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Tejas Cargo IPO is a book build issue of ₹105.84 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹105.84 crore.
Tejas Cargo IPO bidding started from Feb 14, 2025 and ended on Feb 18, 2025. The allotment for Tejas Cargo IPO was finalized on Feb 19, 2025. The shares got listed on NSE SME on Feb 24, 2025.
Tejas Cargo IPO price band is set at ₹168.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,34,400 (800 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,68,800.
New Berry Capitals Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is New Berry Capitals Pvt.Ltd..
Refer to Tejas Cargo IPO RHP for detailed Information.
| IPO Date | February 14, 2025 to February 18, 2025 |
| Listing Date | February 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹168 per share |
| Issue Price Final | ₹168 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Reserved for Market Maker | 3,15,200 shares New Berry Capitals Pvt.Ltd. (aggregating up to ₹5.30 Cr) |
| Net Offered to Public | 59,84,800 shares (aggregating up to ₹100.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,92,840 shares |
| Share Holding Post Issue | 2,38,92,840 shares |
Tejas Cargo IPO offers total 63,00,000 shares. Out of which 29,60,000 (46.98%) allocated to QIB, 11,84,800 (18.81%) allocated to QIB (Ex- Anchor), 8,88,800 (14.11%) allocated to NII, 20,72,800 (32.90%) allocated to RII and 17,75,200 (28.18%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,15,200 (5.00%) |
| QIB Shares Offered | 29,60,000 (46.98%) |
| − Anchor Investor Shares Offered | 17,75,200 (28.18%) |
| − QIB (Ex. Anchor) Shares Offered | 11,84,800 (18.81%) |
| NII (HNI) Shares Offered | 8,88,800 (14.11%) |
| Retail Shares Offered | 20,72,800 (32.90%) |
| Employee Shares Offered | 63,200 (1.00%) |
| Total Shares Offered | 63,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Tejas Cargo IPO raises ₹29.82 crore from anchor investors. Tejas Cargo IPO Anchor bid date is February 13, 2025. Tejas Cargo IPO Anchor Investors list
| Bid Date | February 13, 2025 |
| Shares Offered | 17,75,200 |
| Anchor Portion Size (In Cr.) | 29.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 21, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 20, 2025 |
Tejas Cargo IPO opens on February 14, 2025, and closes on February 18, 2025.
| IPO Open Date | Fri, Feb 14, 2025 |
| IPO Close Date | Tue, Feb 18, 2025 |
| Tentative Allotment | Wed, Feb 19, 2025 |
| Initiation of Refunds | Thu, Feb 20, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Mon, Feb 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 18, 2025 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1,600 | ₹2,68,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2021, 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.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
| Assets | 294.29 | 236 |
| Total Income | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves and Surplus | 46.6 | 55.2 |
| Total Borrowing | 206.28 | |
| Amount in ₹ Crore | ||
The market capitalization of Tejas Cargo IPO is ₹401.40 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 38.62% |
| ROCE | 28.30% |
| RoNW | 23.85% |
| PAT Margin | 3.13% |
| Price to Book Value | 0.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.52 | 7.32 |
| P/E (x) | 22.35 | 22.95 |
The company intend to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] TCIL is engaged in providing 3PL logistics as well as FTL Services. It is operating in a highly competitive and fragmented segment. The company marked growth in its top lines for the reported periods. The boost in bottom lines from FY23 onwards raises eyebrows. Based on recent financial performance, the issue appears aggressively priced. There is no harm in skipping this pricey bet that can be termed as “High Risk/Low Return” offer. Read detail review...
| Restated Standalone | Restated Standalone | |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 116.42 | 63.57 |
| Revenue | 384.37 | 209.67 |
| Profit After Tax | 9.86 | 3.16 |
| Net Worth | 13.02 | 2.94 |
| Reserves and Surplus | 13.01 | 3.16 |
| Listing Date | February 24, 2025 |
| BSE Script Code | |
| NSE Symbol | TEJASCARGO |
| ISIN | INE17WC01013 |
| Final Issue Price | ₹168 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹168.00 |
| Open | ₹175.00 |
| Low | ₹168.00 |
| High | ₹175.00 |
| Last Trade | ₹168.00 |
Tejas Cargo India Ltd.
3 rd Floor, Tower B
Vatika Mindscape 12/3 , Mathura Road, Sector-27D,
NH-2,
Faridabad, Haryana, 121003
Phone: +91-129-4144812
Email: compliance.officer@tcipl.in
Website: https://www.tcipl.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tejas Cargo IPO is a SME IPO of 63,00,000 equity shares of the face value of ₹10 aggregating up to ₹105.84 Crores. The issue is priced at ₹168 per share. The minimum order quantity is 800.
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.
Zerodha customers can apply online in Tejas Cargo IPO using UPI as a payment gateway. Zerodha customers can apply in Tejas Cargo IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tejas Cargo IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tejas Cargo IPO opens on February 14, 2025 and closes on February 18, 2025.
Tejas Cargo IPO lot size is 800, and the minimum amount required for application is ₹1,34,400.
You can apply in Tejas Cargo IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tejas Cargo IPO will be done on Wednesday, February 19, 2025, and the allotted shares will be credited to your demat account by Thursday, February 20, 2025. Check the Tejas Cargo IPO allotment status.
The Tejas Cargo IPO listing date is on Monday, February 24, 2025.
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