Tejas Cargo India Limited
Tejas Cargo India Limited
SME NSE SME 100% Book Built Offer
Closed

Price Band

₹160 - ₹168

Total Issue

₹106 Cr

Bid Dates

14 Feb - 18 Feb

Subscription

1.17x

Listing Price

₹174 (3.57%)

Website RHP Check Allotment

Valuation

Market Cap

₹401.40 Cr

P/E Ratio

0.08x

P/B Ratio

0.07x

Tejas Cargo India IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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

Tejas Cargo India IPO Lot Size

Lot Information for Tejas Cargo India IPO
Category Lots Shares Amount
Ind (Min) 1 800 ₹1,34,400
Ind (Max) 1 800 ₹1,34,400
S-HNI (Min) 2 1,600 ₹2,68,800
S-HNI (Max) 7 5,600 ₹9,40,800
B-HNI (Min) 8 6,400 ₹10,75,200
Allocate Funds
Market Maker
3,15,200 EQ Share
Employee
63,200 EQ Share
Shareholder
₹0.00

Tejas Cargo India IPO Size

Total ₹106 Cr
Fresh Issue
₹106 Cr (0.63 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  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 Live Subscription

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

Category Sub (x) Offered Bids
QIB 1.33x 11,84,800 15,78,400
NII 1.07x 8,88,800 9,52,800
Retail 1.09x 20,72,800 22,68,800
Total 1.16x 41,46,400 48,00,000

Tejas Cargo India IPO Details Live GMP

GMP ₹0
Est. Price ₹168
Est. Gain 0.00%

Tejas Cargo India IPO Peer Comparison

(Rs. in crores)

Tejas Cargo India IPO Peer Comparison Table
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 Financial Performance

(Rs. in crores)

Financial Performance Metrics for Tejas Cargo India IPO
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

Key Performance Indicators (KPIs)

EBITDA

16.46%

PAT

3.13%

ROE

38.62%

ROCE

28.30%

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

50.00%

Public

50.00%

Chander Bindal 50.00%

Management

Chander Bindal
Chairman & MD
Manish Bindal
CEO
Yogesh Jain
CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Lead Managers (1)

New Berry Capitals

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 (FAQs)

What is Tejas Cargo India IPO?
Tejas Cargo India IPO is a SME IPO having an issue size of ₹106 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.
When will Tejas Cargo India IPO open?
Tejas Cargo India IPO opens on 14 Feb 25 and closes on 18 Feb 25.
What is the GMP of Tejas Cargo India IPO?
The estimated Grey Market Premium of Tejas Cargo India IPO is ₹0 per share (0.00%).
What is the lot size of Tejas Cargo India IPO?
The minimum lot size of Tejas Cargo India IPO is 800 shares & the minimum application amount is Rs. 134400.
When is the allotment of Tejas Cargo India IPO?
The allotment date of Tejas Cargo India IPO is 20 Feb 25.
What is the listing date of Tejas Cargo India IPO?
The listing date of Tejas Cargo India IPO is 24 Feb 25.
What is the subscription of Tejas Cargo India IPO?
Tejas Cargo India IPO is subscribed 1.17 times.
What is the price band of Tejas Cargo India IPO?
Tejas Cargo India IPO is priced at ₹160 - ₹168 per share.
How to check allotment status of Tejas Cargo India IPO?
Click the allotment link on Tejas Cargo India IPO page of IPO360.
How to apply Tejas Cargo India IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Tejas Cargo India IPO in Groww?
  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
How to apply Tejas Cargo India IPO using ASBA?
  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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