IPO - Check IPO Date, Price, Lot Size

Tejas Cargo India Ltd IPO

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.

Tejas Cargo India Ltd IPO Details

Total Shares Offered

₹ 63,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,72,560

Pre Issue Promoters Holding

₹ 1,75,92,840

Exchange

NSE

Issue size

₹ 105.84 Cr

IPO Open Date

Feb 14, 2025

Close Date

Feb 18, 2025

Lot Size

800

Min Investment

₹ 1,28,000

Issue Type

Book Building - SME

Listing Date

Feb 24, 2025

Tejas Cargo India Ltd IPO Dates

Feb 14, 2025

Opening date

Feb 18, 2025

Closing date

Feb 20, 2025

Basis of Allotment

Feb 20, 2025

Initiation of Refunds

Feb 21, 2025

Credit of Shares

Feb 24, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.53x

1.43x

1.09x

0.73x

0.82x

2960800

888240

2072560

63200

6300000

1578400

1268000

2268800

46400

5161600

Tejas Cargo India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	501.29	419.33	27.68
EBITDA	147.74	99.20	41.84
PAT	19.12	13.22	9.86
Total Assets	168.16	92.63	63.10
Share Capital	23.89	0.24	0.01
Total Borrowings	166.72	158.99	94.84
Operating Activities (Net Cash)	80.13	54.12	24.02
Investing Activities (Net Cash)	-2.69	19.00	0.00
Financing Activities (Net Cash)	166.72	158.99	94.84
Net Cashflow	41.84	8.31	3.54

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.

Peer Comparison:

AVG Logistics Ltd
Ritco Logistics Ltd

Tejas Cargo India Ltd 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.

How To Apply for Tejas Cargo India Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Tejas Cargo India Ltd IPO?

Tejas Cargo India Ltd's IPO offers shares for up to 105.84 It begins on Feb 14, 2025 and ends on Feb 18, 2025.

What is the price of the Tejas Cargo India Ltd IPO?

The price of Tejas Cargo India Ltd IPO ranges between ₹160 to ₹168 per share.

What are the open and close dates for the Tejas Cargo India Ltd IPO?

The Tejas Cargo India Ltd IPO opens on Feb 14, 2025 and closes on Feb 18, 2025.

When will the Tejas Cargo India Ltd IPO be allotted?

The allotment for the Tejas Cargo India Ltd IPO will be finalised on Feb 20, 2025. The shares will be listed on BSE and NSE on Feb 24, 2025.

What is the minimum lot size required for Tejas Cargo India Ltd IPO?

The minimum lot size for Tejas Cargo India Ltd IPO is 800 shares, priced between ₹160 to ₹168 per share.

What is the GMP of Tejas Cargo India Ltd IPO?

The GMP (Grey Market Premium) of Tejas Cargo India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Tejas Cargo India Ltd IPO?

To check the allotment status of Tejas Cargo India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Tejas Cargo India Ltd IPO getting listed?

The Tejas Cargo India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 14, 2025, and closes on Feb 18, 2025. The allotment is finalised on Feb 20, 2025.

How do you apply for the Tejas Cargo India Ltd IPO?

To apply for the Tejas Cargo India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.