Tejas Cargo IPO will open for subscription on February 14, 2025, and close on February 18, 2025. Tejas Cargo India Limited, incorporated in March 2021, is a logistics company based in Faridabad, Haryana, providing supply chain transportation services by road across India. The IPO is a book-built issue worth ₹105.84 crores, consisting entirely of a fresh issue of 63 lakh shares.
Tejas Cargo specialises in express road transportation services under Full Truck Load (FTL), catering to multiple sectors, including logistics, steel, e-commerce, FMCG, and white goods. In this blog, we’ll dive into all the Tejas Cargo IPO details, financial performance, peer analysis, and potential risk factors.
Tejas Cargo IPO Important Dates
The key pointers for the Tejas Cargo IPO important dates are:
- Bidding Opening Date: Feb 14, 2025
- Bidding Closing Date: Feb 18, 2025
- Basis of Allotment Date: Feb 19, 2025
- Initiation of Refunds (in case of less or no allotment): Feb 20, 2025
- Shares Credited to Your Demat Account: Feb 20, 2025
- IPO Listing Date: Feb 24, 2025
- Listing on Exchange: NSE SME
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Tejas Cargo India Limited IPO Issue Size
Tejas Cargo IPO valuation is set at around ₹105 crores with just the fresh issue component.
Here are the important Tejas Cargo IPO details:
- Price Band: ₹160 to ₹168 per share
- Face Value: ₹10 per share
- Tejas Cargo IPO Lot Size: 800 Shares
- Issue Size (Fresh Issue) and Amount: 63,00,000 shares (amounting up to ₹105.84 Cr)
Tejas Cargo IPO Proceeds Usage
Tejas Cargo India Limited IPO proceeds will be used for the following purposes:
- The company plans to expand its fleet by acquiring more trailers, enhancing its transportation capacity, improving delivery efficiency, and catering to the growing logistics demand across various industries.
- A portion of the IPO proceeds will be allocated to daily operational expenses, ensuring smooth business operations, timely payments, and better liquidity management to support business growth and expansion.
- The company aims to reduce its financial liabilities by repaying existing debts, lowering interest costs, improving financial stability, and enhancing its credit profile for future business expansion.
- Funds will be used for miscellaneous strategic initiatives, administrative expenses, business development, and unforeseen financial needs, ensuring operational flexibility and long-term growth sustainability.
Tejas Cargo IPO Reservations
Tejas Cargo IPO reservations to different investors are:
- QIBs: Not more than 50% of the Net Issue
- NIIs: Not less than 15% of the Net Issue
- Retail Investors: Not less than 35% of the Net Issue
Tejas Cargo IPO Lot Size
Tejas Cargo IPO lot size is 800 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| 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 |
Tejas Cargo IPO Details: Promoter Holding
The current promoters of Tejas Cargo India Limited are:
- Chander Bindal
- Manish Bindal
Tejas Cargo IPO: Company Overview
Tejas Cargo India Limited, incorporated in March 2021 in Faridabad, Haryana, is a logistics company providing full truckload road transportation services across India. As of September 2024, Tejas’ fleet included 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively. The company completed over 58,000 trips in fiscal year 2024, operating through 23 branches nationwide.
Tejas services various sectors like logistics, steel, e-commerce, FMCG, and white goods. Strengths include in-house vehicle maintenance, modern fleet monitoring technology, heavy asset ownership, a diversified client base, experienced management, and a track record of growth. As of September 2024, Tejas employed 284 people and had a fleet capacity of up to 42 tonnes. The company aims to provide reliable, technology-driven road transportation solutions to clients across India.
Tejas Cargo India Limited IPO: Financial Performance
Tejas Cargo India Limited key financials and ratios for different periods are as follows:
| Particulars (in ₹ Cr) | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 294.29 | 236 |
| Revenue | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves and Surplus | 46.6 | 55.2 |
| EBITDA Margin (%) | 18.04% | 16.46% |
| PAT Margin (%) | 3.43% | 3.13% |
| Return on Equity (%) | 14.62% | 38.62% |
Risk Factors in Tejas Cargo India Limited IPO
The company’s business is exposed to various risk factors, which can influence operational growth, financial stability, and overall investor sentiment. Careful analysis of the company’s fundamentals, industry position, and financials is crucial before making investment decisions.
- Legal cases against our Company, Promoter, and Director could lead to liabilities and penalties, which may impact operations and finances.
- Our business depends on roads, so any disruptions limiting vehicle movement could cause delays, extra costs or reputational and profitability losses.
- We do not directly employ truck drivers and rely on outsourced ad-hoc drivers. Failing to hire enough skilled drivers impacts business and financial performance.
- Serving diverse industries makes us reliant on multiple performing sectors. Declines in key customer industries may adversely affect us.
- Past instances of statutory non-compliance could result in legal action and negatively impact our reputation and finances.
Tejas Cargo IPO Details: Contact Information
For inquiries related to the Tejas Cargo IPO details, you can contact at the following places:
- Registered Office Address: Tejas Cargo India Limited, 3rd Floor, Tower B, Vatika Mindscape 12/3 , Mathura Road, Sector-27D, NH-2, Faridabad, 121003
- Phone: +91-129-4144812
- Email: compliance.officer@tcipl.in
- Website: https://www.tcipl.in/
Tejas Cargo IPO Registrar Details:
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
For all the insights on Tejas Cargo IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
Frequently Asked Questions – FAQs
1. When will Tejas Cargo IPO open?
The Tejas Cargo IPO will open on February 14, 2025 and closes on February 18, 2025.
2. What is the lot size of Tejas Cargo IPO?
The lot size of Tejas Cargo IPO is 800 shares, and for that you need ₹1,34,400.
3. When is Tejas Cargo India Ltd IPO allotment?
The Basis of Allotment for Tejas Cargo India Ltd IPO will be finalized on February 19, 2025, and the allotted shares will be credited to your demat account by February 20, 2025.
4. When is the listing date of Tejas Cargo IPO?
The anticipated listing date for the Tejas Cargo IPO is set for Monday, February 24, 2025, on the NSE SME.
Reference:
https://www.nseindia.com/companies-listing/corporate-filings-offer-documents
Author: All Content is verified by SMC Global Securities.
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