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Tejas Cargo IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 800 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Feb 2025

  • Listing Price

    ₹ 175.00

  • Listing Change

    4.17%

  • Last Traded Price

    ₹ 168.00

IPO Details

  • Bidding starts

    14 Feb 2025

  • Bidding ends

    18 Feb 2025

  • Listing

    21 Feb 2025

  • IPO Price Range

    ₹ 160 to ₹ 168

  • IPO Size

    ₹ 105.84 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Tejas Cargo IPO Subscription Status

Last Updated: 18 February 2025 6:30 PM by 5Paisa

Tejas Cargo India Ltd, a Faridabad-based logistics company, is launching a ₹105.84 crore IPO, entirely a fresh issue of 0.63 crore shares. The company provides nationwide express road transportation, operating 1,131 vehicles, including 913 container trucks and 218 trailers. With 23 branches and 284 employees, it serves diverse industries. Key strengths include in-house maintenance, technology-driven operations, a strong asset base, and a robust financial position.

Established in: 2021
CEO: Manish Bindal

Peers

AVG Logistics Limited
RITCO Logistics Limited

Objectives

1. Purchase of additional trailers for the company
2. To meet working capital requirements
3. Repayment or pre-payment of borrowings
4. General corporate purposes
 

 Tejas Cargo IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 128,000
Retail (Max) 1 800 128,000
HNI (Min) 2 1,600 256,000

Tejas Cargo IPO Size

Types Size
Total IPO Size ₹105.84 Cr.
Offer For Sale -
Fresh Issue ₹105.84 Cr.

 

Tejas Cargo IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.33 11,84,800 15,78,400 26.517
NII (HNI) 1.07 8,88,800 9,52,800 16.007
Retail 1.09 20,72,800 22,68,800 38.116
Total** 1.15 42,09,600 48,46,400 81.420

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Tejas Cargo IPO Anchor Allocation

Anchor Bid Date 13 February, 2025
Shares Offered 17,75,200
Anchor portion Size (In ₹ Cr.) 29.82
Anchor lock-in period end date for 50% shares (30 Days) 21 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 20 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 209.60 384.37 422.59
EBITDA 8.38 32.82 69.03
PAT 3.16 9.86 13.22
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 63.57 116.42 236.00
Share Capital 0.01 0.01 0.24
Total Borrowings 31.12 83.38 161.36
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -5.22 -7.27 48.15
Net Cash Generated From / (used in) investing activities -24.57 -45.72 -130.71
Net Cash Generated From / (used in) financing activities 30.19 56.13 87.44
Net Increase (Decrease) In Cash And Cash Equivalents 0.40 3.14 4.88


Strengths

1. Owns a large fleet of 1,131 vehicles for nationwide logistics.
2. Uses technology for efficient fleet monitoring and management.
3. Serves multiple industries, reducing dependency on one sector.
4. Strong financial position with a history of steady growth.
5. Experienced management ensures smooth operations and expansion.
 

Risks

1. High capital investment required for fleet maintenance and expansion.
2. Dependent on fuel price fluctuations impacting operational costs.
3. Intense competition in the logistics sector.
4. Economic slowdowns can affect transportation demand.
5. Limited international presence restricts global expansion opportunities.
 

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FAQs

Tejas Cargo India IPO opens from 14 February 2025 to 18 February 2025.

The size of Tejas Cargo India IPO is ₹105.84 Cr.

The price of Tejas Cargo India IPO is fixed at ₹160 to ₹168 per share. 

To apply for Tejas Cargo India IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Tejas Cargo India  IPO.    
● 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.
 

The minimum lot size of Tejas Cargo India IPO is 800 shares and the investment required is ₹128,000.

The share allotment date of Tejas Cargo India IPO is 19 February 2025

The Tejas Cargo India IPO will be listed on 21 February 2025.

New Berry Capitals Pvt Ltd is the book running lead manager for Tejas Cargo India IPO.

Tejas Cargo India plans to utilise the raised capital from the IPO for:

1. Purchase of additional trailers for the company
2. To meet working capital requirements
3. Repayment or pre-payment of borrowings
4. General corporate purposes