Tejas Cargo IPO description – Tejas Cargo India is a logistics company based in Faridabad, Haryana, offering long-haul supply chain transportation services by road across India. The company provides express supply chain transportation services under Full Truck Load (FTL) to a diverse range of industries, including logistics, steel and cement, e-commerce, industrial and chemicals, FMCG, and white goods sectors. As of 30 September 2024, Tejas Cargo India had conducted more than 61% of its trips using its fleet, with the remaining trips being carried out through fleets hired on an ad-hoc basis from the open market.
Tejas Cargo completed over 98,913 trips during Fiscal 2024 and 58,943 trips for the six months ended 30 September 2024, on a pan-India basis. The company derives more than 98% of its revenue from providing long-haul supply chain transportation services. Its services include shipment planning, route optimization, fleet selection, documentation, tracking, communication, and coordination, as well as performance evaluation.
As of 31 October 2024, Tejas Cargo India has a fleet size of 1,131 vehicles, consisting of 218 trailers and 913 container trucks, with dimensions ranging from 32 feet to 40 feet and a tonnage capacity of up to 42 tonnes. Out of the total fleet, 292 vehicles are debt-free, including 34 trailers and 258 container trucks. During Fiscal 2024, the company transported approximately 11,94,199.50 tonnes (billed) across India.
Promoters of Tejas Cargo India – Chander Bindal, and Manish Bindal
Table of Contents
Tejas Cargo India IPO Details
| Tejas Cargo IPO Dates | 14 – 18 February 2025 |
| Tejas Cargo Issue Price | INR 160 – 168 per share |
| Fresh issue | 63,00,000 shares (INR 100.80 – 105.84 crore) |
| Offer For Sale | NIL |
| Total IPO size | 63,00,000 shares (INR 100.80 – 105.84 crore) |
| Minimum bid (lot size) | 800 shares (INR 1,34,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Tejas Cargo Financial Performance
| FY 2022* | FY 2023* | FY 2024 | H1 FY 2025 | |
| Revenue | 209.29 | 381.79 | 419.33 | 252.61 |
| Expenses | 205.45 | 370.85 | 405.20 | 243.41 |
| Net income | 3.16 | 9.86 | 13.22 | 8.75 |
*All Standalone Data
Tejas Cargo Offer News
- Tejas Cargo RHP
- Tejas Cargo Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Tejas Cargo Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.79 | 5.60 | 7.52 |
| PE ratio | – | – | 21.28 – 22.34 |
| RONW (%) | 107.19 | 75.70 | 23.85 |
| NAV | 1.67 | 7.40 | 31.52 |
| ROCE (%) | 24.80 | 44.50 | 28.30 |
| EBITDA (%) | 4.00 | 8.60 | 16.46 |
| Debt/Equity | 10.57 | 6.40 | 2.91 |
Tejas Cargo IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Tejas Cargo IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 11,84,800 | 8,88,800 | 20,72,800 | 63,200 | 42,09,600 |
| 18 Feb 2025 | 1.33 | 1.43 | 1.09 | 0.73 | 1.23 |
| 17 Feb 2025 | 1.26 | 0.43 | 0.66 | 0.72 | 0.78 |
| 14 Feb 2025 | 0.35 | 0.03 | 0.41 | 0.30 | 0.31 |
The market maker reservation portion of 3,15,200 shares and anchor investor portion of 17,75,200 shares are not included in the above calculations.
Tejas Cargo IPO Allotment Status
Tejas Cargo IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Tejas Cargo IPO Dates & Listing Performance
| IPO Opening Date | 14 February 2025 |
| IPO Closing Date | 18 February 2025 |
| Finalization of Basis of Allotment | 20 February 2025 |
| Initiation of refunds | 20 February 2025 |
| Transfer of shares to demat accounts | 21 February 2025 |
| IPO Listing Date | 24 February 2025 |
| Opening Price on NSE SME | INR 175 per share (up 4.17%) |
| Closing Price on NSE SME | INR 168 per share (no change) |
Tejas Cargo Offer Lead Manager
NEW BERRY CAPITALS PRIVATE LIMITED
A-602, Marathon NextGen Innova, Level 6,
Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013
Phone: +91-2248818442
Email: project.radiance@newberry.in
Website: www.newberry.in
Tejas Cargo Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Tejas Cargo Contact Details
TEJAS CARGO INDIA LIMITED
3rd Floor, Tower B, Vatika Mindscape 12/3,
Mathura Road, Sector-27D, NH-2,
Faridabad, Haryana, India, 121003
Phone: +91-129-4144812
E-mail: compliance.officer@tcipl.in
Website: www.tcipl.in
IPO FAQs
What is the Tejas Cargo offer size?
Tejas Cargo offer size is INR 100.80 – 105.84 crores.
What is the Tejas Cargo offer price band?
Tejas Cargo public offer price is INR 160 – 168 per share.
What is the lot size of the Tejas Cargo IPO?
Tejas Cargo offer lot size is 800 shares.
What is Tejas Cargo IPO GMP today?
Tejas Cargo IPO GMP today is INR NA per share.
What is the Tejas Cargo kostak rate today?
Tejas Cargo kostak rate today is INR NA per application.
What is Tejas Cargo IPO Subject to Sauda rate today?
Tejas Cargo Subject to Sauda rate today is INR NA per application.