Tejas Cargo SME IPO Subscription Status
Tejas Cargo SME IPO closed on 18 February 2025 with an overall subscription of 1.15x based on shares applied. QIB demand came in at 1.33x, NII at 1.07x, and retail at 1.09x.
Allotment will be finalised on 19 February 2025. The stock is scheduled to list on NSE and BSE on 24 February 2025.
Issue Price
Rs 168.00
GMP Today
-
Overall Subscription
1.15x
Issue Size
₹105.84 Cr
Allotment Date
19 Feb 2025
Listing Date
24 Feb 2025
Tejas Cargo SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 168.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 19.90 Cr | Rs 26.52 Cr | 1.33x |
| NII | Rs 14.93 Cr | Rs 16.01 Cr | 1.07x |
| IND | Rs 34.82 Cr | Rs 38.12 Cr | 1.09x |
| Total | Rs 69.66 Cr | Rs 80.64 Cr | 1.16x |
Tejas Cargo SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 11,84,800 | 15,78,400 | 1.33x |
| NII | 8,88,800 | 9,52,800 | 1.07x |
| IND | 20,72,800 | 22,68,800 | 1.09x |
| Total | 41,46,400 | 48,00,000 | 1.16x |
What Do These Subscription Numbers Mean?
A subscription of 1.15x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.33x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.33x, it reflects serious institutional conviction.
NII at 1.07x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 1.09x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Tejas Cargo SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 1.09x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Tejas Cargo SME IPO Allotment Status page from 19 February 2025 for your allotment result.
Tejas Cargo SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 14 Feb 2025 | 0.35x | 0.03x | 0.42x | 0.32x |
| Day 2 - 17 Feb 2025 | 1.26x | 0.08x | 0.67x | 0.71x |
| Day 3 - 18 Feb 2025 | 1.33x | 1.07x | 1.09x | 1.15x |
Tejas Cargo SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 14 February 2025 |
| IPO Close Date | 18 February 2025 |
| Allotment Date | 19 February 2025 |
| Refund Initiation | 20 February 2025 |
| Share Credit to Demat | 20 February 2025 |
| Listing Date | 24 February 2025 |
| Minimum Investment | Rs 2,68,800.00 |
| Lot Size | 800 shares |
About Tejas Cargo SME
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana. It offers road transportation services across India, specializing in Full Truck Load (FTL) deliveries. The company serves various industries, including logistics, steel, e-commerce, FMCG, and white goods.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Tejas Cargo SME IPO Subscription FAQs
What is Tejas Cargo SME IPO subscription status today?
Tejas Cargo SME IPO subscription closed on 18 February 2025 with overall subscription of 1.15x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 1.33x, NII 1.07x, IND 1.09x.
What is the overall subscription of Tejas Cargo SME IPO?
Tejas Cargo SME IPO is subscribed 1.15x overall by shares at close on 18 February 2025. QIB 1.33x, NII 1.07x, and IND 1.09x.
What is Tejas Cargo SME IPO QIB subscription?
Tejas Cargo SME IPO QIB (Qualified Institutional Buyers) subscription is 1.33x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Tejas Cargo SME IPO IND subscription?
Tejas Cargo SME IPO IND subscription is 1.09x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Tejas Cargo SME IPO NII subscription?
Tejas Cargo SME IPO NII (Non-Institutional Investors) subscription is 1.07x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Tejas Cargo SME IPO for retail?
Tejas Cargo SME IPO retail share subscription is 1.09x. Application-wise data is needed for accurate lottery odds.
When is Tejas Cargo SME IPO allotment date?
Tejas Cargo SME IPO allotment date is 19 February 2025. Check Tejas Cargo SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Tejas Cargo SME IPO subscription close?
Tejas Cargo SME IPO subscription closed on 18 February 2025. No new applications are accepted after the close.
What is Tejas Cargo SME IPO GMP today?
GMP for Tejas Cargo SME IPO is not available yet. Track Tejas Cargo SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Tejas Cargo SME IPO issue price and lot size?
Tejas Cargo SME IPO issue price is ₹168 per share. Lot size is 800 shares. Minimum investment is ₹2,68,800 per lot (minimum 2 lots for SME). Issue size: ₹105.84 Cr.
When is Tejas Cargo SME IPO listing date?
Tejas Cargo SME IPO listing date is 24 February 2025 on NSE and BSE. Allotment is on 19 February 2025.
How does subscription affect Tejas Cargo SME IPO allotment?
Allotment odds in Tejas Cargo SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.15x overall, competition is moderate.
For allotment results from 19 February 2025, visit the Tejas Cargo SME IPO Allotment Status page. For listing day updates on 24 February 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.