Tejas Cargo IPO: Date, Review, Price, and Allotment Details
Tejas Cargo IPO is scheduled to open on February 14, 2025, and close on February 18, 2025. The IPO is a Book Built Issue aimed at raising ₹105.84 crores, which includes a fresh issue of ₹105.84 crores.
The IPO price band is set at ₹160 to ₹168 per share, with allocations as follows:
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
Tejas Cargo IPO will be listed on NSE SME on February 21, 2025, and the IPO allotment date is February 19, 2025.
Tejas Cargo IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | February 14, 2025 |
| IPO Close Date | February 18, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹160 to ₹168 per share |
| Issue Size | ₹105.84 crores (approx) |
| Fresh Issue | ₹105.84 crores (approx) |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| DRHP & RHP | Click Here |
| Anchor Investors List | Click Here |
Tejas Cargo IPO Market Lot
The minimum lot size for Tejas Cargo IPO is 800 shares, requiring a minimum investment of ₹1,34,400.
| Investor Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail – Minimum | 1 Lot | 800 | ₹1,34,400 |
| Retail – Maximum | 1 Lot | 800 | ₹1,34,400 |
| S-HNI – Minimum | 2 Lots | 1,600 | ₹2,68,800 |
Tejas Cargo IPO Schedule
| Event | Date |
|---|---|
| IPO Open Date | February 14, 2025 |
| IPO Close Date | February 18, 2025 |
| Basis of Allotment | February 19, 2025 |
| Refunds Initiated | February 20, 2025 |
| Credit to Demat | February 20, 2025 |
| IPO Listing Date | February 21, 2025 |
Promoters of Tejas Cargo
The promoters of Tejas Cargo IPO are:
- Chander Bindal
- Manish Bindal
About Tejas Cargo Limited
Tejas Cargo India, based in Faridabad, Haryana, is a logistics company specializing in long-distance road transportation across India. The company provides Full Truck Load (FTL) services and caters to industries including:
✅ Logistics & FMCG
✅ White Goods & Steel
✅ Cement & E-Commerce
✅ Chemical Transport
Company Strengths
✔ Fleet Control & Maintenance
✔ GPS Tracking & Automated Warehousing
✔ Global Supply Chain Management
In FY 2024, the company reported:
- Revenue: ₹422.59 crores
- EBITDA: ₹22.68 crores
- Profit After Tax (PAT): ₹13.22 crores
Tejas Cargo Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 (Standalone) | ₹209.60 | ₹205.45 | ₹3.16 | ₹63.57 |
| 2023 (Standalone) | ₹384.37 | ₹370.85 | ₹9.86 | ₹116.42 |
| 2024 (Consolidated) | ₹422.59 | ₹405.20 | ₹13.22 | ₹236.00 |
| September 2024 (Consolidated) | ₹255.09 | ₹43.41 | ₹8.75 | ₹294.29 |
Tejas Cargo IPO Valuation – FY 2024
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 38.62% |
| Return on Capital Employed (ROCE) | 28.30% |
| EBITDA Margin | 16.46% |
| Profit After Tax (PAT) Margin | 3.13% |
| Debt-to-Equity Ratio | 2.91 |
| Earnings Per Share (EPS) | ₹7.52 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 23.85% |
| Net Asset Value (NAV) | ₹2,269.21 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹ Cr) | Income (₹ Cr) |
|---|---|---|---|---|---|
| AVG Logistics Ltd | 26.66 | 11.64 | 12.65% | 136.30 | 479.89 Cr |
| RITCO Logistics Ltd | 13.22 | 27.33 | 17.80% | 73.98 | 933.30 Cr |
Objects of the IPO Issue
🔹 Purchase of additional trailers for the company
🔹 Working capital requirements
🔹 Repayment of certain borrowings
🔹 General corporate purposes
Tejas Cargo IPO Review & Ratings
- Debt-to-equity ratio of 2.91 indicates leverage.
- Strong revenue growth in 2024 suggests long-term potential.
- Competitive presence in logistics & transport industry.
IPO Ratings & Recommendations from Analysts: (To be updated)
Tejas Cargo IPO Registrar & Lead Manager
📌 Registrar: Bigshare Services Pvt Ltd
📞 Phone: +91-22-6263 8200
📧 Email: ipo@bigshareonline.com
🌍 Website: Bigshare Online
📌 Lead Manager: New Berry Capitals Private Limited
Tejas Cargo IPO FAQs
🔹 What is Tejas Cargo IPO?
It is an SME IPO aiming to raise ₹105.84 crores with a price band of ₹160-₹168 per share.
🔹 When does Tejas Cargo IPO open?
The IPO opens on February 14, 2025, and closes on February 18, 2025.
🔹 What is the IPO allotment date?
The allotment will be finalized on February 19, 2025.
🔹 When will Tejas Cargo IPO be listed?
It will be listed on NSE SME on February 21, 2025.
Disclaimer
📌 Invest based on company fundamentals, not just market trends.
📌 IPO Grey Market Premium (GMP) may change before listing.