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Tejas Cargo India IPO: Things Smart Investors Need to Know

Tejas Cargo India Limited, incorporated in 2021, is a leading player in the logistics and transportation sector. The company specializes in providing Full Truck Load (FTL) services, offering express road transportation across industries such as logistics, steel, e-commerce, FMCG, and white goods. With a strong fleet and an expanding operational network, Tejas Cargo India plays a key role in ensuring efficient and timely goods movement across India.

The company operates 23 branches nationwide and manages a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers. With its in-house maintenance system, the company ensures efficient fleet management and cost optimization. As of September 30, 2024, the company had completed 98,913 trips, demonstrating its growing market presence and operational scale.

For more details, visit the Tejas Cargo India IPO page.

Tejas Cargo India IPO Details and Objectives Details

Particulars

Information

IPO Date

February 14, 2025 – February 18, 2025

Issue Size

₹105.84 Crores

Price Band

₹160 to ₹168 per share

Lot Size

800 shares

Issue Type

Book Built Issue IPO

Listing Exchange

NSE SME

Face Value

₹10 per share

Purpose of the IPO

  • Purchase of additional trailers for expansion
  • Funding working capital requirements
  • Repayment or pre-payment of existing borrowings
  • General corporate purposes

Timeline of Tejas Cargo India IPO

Event

Date

IPO Open Date

February 14, 2025

IPO Close Date

February 18, 2025

Tentative Allotment

February 19, 2025

Initiation of Refunds

February 20, 2025

Credit of Shares to Demat

February 20, 2025

Tentative Listing Date

February 24, 2025

Cut-off Time for UPI Mandate Confirmation

5 PM on February 18, 2025

Pricing & Lot Size of Tejas Cargo India IPO

Price Band for the IPO

  • ₹160 to ₹168 per share

Minimum Lot Size and Application Details

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

How to Apply for the Tejas Cargo India IPO?

Online Application Process

  • Log in to Your Trading Account
    Access your broker’s platform to initiate the IPO application.
  • Navigate to the IPO Section
    Locate the IPO section to view active listings.
  • Select Tejas Cargo India IPO
    Find "Tejas Cargo India IPO" and click on the ‘Apply’ button.
  • Enter Application Details
    Specify the number of lots (minimum 800 shares) and bid price within ₹160-₹168.
  • Provide Your UPI ID
    Enter your UPI ID for payment authorization. Ensure sufficient balance in your linked account.
  • Review and Submit
    Double-check all entered details before submission.
  • Approve UPI Mandate
    Approve the UPI mandate before 5 PM on February 18, 2025, to complete the process.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: ₹294.29 Cr (Sep 2024)
  • Revenue: ₹255.09 Cr (H1 FY25), ₹422.59 Cr (FY24)
  • Profit After Tax (PAT): ₹8.75 Cr (H1 FY25), ₹13.22 Cr (FY24)
  • Net Worth: ₹63.16 Cr (Sep 2024)
  • Total Borrowings: ₹206.28 Cr

Recent Performance and Growth Prospects

  • Strong revenue growth, driven by increased logistics demand
  • Expansion of fleet and branch network
  • Increased demand in e-commerce and FMCG sectors
  • Technology-driven logistics management for improved efficiency

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The logistics industry is highly competitive, impacting pricing power
  • Fuel price fluctuations can influence operating costs
  • Dependency on economic growth trends and transportation demand

Opportunities and Growth Potential

  • Expansion of logistics services and fleet capacity
  • Growing demand from e-commerce and supply chain industries
  • Technology adoption enhancing fleet efficiency and cost savings

Key Performance Indicator (KPI)

KPI

Values

Market Cap

₹401.40 Cr

ROE

38.62%

ROCE

28.30%

RoNW

23.85%

PAT Margin

3.13%

Price to Book Value

0.07

Tejas Cargo IPO Registrar & Lead Managers

Role

Name

Lead Manager

New Berry Capitals Private Limited

Registrar

Bigshare Services Pvt Ltd

Market Maker

New Berry Capitals Private Limited

Company Address of Tejas Cargo India Ltd

Registered Office:
3rd Floor, Tower B, Vatika Mindscape,
12/3, Mathura Road, Sector-27D, NH-2, Faridabad, 121003

Email: compliance.officer@tcipl.in
Phone: +91-129-4144812

Conclusion

The Tejas Cargo India IPO offers an opportunity to invest in a growing logistics company with an expanding fleet and a strong operational network. The company's focus on technology, fleet expansion, and diversified client base positions it well for future growth. However, potential investors should assess industry risks, competitive factors, and financial trends before making an investment decision.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Tejas Cargo India IPO.

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer

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Frequently Asked Questions

Who is the CEO of Tejas Cargo India Ltd?

Answer Field

The CEO of Tejas Cargo India Ltd is Chander Bindal.

When will the Tejas Cargo India IPO open for subscription?

Answer Field

The IPO will open for subscription on February 14, 2025, and close on February 18, 2025.

What is the company’s core business, and how sustainable is its business model in the long term?

Answer Field

Tejas Cargo India Ltd specializes in Full Truck Load (FTL) logistics, serving diverse industries. With an expanding fleet and operational footprint, the company is well-positioned for sustainable long-term growth.

What is the issue size of the Tejas Cargo India IPO?

Answer Field

The total issue size of the IPO is ₹105.84 Crores, consisting of 63 lakh fresh shares.

What is pre-apply for the Tejas Cargo India IPO?

Answer Field

The pre-apply feature allows investors to submit IPO applications before the official subscription window opens.

What is the allotment date for the Tejas Cargo India IPO?

Answer Field

The tentative allotment date is February 19, 2025.

Who is the registrar of Tejas Cargo India Ltd IPO?

Answer Field

The registrar for this IPO is Bigshare Services Pvt Ltd.

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