Tejas Cargo IPO GMP Today, Date, Price, Subscription Status 

Tejas Cargo IPO Overview

New Berry Capitals Private Limited is the book-running  lead manager of the Tejas Cargo IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Tejas Cargo IPO is New Berry Capitals Private Limited.

Refer to  Tejas Cargo IPO RHP for detailed information.

Tejas Cargo IPO Important dates

Tejas Cargo IPO opens on February 14, 2025, and closes on February 18, 2025.

IPO Open Date	Fri, Feb 14, 2025
IPO Close Date	Tue, Feb 18, 2025
Tentative Allotment	Wed, Feb 19, 2025
Initiation of Refunds	Thu, Feb 20, 2025
Credit of Shares to Demat	Thu, Feb 20, 2025
Tentative Listing Date	Fri, Feb 21, 2025
Cut-off time for UPI mandate confirmation	5 PM on February 18, 2025

Tejas Cargo IPO Financial Performance

Tejas Cargo IPO Key Performance Indicator

The market capitalization of Tejas Cargo IPO is Rs 401.40 Cr.

KPI as of Mon, Mar 31, 2025.

Tejas Cargo IPO Objectives

The company intend to utilize the proceeds of the Issue to meet the following objects:

1. Purchase of additional trailers for the Company;
2. To meet working capital requirements;
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company; and
4. General Corporate Purposes;

Tejas Cargo IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹1,34,400
Retail (Max)	1	800	₹1,34,400
HNI (Min)	2	1,600	₹2,68,800
Lot Size Calculator

Tejas Cargo IPO Details

IPO Date	February 14, 2025 to February 18, 2025
Listing Date	[.]
Face Value	₹10 per share
Issue Price Band	₹160 to ₹168 per share
Lot Size	800 Shares
Total 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 New Berry Capitals Private Limited

Tejas Cargo IPO Company Overview and Services

Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.

The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.

As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.

As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.

As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.

The company operates nationwide through twenty-three branches for placements, loading, and unloading.

The company has a workforce of 284 employees as of September 30, 2024.

Competitive Strength

• In-House Maintenance and Direct Procurement
• Leveraging modern technology to operate and monitor its fleet.
• Heavy Asset Ownership Model
• Diversified client base and revenue sources
• Experienced and motivated management team
• Track record of growth and robust financial position.

Tejas Cargo IPO SWOT Analysis

Strengths:

• Established Network: Tejas Cargo has a pan-India presence with a network of branches and an in-house maintenance facility.
• Technology-enabled: The company uses IoT-based solutions for fleet tracking and optimization, which can improve efficiency and reduce costs.
• Heavy Asset Ownership: Owning a significant portion of their fleet can provide more control over operations and potentially better revenue generation.
• Diversified Client Base: Serving various sectors like logistics, steel, e-commerce, and FMCG can reduce reliance on any single industry.
• Experienced Management: A skilled management team can be crucial for navigating the logistics industry’s challenges.

Weaknesses:

• Dependence on Road Transportation: The company primarily focuses on road transportation, making it susceptible to fluctuations in fuel prices and road infrastructure conditions.
• Competition: The logistics sector is highly competitive, with both established players and new entrants.
• Financial Performance: Analyzing the company’s financial statements is crucial to identify any potential weaknesses in profitability, debt levels, or cash flow.

Opportunities:

• Growing 3PL Market: The Indian third-party logistics market is expanding due to the rise in e-commerce and increasing demand for efficient supply chain solutions.
• Government Initiatives: Policies like GST and the National Logistics Policy can create a favorable environment for 3PL providers.
• Expansion: The IPO proceeds can be used to expand the fleet, enhance technology, or enter new markets.

Threats:

• Economic Downturn: Economic slowdowns can impact demand for logistics services.
• Infrastructure Challenges: Poor road infrastructure and traffic congestion can hinder operations and increase costs.
• Regulatory Changes: Changes in government regulations or policies can affect the logistics industry.
• Fuel Price Volatility: Fluctuations in fuel prices can significantly impact operating costs.

Additional Considerations:

• IPO Objectives: Understanding how Tejas Cargo plans to use the IPO proceeds is essential for evaluating its growth prospects.
• Industry Trends: Keeping track of emerging trends like automation, digitalization, and sustainable logistics practices can provide insights into the company’s future direction.
• Risk Factors: Analyzing the risk factors outlined in the IPO prospectus can help potential investors assess the challenges and uncertainties associated with the investment.

Tejas Cargo IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Tejas Cargo IPO Subscription Status

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Tejas Cargo IPO Allotment status 

Tejas Cargo IPO allotment is expected on Wednesday, February 19, 2025.

Tejas Cargo IPO allotment status is not available at this time. Tejas Cargo IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Tejas Cargo India Limited IPO allotment status.

Tejas Cargo IPO Contact Details

Tejas Cargo India Limited
3 rd 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: https://www.tcipl.in/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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