Tejas Cargo SME IPO
ListedNSE SMEOpens 14 February 2025Closes 18 February 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
14 Feb 2025
IPO Closes
18 Feb 2025
Allotment
19 Feb 2025
Listing
24 Feb 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 14 February 2025 |
| IPO Close Date | 18 February 2025 |
| Allotment Date | 19 February 2025 |
| Listing Date | 24 February 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,68,800 |
SHNI (Min) | 3 | ₹4,03,200 |
SHNI (Max) | 7 | ₹9,40,800 |
BHNIAbove ₹10,00,000 | 8 | ₹10,75,200 |
IPO Objectives
- Purchase of additional trailers for the Company
- To meet working capital requirements
- General Corporate Purposes
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
Strengths
- Owns a large fleet of 1,131 vehicles for transportation across India.
- Uses advanced technology for tracking and managing deliveries efficiently.
- Serves various industries, reducing reliance on a single sector.
- Strong financial stability with consistent growth over the years.
- Led by an experienced management team ensuring smooth operations.
Weaknesses
- Requires high capital for maintaining and expanding the vehicle fleet.
- Fuel price changes can significantly impact operating costs.
- Faces strong competition from other logistics companies.
- Economic downturns can reduce transportation demand.
- Limited international reach, restricting global growth opportunities.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets (₹ Cr.) | 294.29 | 236 |
| Revenue (₹ Cr.) | 255.09 | 422.59 |
| PAT (₹ Cr.) | 8.75 | 13.22 |
| Net Worth (₹ Cr.) | 63.16 | 55.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Tejas Cargo India Limited | 0.07 | 22.95 | 38.62% | 63.16 |
| AVG Logistics Limited | 1.71 | 10.7 | 12.59% | 200 |
| Ritco Logistics Ltd | 3.1 | 23.72 | 12.3% | 183 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.35x | 1.26x | 1.33x |
| NII | 0.03x | 0.08x | 1.07x |
| RII | 0.42x | 0.67x | 1.09x |
| Total | 0.32x | 0.71x | 1.15x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 11,84,800 | 15,78,400 | 26.52 |
| NII | 8,88,800 | 9,52,800 | 16.01 |
| RII | 20,72,800 | 22,68,800 | 38.12 |
| Total | 42,09,600 | 48,46,400 | 81.42 |
Company Details
- Tejas Cargo India Limited
- 3 rd Floor, Tower B Vatika Mindscape 12/3 , Mathura Road, Sector-27D, NH-2, Faridabad,, 121003
- +91-129-4144812
- compliance.officer@tcipl.in
- https://www.tcipl.in/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/ipo_status.html
Frequently Asked Questions
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Sources
We match Tejas Cargo SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.