Tejas Cargo India Limited IPO is opening for subscription on 14 February 2025 and will run until 18 February 2025. This is an SME IPO that is raising ₹105.84 crore through a fresh issue of 63 lakh equity shares.
The Tejas Cargo IPO allotment date will be finalized on Wednesday, 19 February 2025. Tejas Cargo shares will probably be listed on NSE SME on Monday, 24 February 2025.
Tejas Cargo IPO has set the price band between ₹160 and ₹168 per share where the minimum number of shares or the lot size is 800, indicating the minimum investment requirement for retail investors as ₹1,28,000. However, they are suggested to bid at the higher side to avoid oversubscription rush. In that scenario, the minimum investment would be ₹1,34,400. The minimum lot size and investment amount for the HNIs is 2 lots, which amounts to a minimum investment of ₹2,68,800.
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Tejas Cargo India Limited NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 14, 2025 |
| IPO Closing Date | February 18, 2025 |
| Tentative IPO Listing Date | February 24, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹160 to ₹168 per share |
| Lot Size | 800 shares |
| Total Issue Size | 63,00,000 Shares (₹105.84 Cr) |
| Fresh Issue | 63,00,000 Shares (₹105.84 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Minimum Order Quantity | 800 Equity Shares |
| Maximum Subscription Amount for Retail Investor | “Rs. 2,00,000” |
| Maximum Subscription Amount for Eligible Employee | “Rs. 5,00,000” |
Tejas Cargo India Limited: Company Overview
Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana. Founded in March 2021, it provides road transportation services across India, mainly under Full Truck Load (FTL). The company serves industries like logistics, steel, e-commerce, FMCG, and white goods.
As of October 31, 2024, Tejas Cargo operates a fleet of 1,131 vehicles, including 913 container trucks and 218 trailers. The company has completed over 98,913 trips in Fiscal 2024 and runs 23 branches for loading and unloading. It has 284 employees as of September 30, 2024.
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Tejas Cargo India Limited IPO | Key Details
- Tejas Cargo IPO Opening Date: February 14, 2025
- Tejas Cargo IPO Closing Date: February 18, 2025
- Tejas Cargo India Limited IPO Allotment Date: February 19, 2025
- Tejas Cargo India Limited IPO Price Band: ₹160 to ₹168 per share
- Tejas Cargo India Limited IPO Lot Size: 800 shares
- Tejas Cargo India Limited IPO Refunds Initiated: February 20, 2025
- Shares Credited to Demat: February 20, 2025
- Tejas Cargo India Limited IPO Listing Date: February 24, 2025
- Tejas Cargo India Limited IPO GMP is ₹0, as of Feb 13th 2025 04:59 PM
Tejas Cargo India Ltd: Financial Overview
This table shows the financial performance of a company for the years ending March 31, 2023, and March 31, 2022. It highlights key details like total assets, revenue, profit after tax, net worth, and reserves. The company has grown significantly, with higher revenue, profit, and assets in 2023 compared to 2022.
Amounts in ₹ Crore
| Particulars | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 116.42 | 63.57 |
| Revenue | 384.37 | 209.67 |
| Profit After Tax | 9.86 | 3.16 |
| Net Worth | 13.02 | 2.94 |
| Reserves and Surplus | 13.01 | 3.16 |
Tejas Cargo India Ltd IPO | FAQs
Tejas Cargo India Ltd is a logistics company specializing in freight transportation, warehousing, and supply chain solutions.
The tentative IPO listing date of Tejas Cargo has been fixed as Monday, February 24, 2025.
The bidding date for the Tejas Cargo IPO is February 14, 2025, and it will continue until February 18, 2025.
The minimum IPO lot size for Tejas Cargo is 800 shares and for HNIs, it is 2 lots.
The IPO allotment is expected to be finalized on Wednesday, February 19, 2025.
The Tejas Cargo India Limited IPO face value is set at ₹10 per share.
The Tejas Cargo IPO consists of a fresh issue of up to 63,00,000 equity shares, including a Market Maker portion of 3,15,200 shares. The price range for the IPO is set between ₹160 and ₹168 per equity share.
The minimum investment for retail investors is 800 equity shares.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.