Tejas Cargo India Ltd IPO
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Tejas Cargo India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 63 L | TBA | ₹ 20.73 L | ₹ 175.93 L | NSE | ₹ 105.84 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 14 Feb, 25 | 18 Feb, 25 | 800 | ₹ 1,28,000 | Book Building - SME | 24 Feb, 25 |
Tejas Cargo India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.53x | 2960800 | 1578400 |
| NII | 1.43x | 888240 | 1268000 |
| Retail | 1.09x | 2072560 | 2268800 |
| Employee | 0.73x | 63200 | 46400 |
| Total | 0.82x | 6300000 | 5161600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Tejas Cargo India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 27.68 | 7.44 | TBA |
| EBITDA | 41.84 | 10.66 | TBA |
| PAT | 9.86 | 3.16 | TBA |
| Total Assets | 63.32 | 42.22 | TBA |
| Share Capital | 0.01 | 0.01 | TBA |
| Total Borrowings | 95.06 | 33.95 | TBA |
| Operating Activities (Net Cash) | 24.02 | 6.38 | TBA |
| Investing Activities (Net Cash) | 0.00 | 0.05 | TBA |
| Financing Activities (Net Cash) | 95.06 | 33.95 | TBA |
| Net Cashflow | 3.54 | 0.40 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Tejas Cargo India Ltd
Our Company was incorporated as a private limited company as `Tejas Cargo India Private Limited', under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 26, 2021 issued by the Registrar of Companies, Central Registration Centre. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on June 21, 2024, and by the Shareholders in an extraordinary general meeting held on June 22, 2024 and consequently the name of our Company was changed to `Tejas Cargo India Limited' and a fresh certificate of incorporation dated September 05, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Third-Party Logistics (3PL) market involves outsourcing logistics and supply chain management tasks-such as transportation, warehousing, inventory management, and order fulfilment to specialized external firms. This approach helps businesses focus on their core operations, improving efficiency, reducing costs, and enhancing customer service. 3PL providers use their expertise, technology, and resources to optimize logistics, ensure smooth coordination among manufacturers, suppliers, and retailers, and act as intermediaries to facilitate product flow, ultimately boosting overall efficiency and customer satisfaction. The Indian 3PL market is expanding due to the rise in e-commerce and changing consumer expectations for faster, flexible delivery. 3PL providers benefit from economies of scale, which reduce costs in transportation, warehousing, and labor.
We are a logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India. We offer express supply chain transportation services by road under full truck load, to a diverse range of companies who are, inter alia, engaged in the logistics, steel and cement, e-commerce, industrial & chemicals, FMCG and white goods sectors. We offer technology enabled logistics services to our clients to optimize our operations and minimize contingencies. We derive more than 98% of our revenue by providing long haul supply chain transportation services. Our services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.
Peer Comparison:
- AVG Logistics Ltd
- Ritco Logistics Ltd
Tejas Cargo India Ltd IPO Key Points
Strengths
- Heavy Asset Ownership Model.
- Leveraging modern technology to operate and monitor our fleet.
- In-House Maintenance and Direct Procurement.
- Diversified client base and revenue sources.
- Track record of growth and robust financial position.
Risk
- There are outstanding legal proceedings against the Company, Promoter, and one of its Director. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
- Its business is dependent on the network of roads and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions which affect its ability to utilize the company transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- The Company operates without any truck drivers on its payroll and outsources drivers on an adhoc basis. The company inability to source skilled and experienced drivers may adversely impact its business, results of operations and financial results.
Strategy
- Shifting to a Hybrid Model.
- To optimise our fleet composition by increasing the number of trailers to remain ahead of the competition.
- To expand into rail logistics / to expand operations in multi-mode logistic services.
- To invest in technology for sustainable growth.
- Venturing into secondary logistics and warehousing business.
- Heavy Asset Ownership Model.
- Leveraging modern technology to operate and monitor our fleet.
- In-House Maintenance and Direct Procurement.
- Diversified client base and revenue sources.
- Track record of growth and robust financial position.
How To Apply for Tejas Cargo India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
