Tejas Cargo India Limited

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Tejas Cargo India Limited

Tejas Cargo India Limited is a Faridabad-based logistics company specializing in long-haul, full truck load (FTL) transportation across India. Serving industries like steel, cement, e-commerce, FMCG, and chemicals, they offer express road transport solutions backed by technology. Their services include route planning, fleet management, tracking, and performance monitoring—ensuring efficient, reliable, and timely deliveries

Price Band

₹160 - ₹168

Dates

14 Feb - 18 Feb

GMP

₹0 (0.00%)
Subscriptions

1.24 times

Issue Size

₹105.84 Crs
Tejas Cargo India IPO Key Dates
Opening Date

14 Feb 25

Closing Date

18 Feb 25

Basis Of Allotment

20 Feb 25

Initiations Of Refund

20 Feb 25

Credit Of Shares

21 Feb 25

Listing Date

24 Feb 25

Tejas Cargo India IPO Objects

  1. Purchase of additional trailers for our Company
  2. To meet working capital requirements
  3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
  4. General Corporate Purposes

Tejas Cargo India IPO Details
Price Band

₹160 - ₹168

Listing At

NSE SME
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹105.84 Cr (0.63 Cr Shares)
Offer For Sale

₹0.00 (0.00 Shares)
Total Issue

₹105.84 Cr (0.63 Cr Shares)
Face Value

₹10 per equity share
Tejas Cargo India IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 800 1,34,400
Maximum 1 800 1,34,400
NII
Minimum 2 1,600 2,68,800
Tejas Cargo India IPO Subscription

Updated as on 18-Feb-2025 19:00:09 hrs

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 1.33 11,84,800 15,78,400
NII 1.43 8,88,800 12,68,000
Retail 1.09 20,72,800 22,68,800
Employee - 0 46,400
Total 1.24 41,46,400 51,61,600
Tejas Cargo India IPO GMP

The estimated Grey Market Premium of Tejas Cargo India IPO is ₹0 per share (0.00%)

1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.

2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation
Particulars Allocation
QIB Not more than 50% of net offer
NII Not less than 15% of net offer
Retail Not less than 35% of net offer
Market Maker 3,15,200 EQ Share
Employee 63,200 EQ Share
Tejas Cargo India IPO Financials

(Rs. in crores)

Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 252.61 419.33 381.79 209.29
Profit after Tax 8.75 13.22 9.86 3.16
Net Worth 63.16 55.45 13.02 2.94
Total Borrowing 206.28 161.36 83.38 31.12
Total Assets 294.29 236.00 116.42 63.57
NAV per share (in ₹) 35.90 2,269.21 13,023.94 2,943.90
EPS - Basic (in ₹) 6.81 2,206.83 9,858.53 3,155.41

The financial information presented is on a consolidated basis

Key Performance Indicators
KPI KPI
EBITDA 16.46%
PAT 3.13%
ROE 38.62%
ROCE 28.30%
PE Ratio 0.08
PB Ratio 0.07
Mkt Cap (in Crs.) 401.40
  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Tejas Cargo India IPO Peer Comparision

(Rs. in crores)

Particulars Co. RITCO Logistics AVG Logisticsr
Revenue from Ops (in Crs.) 419.33 933.30 479.89
PAT (In Crs.) 13.22 32.65 18.32
EPS - Basic 7.52 13.22 26.66
NAV per share 31.52 73.98 136.30
RONW 23.85 17.80 12.65
EBITDA 16.46 8.46 19.78
PAT Margin 3.13 3.48 3.73
Price to earning (PE) 0.08 27.33 11.64
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Tejas Cargo India IPO Peer Comparision

(Rs. in crores)

Particulars Co.
Revenue from Ops (in Crs.) 419.33
PAT (In Crs.) 13.22
EPS - Basic 7.52
NAV per share 31.52
RONW 23.85
EBITDA 16.46
PAT Margin 3.13
Price to earning (PE) 0.08
RITCO Logistics AVG Logisticsr
933.30 479.89
32.65 18.32
13.22 26.66
73.98 136.30
17.80 12.65
8.46 19.78
3.48 3.73
27.33 11.64
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
Name Shareholding
Chander Bindal 50.00%
Manish Bindal 50.00%
Management Details
Name Designation
Chander Bindal Chairman & MD
Manish Bindal CEO
Yogesh Jain CFO
Company Details

Name : Tejas Cargo India Limited

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

Number : +91-129-4144812

Email : compliance.officer@tcipl.in

Website : www.tcipl.in

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Tejas Cargo India IPO is a SME IPO having an issue size of Rs. ₹105.84 Crs. Tejas Cargo India IPO is priced at ₹160 - ₹168 per share. The issue opens on 14 Feb 25 and closes on 18 Feb 25.

Tejas Cargo India IPO opens on 14 Feb 25 and closes on 18 Feb 25.

The estimated Grey Market Premium of Tejas Cargo India IPO is ₹0 per share (0.00%).

The minimum lot size of Tejas Cargo India IPO is 800 shares & the minimum application amount is Rs. 134400.

The allotment date of Tejas Cargo India IPO is 20 Feb 25.

The listing date of Tejas Cargo India IPO is 24 Feb 25.

Tejas Cargo India IPO is subscribed 1.24 times.

Tejas Cargo India IPO is priced at ₹160 - ₹168 per share.

Click the allotment link on Tejas Cargo India IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
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  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Tejas Cargo India IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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