Tejas Cargo IPO Details
The key details of Tejas Cargo India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹105.84 Cr |
| Price Range | ₹160 - ₹168 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 800 |
| Investment (cut-off price) | ₹1,34,400 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Tejas Cargo IPO Timelines
The IPO process for Tejas Cargo India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
14/02/2025
Start Date18/02/2025
End Date20/02/2025
Refund Initiation20/02/2025
Credit of Shares to Demat Ac24/02/2025
Listing DateTejas Cargo IPO Lot Size
The Tejas Cargo India IPO has a fixed lot size of 800 shares, at an upper price band of ₹168 per share, requiring ₹134,400 per lot for retail investors. For HNI investors, the minimum application is 1,600 shares (2 lots) amounting to ₹268,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,34,400 |
| Retail Maximum | 1 | 800 | ₹1,34,400 |
| HNI Minimum | 2 | 1600 | ₹2,68,800 |
Tejas Cargo IPO Subscription Status
The subscription status for Tejas Cargo India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.33x | 1.07x | 1.09x | -- | 1.15x |
IPO Performance on Listing Day
On the listing day (February 24, 2025), Tejas Cargo made a modest debut on the stock exchange. The stock opened at ₹175, recording a premium of 4.2% over its issue price of ₹168. During the trading session, after touching its day’s high at the opening price, the stock gradually retreated to its issue price level. The shares ended their first trading day at ₹168, closing flat at the issue price, suggesting a balanced market response to this logistics service provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹175.00 | ₹168.00 | ₹175.00 | ₹168.00 |
Tejas Cargo IPO Company Financials
Tejas Cargo India reports robust performance in FY2024 with Total Income of ₹422.59 crores, managing expenses at ₹405.20 crores, and achieving a strong PAT (Profit After Tax) of ₹13.22 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹209.6 | ₹205.45 | ₹3.16 |
| FY 2023 | ₹384.37 | ₹370.85 | ₹9.86 |
| FY 2024 | ₹422.59 | ₹405.20 | ₹13.22 |
| FY 2025 (6 M) | ₹255.09 | ₹43.41 | ₹8.75 |
About Company
Tejas Cargo India Limited, founded in March 2021 and based in Faridabad, Haryana, is a logistics company specializing in supply chain transportation services by road across India. The company offers Full Truck Load (FTL) express road transportation for various industries, including logistics, steel, e-commerce, FMCG, and white goods. As of October 2024, Tejas Cargo operates a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers, with an average age of 3.4 years for trucks and 0.7 years for trailers. These vehicles range from 32 to 40 feet in length and can carry loads of up to 42 tonnes.
The company has made significant progress in its operations, completing over 58,943 trips as of September 2024 and 98,913 trips during Fiscal 2024. Tejas Cargo runs its operations nationwide through 23 branches, which handle placements, loading, and unloading activities. As of September 30, 2024, the company employs a workforce of 284 individuals. The logistics company is rapidly growing, offering efficient transportation solutions across the country.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Logistics | Chander Bindal |
Know Before Investing
Tejas Cargo IPO Strengths
- As a logistics company, Tejas Cargo stands to benefit from infrastructure development in India, which is expected to drive growth in the logistics industry.
- The company has in-house maintenance capabilities and directly procures spares and tires, helping to lower costs and maintain competitive rates.
- Tejas Cargo uses modern technology to operate and monitor its fleet, which provides an edge in gaining advantages in its services. These technologies include Centralized Locking, GPS & SIM based Tracking, Route Alerts, and ADAS+DSM with AI Rear Anti-Theft Camera.
- The company owns and operates its vehicles, providing complete control over operations and helping to lower operating and maintenance costs.
- Tejas Cargo has a diversified client base and revenue sources across various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
- As of September 30, 2024, the workforce consisted of 284 employees. Employees are responsible for providing drivers to meet the needs of their customers, ensuring fast and reliable support for their logistics operations.
- The company has been providing supply chain transportation services by road throughout India since 2021.
Tejas Cargo IPO Risks
- Investments in equity and equity-related securities involve a degree of risk, and investors could lose their entire investment.
- Road transportation is susceptible to disruptions caused by weather, strikes, and other unforeseen events, which could affect the company’s operations.
- The company’s relationships with customers is subject to an event that could ruin the relationship.
- The company can be susceptible to economic downturn and other events that can affect the economy.
- Loss of key people from the company can impact the operational performance.
- Company depends on skilled people to assist in the process.
- Regulatory requirements and changes may have an affect on the ability to create profit and operate the company effectively.
- Electrical equipment manufacturing can be cyclical, affecting the company’s revenue during economic downturns.
Swot Analysis for Tejas Cargo IPO
Strengths
Technology-driven, Customer-centric approach, Established network, Diversified service offerings
Weaknesses
Dependent on infrastructure, Limited brand recognition, Financial vulnerability
Opportunities
E-commerce growth, Infrastructure development, Market expansion, Growing logistics demand
Threats
Intense competition, Fluctuating fuel prices, Regulatory changes, Economic downturn impacts
Company Details
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: [email protected]
Website: https://www.tcipl.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Tejas Cargo IPO are:
- 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;
New Berry Capitals Private Limited is the book-running lead managers for the Tejas Cargo IPO.
Tejas Cargo IPO presents growth potential due to the increasing demand for logistics and freight services. With a strong network and expanding market, its success depends on operational efficiency, scalability, and the ability to manage competition in the sector.
The issue price for the Tejas Cargo IPO is set between ₹160 and ₹168 per share.
To invest in one lot of Tejas Cargo IPO, you need ₹1,28,000 at the lower price band (₹160 per share) or ₹1,34,400 at the upper price band (₹168 per share) for a lot size of 800 shares.
Tejas Cargo IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on February 24, 2025.
Refund/unblocking of funds for Tejas Cargo IPO will begin on February 20, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Tejas Cargo IPO shares on listing day (February 24, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.