Tejas Cargo IPO Details
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: | Approx ₹105.84 Crores |
Fresh Issue: | Approx ₹105.84 Crores |
Issue Type: | Book Built Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Tejas Cargo IPO Market Lot
The Tejas Cargo IPO minimum market lot is 800 shares with ₹1,34,400 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 800 | ₹1,34,400 |
Retail Maximum | 1 | 800 | ₹1,34,400 |
S-HNI Minimum | 2 | 1,600 | ₹2,68,800 |
Tejas Cargo IPO Dates
The Tejas Cargo IPO date is February 14 and the close date is February 18. The Tejas Cargo IPO allotment will be finalized on February 19 and the IPO listing on February 24.
IPO Open Date: | February 14, 2025 |
IPO Close Date: | February 18, 2025 |
Basis of Allotment: | February 19, 2025 |
Refunds: | February 20, 2025 |
Credit to Demat Account: | February 20, 2025 |
IPO Listing Date: | February 24, 2025 |
Promoters of Tejas Cargo IPO
The promoters of the company are Chander Bindal and Manish Bindal
About Tejas Cargo IPO
In today’s era, getting fast transportation services is crucial, Tejas Cargo India is a logistics company, that specializes in transporting goods over long distances by road throughout India as part of the supply chain process and is nestled in Faridabad, Haryana. With the help of Full Truck Load, they are providing fast transportation services and they are top-notch. Moreover, their fast services are unlimited as logistics, FMCG, white goods, steel, cement, e-commerce, and chemicals. Nowadays they have direct control over fleet maintenance and operations. Significantly, GPS tracking, automated warehousing, supply chain management software, Global Reach, and Flexibility to serve numerous industries are the strengths of this company. Financially, in FY 2024, company revenue is ₹ 12,521.19 Lakhs, EBITDA of ₹ 2,268.81 Lakhs, and PAT of ₹ 445.70 Lakhs.
Tejas Cargo IPO Company Financial Report
The company reported revenue of ₹422.59 crores in 2024. The company reported profit of ₹13.22 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 (Standalone) | ₹209.6 | ₹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 – FY2024
Check Tejas Cargo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 38.62% |
ROCE: | 28.30% |
EBITDA Margin: | 16.46% |
PAT Margin: | 3.13% |
Debt to equity ratio: | 2.91 |
Earning Per Share (EPS): | ₹7.52 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 23.85% |
Net Asset Value (NAV): | ₹2,269.21 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
AVG Logistics Limited | 26.66 | 11.64 | 12.65 | 136.3 | 479.89 Cr. |
RITCO Logistics Limited | 13.22 | 27.33 | 17.80 | 73.98 | 933.30 Cr. |
Objects of the Issue
- Purchase of additional trailers for the Company;
- To meet working capital requirements;
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company; and
- General Corporate Purposes;
Tejas Cargo IPO Review
- IPO Watch – Avoid
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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
IPO Lead Managers aka Merchant Bankers
- New Berry Capitals Private Limited
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
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Note: The Tejas Cargo IPO price band and date are officially announced. The (Tejas Cargo IPO grey market premium) will be added to the IPO GMP page as it will start).