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Tejas Cargo India Ltd

Logistics

Offer Period :

14th to 18th Feb 2025

Tejas Cargo India Ltd IPO Details

IPO Date 14th to 18th Feb 2025 Minimum Investment ₹134400 / 1 Lots
Listing Date 2025-02-24 Maximum Investment ₹134400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹105.84 Crores
Price ₹160 to ₹168 per share Fresh Issue ₹105.84 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 17592840 Shares
Issue Type Book Building - SME Shareholding Post Issue 23892840 Shares
IPO Date 14th to 18th Feb 2025
Listing Date 2025-02-24
Face Value ₹10 per share
Price ₹160 to ₹168 per share
Lot Size 1 Lots (800 Shares)
Listing At NSE-SME
Total Issue Size ₹105.84 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹134400 / 1 Lots
Maximum Investment ₹134400 / 1 Lots
Fresh Issue ₹105.84 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 17592840 Shares
Shareholding Post Issue 23892840 Shares

About Tejas Cargo India Ltd IPO

Tejas Cargo India Limited, established in March 2021, is a rapidly growing logistics company based in Faridabad, Haryana. The company specializes in supply chain transportation services by road, ensuring seamless movement of goods across India. With a strong focus on Full Truck Load (FTL) services, Tejas Cargo India caters to a broad range of industries, including logistics, steel, e-commerce, FMCG, and white goods. Its extensive operational reach and commitment to efficiency have positioned it as a key player in the Indian logistics sector.

The company operates a well-maintained and expanding fleet to support its nationwide logistics services. As of October 31, 2024, Tejas Cargo India manages a fleet of 1,131 vehicles, comprising 913 container trucks and 218 trailers, each designed for optimized load capacity ranging from 32 to 40 feet with up to 42 tonnes of carrying strength. By leveraging in-house maintenance and direct procurement strategies, the company ensures cost-effective fleet management, maximizing operational efficiency.

Founding Head: 2021

Managing Director: [-]

Tejas Cargo India Limited Timeline

Important dates for allocation and IPO listing.

14th Feb

IPO Opens

18th Feb

IPO Close

20th Feb

Allotment Date

20th Feb

Initiation of Refund

21st Feb

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.63
Public Group 0 26.37

Tejas Cargo India Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

Tejas Cargo India Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹134400
Retail (Max) 1 800 ₹134400
S HNI (Min) 2 1600 ₹268800
S HNI (Max) 7 5600 ₹940800
B HNI (MIN) 8 6400 ₹1075200

Tejas Cargo India Ltd IPO Anchor Investor Details

Bid Date 13 February 2025
Shares Offered 0
Anchor Portion Size 0

Tejas Cargo India Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91-22-62638200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Tejas Cargo India Ltd IPO Lead Manager

1. New Berry Capitals Pvt Ltd

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Tejas Cargo India Ltd Financial Information

Period Ended March 31, 2023 March 31, 2022 March 31,
Net Worth ₹13.02 ₹3.17
Reserves and Surplus ₹13.01 ₹3.16
Total Borrowing ₹83.38 ₹31.12

Tejas Cargo India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 0 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 0 0
Total 0 0 0

Strength of Tejas Cargo India Ltd

1. Heavy Asset Ownership Model.

2. Leveraging modern technology to operate and monitor our fleet.

3. In-House Maintenance and Direct Procurement.

4. Diversified client base and revenue sources.

5. Track record of growth and robust financial position.

6. Experienced and motivated management team.

Risks Involved

1. There are outstanding legal proceedings against our Company, Promoter, and one of our Director. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect our business, results of operations and financial condition.

2. Our business is dependent on the network of roads and our ability to utilize our vehicles in an uninterrupted manner. Any disruptions which affect our ability to utilize our transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.

3. Our Company operates without any truck drivers on our payroll and outsources drivers on an adhoc basis. Our inability to source skilled and experienced drivers may adversely impact our business, results of operations and financial results.

4. We depend significantly on our customers from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect our business and profitability

5. There have been instances of discrepancies/ errors/delayed filings and statutory non compliances in the past. We may be subject to legal proceedings or regulatory actions by statutory authorities and our business, financial condition and reputation may be adversely affected.

6. Brand recognition is important to the success of our business, and our inability to build and maintain our brand names will harm our business, financial condition and results of operation.

7. We require a number of approvals, licenses, registrations and permits in the ordinary course of our business. Some of the approvals are required to be transferred in the name of Tejas Cargo India Limited from Tejas Cargo India Private Limited pursuant to name change of our Company and any failure or delay in obtaining the same in a timely manner may adversely affect our operations.

8. Our Company is yet to apply for Professional Tax Registration for some branch offices. Failure to obtain such registrations may adversely impact our business, financial conditions, results of operations, and cash flows.

9. As of September 30, 2024, our debt-to-equity ratio is significantly high at 3.27. We have availed a substantial debt amounting to ?20,498.63 lakhs, primarily for investments in fixed assets such as commercial vehicles. Any inability to service this debt or adhere to the covenants stipulated in our financing agreements could materially and adversely impact our business operations, financial condition, and overall performance"

10. Our business is dependent on technology which is outsourced by our Company and any disruptions of or failure to update such technology or automation could have an adverse effect on our results and operations.

Why should you invest in

-

Industry Outlook

  • Rapid Growth: The Indian logistics sector, valued at $250 billion, is growing at a CAGR of 10-12%.
  • Government Support: Initiatives like Gati Shakti and the National Logistics Policy (NLP) are boosting infrastructure and efficiency.
  • E-commerce Boom: Increasing online shopping is driving demand for fast and reliable logistics services.
  • Technology Adoption: Digital freight tracking, automation, and GST implementation have streamlined operations.
  • Expanding Road Network: Investments in highway and transportation infrastructure are improving logistics efficiency.
  • Tejas Cargo’s Advantage: With an expanding fleet and tech-driven operations, the company is well-positioned to benefit from industry trends.

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.

Tejas Cargo India Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024
Total Assets 236
Total Liabilities 236
Total Expenses 405.2
Total Revenue 
422.59
Profit After Tax 13.22
EBITDA 69.03
Adjusted EBITDA 0

Tejas Cargo India Limited IPO Contact Details

Tejas Cargo India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-02-24 0 -
INE17WC01013
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹160 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Tejas Cargo India Ltd IPO?

Answer Field

Tejas Cargo India Ltd IPO is a SME IPO of [-] equity shares of a face value of ₹10 aggregating up to ₹105.84 Crores. The issue is priced at ₹160 to ₹168 per share. The minimum order quantity is 800 Shares. 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.

When Tejas Cargo India Ltd IPO will open?

Answer Field

The Tejas Cargo India Ltd IPO opens on February 14, 2025 and closes on February 18, 2025.

What is the lot size of Tejas Cargo India Ltd?

Answer Field

Tejas Cargo India Ltd lot size is 800 shares, and the minimum amount required is ₹1,34,400.

How to apply for Tejas Cargo India Ltd IPO?

Answer Field

You can apply in Tejas Cargo India Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Tejas Cargo India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Tejas Cargo India Ltd IPO will be done on February 20, 2025, and the allotted shares will be credited to your demat account by February 21, 2025.

When is Tejas Cargo India Ltd IPO listing date?

Answer Field

The Tejas Cargo India Ltd listing date is February 24, 2025.

Who is the registrar of Tejas Cargo India Ltd IPO?

Answer Field

The registrar of Tejas Cargo India Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

New Berry Capitals Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Tejas Cargo India Ltd IPO?

Answer Field

The fresh issue size is ₹105.84 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Tejas Cargo India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,34,400 amount.

How can I approve the UPI mandate request for Tejas Cargo India Ltd IPO?

Answer Field

To apply for Tejas Cargo India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Tejas Cargo India Ltd?

Answer Field

The price of each Tejas Cargo India Ltd share will be ranging in between ₹160 to ₹168 per share.

What is the cut-off time for the UPI mandate for Tejas Cargo India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 18, 2025.

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