Tejas Cargo India Limited (NSE SME)
Feb 14, 2025 - Feb 18, 2025
| Price | ₹160 - ₹168 |
| Premium | ₹0 |
|---|---|
| Lot size | 800 |
| Allotment | Feb 20, 2025 |
| Listing | Feb 24, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 134400 | 2591 |
| HNI | 2 | 1600 | 268800 | 1111 |
Last updated on 18-Feb-2025 16:59:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1184800 | 1578400 | 1.33 |
| NIB | 888800 | 1268000 | 1.43 |
| RETAIL | 2072800 | 2268800 | 1.09 |
| EMPRET | 63200 | 46400 | 0.73 |
| Total | 4209600 | 5161600 | 1.23 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 2 |
| NIB | 48 |
| RETAIL | 2836 |
| EMPRET | 20 |
| Total | 2906 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 19.9 | 26.52 | 1.33 |
| NIB | 14.93 | 21.3 | 1.43 |
| RETAIL | 34.82 | 38.12 | 1.09 |
| EMPRET | 1.06 | 0.78 | 0.73 |
| Total | 70.72 | 86.71 | 1.23 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.3 | @8% ₹0.3 | @9% ₹0.4 | @10% ₹0.4 | @11% ₹0.5 | @12% ₹0.5 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.3 | @8% ₹0.4 | @9% ₹0.4 | @10% ₹0.5 | @11% ₹0.5 | @12% ₹0.6 |
Tejas Cargo IPO Details
| Issue Size | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Fresh Issue | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,92,840 shares |
| Share Holding Post Issue | 2,38,92,840 shares |
| Market Maker Portion | 3,15,200 shares |
| Market Maker | New Berry Capitals |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 |
|---|---|---|
| ROE | 14.62% | 38.62% |
| ROCE | 13.52% | 28.30% |
| RONW | 13.85% | 23.85% |
| EPS (basic) | 4.97 | 7.52 |
| P/E Pre IPO | 22.35 | |
| P/E Post IPO | 22.95 |
Company Financials In Crores
| Period Ended | Sep-24 | Mar-24 |
|---|---|---|
| Assets | 294 | 236 |
| Revenue | 255 | 423 |
| Profit After Tax | 9 | 13 |
| Net Worth | 63 | 55 |
| Reserves and Surplus | 47 | 55 |
| Total Borrowing | 206 |
About Company
Tejas Cargo India Private Limited, incorporated on March 26, 2021, is a Faridabad, Haryana-based logistics company specializing in long-haul supply chain transportation services across India. The company primarily offers Full Truck Load (FTL) express transportation solutions to diverse industries, including logistics, steel, cement, e-commerce, industrial chemicals, FMCG, and white goods sectors. As of September 30, 2024, over 61% of trips were conducted using its owned fleet, while the rest were outsourced on an ad-hoc basis. During Fiscal 2024, the company completed 98,913 trips, and for the six-month period ended September 30, 2024, it executed 58,943 trips across India, deriving over 98% of its revenue from long-haul supply chain transportation. Tejas Cargo provides technology-driven logistics services, including shipment planning, route optimization, fleet selection, tracking, documentation, communication, and performance evaluation. As of October 31, 2024, the company operates a fleet of 1,131 vehicles—218 trailers and 913 container trucks—with capacities up to 42 tonnes. Of these, 292 vehicles are debt-free, comprising 34 trailers and 258 container trucks. Four vehicles are yet to be transferred from Trans Cargo India, a sole proprietorship of promoter Manish Bindal. The fleet integrates IoT-based solutions such as Geo Fencing, Centralized Digital Locking, GPS and SIM tracking, ADAS/DSM, and AI-powered rear cameras, maintaining an average vehicle age of 2.88 years. In Fiscal 2024, Tejas Cargo transported approximately 11,94,199.50 billed tonnes with an on-time delivery rate of 78.13%, improving from 72.38% in Fiscal 2023 and 63.84% in Fiscal 2022. As of September 30, 2024, the company employs 284 personnel.
New Berry Capitals Private Limited
Advanced Technology Integration – The company leverages GPS tracking, IoT-based solutions, AI-powered cameras, and supply chain management software to enhance operational efficiency, tracking, and security.
Diverse Service Offerings – In addition to long-haul transportation, Tejas Cargo provides freight forwarding, warehousing, and distribution services, catering to a wide range of customer needs across industries.
Advanced Inventory Management – The use of automated warehousing and inventory management systems ensures streamlined logistics, optimized fleet utilization, and improved reliability in supply chain operations.
High Logistics Costs – The overall high cost of logistics in India, including transportation and warehousing expenses, can impact profitability and pricing competitiveness.
Impact of Economic Slowdown – Recession fears and weak global demand may affect export growth, indirectly impacting the logistics industry and reducing freight movement.
Rising Operational Expenses – High costs related to fuel, labor, vehicle maintenance, and regulatory compliance can put pressure on margins and affect overall financial performance.
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website:https://ipo.bigshareonline.com/IPO_Status.html