Tejas Cargo Services IPO subscribed overall 1.15 times on the last day, while A retail quota was subscribed 1.09 times, QIB was subscribed 1.33 times, and NII quota subscribed 1.07 times respectively.
Tejas Cargo Details
Tejas Cargo received approval from SEBI for an IPO worth ₹105.84 crores.
Tejas Cargo IPO has a fresh issue of Rs ₹105.84 with a Face value of Rs 10 for each share. This IPO’s main aim is to enhance its financial background and reputation in the market.
Moreover, the company has set up a price band is ₹160 to ₹168 per share.
In Tejas Cargo IPO, a total of 800 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category also, while S-HNI (Min) had a total of 1,600 shares in 2 lot sizes.
To invest in Tejas Cargo IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,34,400 and maximum.
- Small HNI (S-HNI): Minimum investment of ₹2,68,800.
Tejas Cargo IPO Subscription Duration
The Tejas Cargo IPO subscription started was February 14, 2025, and the closing date was February 18, 2025. The Tejas Cargo IPO allotment was finalized on February 19, 2025, and the IPO listing is on February 21, 2025.
Tejas Cargo IPO Funds Deployment
The company plans to use the money raised from the new shares for the following purposes:
- IPO proceeds would be used for the Purchase of additional trailers for the Company.
- Some of the money will be allocated for working capital requirements.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company will also completed by IPO proceed.
- General Corporate Purposes
About Tejas Cargo IPO
Initially, in this generation, transportation services are one of the major concerns, especially fast transportation helps humankind to have good journeys, however, Tejas Cargo is one of the top firms in terms of providing quick transportation to people, nestled in Faridabad Haryana.
Full Truck Load offers rapid transportation services that are of the highest quality. Their fast services are extensive, covering sectors such as logistics, FMCG, white goods, steel, cement, e-commerce, and chemicals.
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 Financial Background
The company reported revenue of ₹422.59 crores in 2024. The company reported profit of ₹13.22 crores in 2024.
