Tejas Cargo SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹160.00-168.00
Issue Size
₹105.84 Cr
Lot Size
800 shares
IPO Type
NSE SME
GMP
-
Est. Listing Price
₹168
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
7.32
P/E Ratio
22.95
RoNW
23.85%
ROE
38.62%
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Timeline
IPO Opens
14 Feb
IPO Closes
18 Feb
Allotment
19 Feb
Listing
24 Feb
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 14 February 2025 | Subscription starts |
| IPO Close Date | 18 February 2025 | Subscription ends |
| Allotment Date | 19 February 2025 | Allotment |
| Listing Date | 24 February 2025 | Listing |
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.
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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 |
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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
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