Tejas Cargo IPO
- IPO Date14 Feb, 2025 to 18 Feb, 2025
- Listing Date21 Feb, 2025
- Face Value₹10 per share
- Issue Price₹160 to ₹168 per share
- Lot Size800 Shares
- Minimum Investment₹1,34,400
- Listing AtNSE SME
- Total Issue Size63,00,000 Shares
(aggregating up to ₹105.84 Cr) - Fresh Issue63,00,000 Shares
(aggregating up to ₹105.84 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,75,92,840
- Shareholding post issue2,38,92,840
IPO Dates
Closing Date
18 Feb, 2025
Initiation of Refunds
20 Feb, 2025
Listing Date
21 Feb, 2025
14 Feb, 2025
Opening Date
19 Feb, 2025
Basis of Allotment
20 Feb, 2025
Credit of Shares
Tejas Cargo Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 1600 | ₹2,68,800 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| B-HNI (Min) | - | - | - |
Tejas Cargo Promoter Holding
The company promoters are Chander Bindal and Manish Bindal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Tejas Cargo COMPANY INFORMATION
Tejas Cargo IPO is a book built issue of Rs 105.84 crores. The issue is entirely a fresh issue of 63.00 lakh shares. Tejas Cargo IPO opens for subscription on February 14, 2025 and closes on February 18, 2025. The allotment for the Tejas Cargo IPO is expected to be finalized on Wednesday, February 19, 2025. Tejas Cargo IPO will be list on NSE SME with a tentative listing date fixed as Friday, February 21, 2025. Tejas Cargo IPO price band is set at ₹160 to ₹168 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,28,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,34,400.The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,68,800. New Berry Capitals Private Limited is the book-running lead manager of the Tejas Cargo IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Tejas Cargo IPO is New Berry Capitals Private Limited.
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.
The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.
As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.
As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.
The company operates nationwide through twenty-three branches for placements, loading, and unloading.
The company has a workforce of 284 employees as of September 30, 2024.
Competitive Strength
- In-House Maintenance and Direct Procurement
- Leveraging modern technology to operate and monitor its fleet.
- Heavy Asset Ownership Model
- Diversified client base and revenue sources
- Experienced and motivated management team
- Track record of growth and robust financial position.
Tejas Cargo India IPO
IPO Overview and Key Highlights
Tejas Cargo India, a Haryana-based logistics and transportation company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 63,00,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the NSE EMERGE platform.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • 63,00,000 equity shares
- Face Value • ₹10 per share
- Issue Price • To be determined
- Offer Opens • February 14, 2025
- Offer Closes • February 18, 2025
- Listing Exchange • NSE EMERGE
- Market Maker Reservation • 3,15,200 equity shares
Company Overview
Tejas Cargo India was originally incorporated as Tejas Cargo India Private Limited in 2021 and later converted into a public company in 2024. The company operates in the logistics and transportation sector, offering third-party logistics (3PL) services, fleet management, and cargo transportation solutions.
- Promoters • Chander Bindal and Manish Bindal
- Headquarters • Faridabad, Haryana
- Corporate Identification Number (CIN) • U60230HR2021PLC094052
Financial Overview
Tejas Cargo India has demonstrated consistent revenue growth, leveraging the rising demand for logistics and supply chain solutions. The IPO proceeds will be used to expand fleet capacity, invest in technology, and strengthen financial stability.
Key Strengths of Tejas Cargo India
- Established Industry Presence • Growing logistics and transportation company.
- No OFS • Entire issue is a fresh issue, ensuring funds go directly into business growth.
- Expansion Plans • Focus on increasing fleet size and technological advancements.
- Experienced Management • Led by industry professionals with deep expertise.
IPO Pros and Cons
Pros
- Growing Logistics Market • High demand for reliable cargo and transportation services.
- Government Incentives • Supportive policies for logistics and supply chain development.
- Proceeds Utilization • Funds allocated for fleet expansion and operational efficiency.
Cons
- Market Dependency • Revenue tied to economic activity and industrial demand.
- Competitive Industry • Faces competition from domestic and multinational logistics players.
- Fuel and Operational Costs • Fluctuations in fuel prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility • Business performance depends on freight demand and industrial growth.
- Operational Challenges • Managing a growing fleet efficiently while maintaining profitability.
- Regulatory Compliance • Adherence to transport and logistics regulations.
Conclusion
The Tejas Cargo India IPO presents an opportunity to invest in a fast-growing logistics and transportation company. With no Offer for Sale, all funds raised will be used for business expansion, making it an attractive investment. However, investors should evaluate factors like market dependency, competition, and fuel price fluctuations before making a decision.
FAQs About Tejas Cargo Ipo
Tejas Cargo IPO will open on 14 Feb, 2025 and close on 18 Feb, 2025. Investors must apply within this period to participate.
The Tejas Cargo IPO price band is set between ₹160.00 and ₹168.00 per share. The minimum lot size is 800, requiring an investment of at least ₹134400.00.
The Tejas Cargo IPO shares are expected to be listed on 21 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Tejas Cargo IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Tejas Cargo IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.