. The closing date of Tejas Cargo IPO and Voler Car IPO is Feb 18, 2025, and Feb 14, 2025, respectively.

 Tejas Cargo IPOVoler Car IPO
Anchor Bid DateFeb 13, 2025Feb 11, 2025
Issue OpenFeb 14, 2025Feb 12, 2025
Issue CloseFeb 18, 2025Feb 14, 2025
Basis Of Allotment (Tentative)Feb 19, 2025Feb 17, 2025
Initiation of Refunds (Tentative)Feb 20, 2025Feb 18, 2025
Credit of Share (Tentative)Feb 20, 2025Feb 18, 2025
Listing date (Tentative)Feb 24, 2025Feb 19, 2025
Anchor Lockin End date 1Mar 21, 2025Mar 18, 2025
Anchor Lockin End date 2May 20, 2025May 17, 2025

Financials & KPIs

Tejas Cargo IPO P/E ratio is 22.35, as compared to Voler Car IPO P/E ratio of 20.57.

 Tejas Cargo IPOVoler Car IPO
Financials

Tejas Cargo India Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 2024
Assets294.29236
Total Income255.09422.59
Profit After Tax8.7513.22
Net Worth63.1655.45
Reserves and Surplus46.655.2
Total Borrowing206.28
Amount in ₹ Crore

Voler Car Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets18.3310.9911.912.13
Total Income21.5831.4526.6324.83
Profit After Tax2.493.561.990.79
Net Worth10.933.21-0.35-2.34
Reserves and Surplus2.783.06-0.5-2.49
Total Borrowing0.391.193.85.55
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10092.88
Promoter Shareholding (Post-Issue)73.6367.86
P/E Ratio22.3520.57
Market Cap₹401.40 Cr.₹100.29 Cr.
ROE38.62%249.01%
ROCE28.30%123.06%
Debt/Equity0.37
EPS₹7.52₹4.38
RoNW23.85%110.91%

Shares Offered

In the Tejas Cargo IPO Retail Individual Investors (RII) are offered 20,72,800 shares while in Voler Car IPO retail investors are offered 20,72,800 shares. Qualified Institutional Buyers (QIB) are offered 11,84,800 shares in Tejas Cargo IPO and 5,56,800 shares in Voler Car IPO.

 Tejas Cargo IPOVoler Car IPO
Anchor Investor Reserveration17,75,200 shares8,33,600 shares
Market Maker Reserveration3,15,200 shares2,12,800 shares
QIB11,84,800 shares5,56,800 shares
NII8,88,800 shares4,19,200 shares
RII20,72,800 shares9,77,600 shares
Employee63,200 shares0 shares
Others
Total59,84,800 shares27,87,200 shares

Bids Received (Subscription)

Tejas Cargo IPO subscribed 1.15x in total, whereas Voler Car IPO subscribed 13.62x.

 Tejas Cargo IPOVoler Car IPO
QIB (times)1.33x9.34x
NII (times)1.07x18.56x
Big NII (times)
Small NII (times)
RII (times)1.09x13.94x
Employee (times)
Other (times)
Total (times)1.15x13.62x