Tejas Cargo IPO – Dates, Price Band, Lot Size, Allotment & Listing Details

Tejas Cargo IPO is set to open for subscription on February 14, 2025, and will close on February 18, 2025. This Book Built Issue IPO aims to raise approximately ₹105.84 crores, comprising a fresh issue of ₹105.84 crores and an offer for sale (OFS) of up to [.] equity shares with a face value of ₹10 each. The Tejas Cargo IPO price band has been fixed between ₹160 to ₹168 per share, offering an attractive valuation for investors. The IPO allotment date is scheduled for February 19, 2025, and the Tejas Cargo IPO listing date is expected on February 21, 2025, with its debut on NSE.

The IPO has a structured quota allocation, with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). Looking at the financials, Tejas Cargo reported revenue of ₹422.59 crores in 2024 and a net profit of ₹13.22 crores in the same period, reflecting strong business growth. Based on these financials, market analysts suggest that Tejas Cargo IPO could be a good investment opportunity for long-term investors. Investors looking for a stable and growing company in the logistics sector may find this IPO a promising investment option.

Tejas Cargo IPO Date & Price Band Details

Tejas Cargo: Company Overview, Strengths, and Risks

Tejas Cargo India Limited is a Faridabad-based logistics company specializing in Full Truck Load (FTL) road transportation across India. Established in March 2021, the company has rapidly grown its fleet and service network, catering to diverse sectors like logistics, steel, e-commerce, FMCG, and white goods. Tejas Cargo is currently going public with an IPO on the NSE SME.

Company Overview:

• Services: FTL road transportation, focusing on long-haul supply chain transportation.
• Fleet: As of October 31, 2024, operates 1,131 vehicles, including 913 container trucks and 218 trailers.
• Reach: 23 branches nationwide for placements, loading, and unloading.
• Technology: Employs technology for fleet operation and monitoring.
• Clientele: Serves various industries, including logistics, steel, e-commerce, FMCG, and white goods.

Strengths:

• In-house Maintenance and Direct Procurement: This ensures better control over maintenance costs and quality.
• Technology Integration: Leveraging technology for efficient fleet operation and monitoring enhances operational efficiency and transparency.
• Heavy Asset Ownership Model: Owning a significant portion of its fleet provides better control over capacity and service quality.
• Diversified Client Base: Serving a wide range of industries reduces reliance on any single sector.
• Experienced Management Team: A strong management team is crucial for navigating the complexities of the logistics industry.
• Growth Track Record: The company has demonstrated significant growth in its operations and financials.

Risks:

• Competition: The logistics industry is highly competitive, with numerous players vying for market share.
• Dependence on Road Infrastructure: Reliance on road networks makes the company vulnerable to traffic congestion, road conditions, and fuel price fluctuations.
• Regulatory Changes: Changes in transportation regulations and policies can impact the company’s operations and profitability.
• Economic Downturn: Economic slowdowns can affect demand for transportation services, impacting the company’s revenue.
• Operational Challenges: Managing a large fleet and workforce across a vast geographical area can present operational challenges.

Tejas Cargo IPO Market Lot

Tejas Cargo IPO has set the minimum market lot at 800 shares, requiring an application amount of ₹1,34,400. Investors must apply for at least one lot to participate in the Tejas Cargo IPO.

Tejas Cargo IPO Allotment & Listing Dates

Tejas Cargo IPO is set to open for subscription on February 14, 2025, and will close on February 18, 2025. Investors can expect the Tejas Cargo IPO allotment to be finalized on February 19, 2025, while the IPO is scheduled to be listed on the stock exchange on February 21, 2025. Stay updated with the latest details on the Tejas Cargo IPO to make informed investment decisions.

Tejas Cargo IPO: Promoters

The Tejas Cargo IPO is backed by its promoters, Chander Bindal and Manish Bindal, who play a pivotal role in driving the company’s growth and vision.

Tejas Cargo IPO Company Financial Report

Tejas Cargo IPO reported a revenue of ₹422.59 crores in 2024, showcasing strong financial performance. The company’s profit for 2024 stood at ₹13.22 crores, reflecting steady growth. Investors looking at the Tejas Cargo IPO can analyze these key financial metrics to assess its potential.

Amount ₹ in Crores

Tejas Cargo IPO Valuation – FY2024

Tejas Cargo Peer Group Comparison

Tejas Cargo IPO: Key Objectives of the Issue

The Tejas Cargo IPO aims to raise funds for multiple strategic purposes, ensuring business growth and financial stability. The key objectives of this IPO include:

• Purchase of Additional Trailers – Expansion of the company’s fleet to enhance logistics operations and efficiency.
• Meeting Working Capital Requirements – Strengthening the company’s financial position for smoother business operations.
• Repayment or Pre-payment of Borrowings – Reducing outstanding debt to improve financial health and operational flexibility.
• General Corporate Purposes – Supporting overall business expansion, strategic initiatives, and unforeseen expenditures.

Investors looking for a logistics sector IPO with growth potential should closely analyze the Tejas Cargo IPO objectives and financials before making investment decisions.

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Tejas Cargo IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

Tejas Cargo IPO Lead Managers aka Merchant Bankers

• New Berry Capitals Private Limited

Tejas Cargo Company Address

Tejas Cargo India Limited
3 rd Floor, Tower B
Vatika Mindscape 12/3 , Mathura Road, Sector-27D,
NH-2, Faridabad,, 121003
Phone: +91-129-4144812
Email: compliance.officer@tcipl.in
Website: https://www.tcipl.in

FAQs on Tejas Cargo IPO

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.