The Tejas Cargo IPO is set to open on February 14, 2025, and will close on February 18, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹105.84 crores through the IPO. This includes a fresh issue of ₹105.84 crores and an offer for sale of equity shares, each having a face value of ₹10.
The IPO price band is set between ₹160 to ₹168 per share. The allocation quota is divided as follows: Retail Investors – 35%, Qualified Institutional Buyers (QIBs) – 50%, and High Net-worth Individuals (HNIs) – 15%. The IPO is scheduled to be listed on the NSE on February 21, 2025, while the allotment date is February 19, 2025.
Financially, Tejas Cargo reported revenue of ₹422.59 crores in 2024, with a net profit of ₹13.22 crores. Based on its financial performance, investors looking for long-term growth may consider applying for the IPO.
Tejas Cargo IPO: Key Details
- IPO Open Date: February 14, 2025
- IPO Close Date: February 18, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹160 to ₹168 per share
- Total Issue Size: Approximately ₹105.84 crores
- Fresh Issue: Approximately ₹105.84 crores
- Issue Type: Book Built Issue
- Listing Exchange: NSE SME
- Retail Investor Quota: Up to 35%
- Qualified Institutional Buyers (QIB) Quota: Up to 50%
- Non-Institutional Investors (NII) Quota: Up to 15%
- Draft Red Herring Prospectus (DRHP): [Click Here]
- Red Herring Prospectus (RHP): [Click Here]
- Anchor Investors List: [Click Here]
Tejas Cargo IPO Market Lot Details
The minimum market lot for the Tejas Cargo IPO is 800 shares, requiring an application amount of ₹1,34,400.
| Category | Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 800 shares | ₹1,34,400 |
| Retail Maximum | 1 lot | 800 shares | ₹1,34,400 |
| S-HNI Minimum | 2 lots | 1,600 shares | ₹2,68,800 |
Tejas Cargo IPO Schedule
The Tejas Cargo IPO is set to open on February 14, 2025, and will close on February 18, 2025. The basis of allotment will be finalized on February 19, 2025, with refunds processed on February 20, 2025. The shares will be credited to Demat accounts on February 20, 2025, and the IPO is scheduled to list on the NSE SME on February 21, 2025.
Key Dates:
- IPO Open Date: February 14, 2025
- IPO Close Date: February 18, 2025
- Basis of Allotment: February 19, 2025
- Refund Initiation: February 20, 2025
- Shares Credited to Demat: February 20, 2025
- IPO Listing Date: February 21, 2025
Promoters of Tejas Cargo IPO
- The promoters behind Tejas Cargo IPO are Chander Bindal and Manish Bindal.
Tejas Cargo IPO Company Financial Report
Tejas Cargo reported a revenue of ₹422.59 crores and a profit of ₹13.22 crores in 2024.
Financial Summary (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 (Standalone) | ₹209.60 | ₹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
Here are the key valuation details for Tejas Cargo IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 38.62% |
| Return on Capital Employed (ROCE) | 28.30% |
| EBITDA Margin | 16.46% |
| Profit After Tax (PAT) Margin | 3.13% |
| Debt to Equity Ratio | 2.91 |
| Earnings Per Share (EPS) | ₹7.52 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 23.85% |
| Net Asset Value (NAV) | ₹2,269.21 |
Peer Group Comparison
Here’s a comparison of Tejas Cargo with its peer group based on key financial metrics:
| Company | EPS | P/E 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
The funds raised through the issue will be used for the following purposes:
- Acquisition of additional trailers for the company
- Meeting working capital requirements
- Repayment and/or pre-payment, in whole or in part, of certain borrowings
- General corporate purposes
Tejas Cargo IPO Review
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Tejas Cargo IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers)
- New Berry Capitals Private Limited
Company Address
- Tejas Cargo India Limited
- 3rd 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: www.tcipl.in
Tejas Cargo IPO FAQs
What is Tejas Cargo IPO?
Tejas Cargo IPO is an SME IPO where the company plans to raise ₹105.84 Crores. The issue price is set between ₹160 and ₹168 per equity share, and the IPO will be listed on NSE.
When will Tejas Cargo IPO open for subscription?
The IPO will open on February 14, 2025, for QIB, NII, and Retail Investors, and will close on February 18, 2025.
What is Tejas Cargo IPO Investors’ Portion?
The investor portion allocation is as follows:
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 35%
How to Apply for Tejas Cargo IPO?
You can apply for the Tejas Cargo IPO through ASBA (Application Supported by Blocked Amount) online via your bank account or through UPI via your stock broker. Alternatively, you can apply offline by filling out the form with your stock broker.
What is Tejas Cargo IPO Issue Size?
The issue size of Tejas Cargo IPO is ₹105.84 Crores.
What is the Tejas Cargo IPO Price Band?
The price band for Tejas Cargo IPO is ₹160 to ₹168 per equity share.
What is the Tejas Cargo IPO Lot Size?
The minimum bid is for 800 shares, amounting to ₹1,34,400.
What is the Tejas Cargo IPO Allotment Date?
The IPO allotment date is February 19, 2025.
What is the Tejas Cargo IPO Listing Date?
The IPO will be listed on February 21, 2025.
