Tejas Cargo IPO

About Tejas Cargo IPO

Tejas Cargo IPO is set to raise ₹105.84 crore through a book-built issue, consisting entirely of a fresh issue of 63 lakh shares. The IPO opens for subscription on February 14, 2025, and closes on February 18, 2025. The allotment is expected to be finalised on February 19, 2025, with the tentative listing date scheduled for February 21, 2025, on NSE SME.

The price band for the IPO is set between ₹160 and ₹168 per share. Retail investors can apply with a minimum lot size of 800 shares, requiring an investment of ₹1,28,000. To avoid the risk of oversubscription, bidding at the cutoff price is recommended, which amounts to ₹1,34,400. High Net-Worth Individuals (HNIs) must apply for at least two lots, which equals 1,600 shares, amounting to ₹2,68,800.

New Berry Capitals Private Limited is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is the registrar. New Berry Capitals Private Limited is also the market maker for the issue. For complete details, referring to the Tejas Cargo IPO RHP is advised.

Industry Outlook

1. The Indian logistics market has grown from ₹763.9 billion in CY19 to ₹1,557.3 billion in CY23 at a CAGR of 19.5%. With an expected CAGR of 13.2%, the industry is projected to reach ₹3,278.2 billion by CY29. This expansion is driven by increasing manufacturing activity, healthcare logistics, and the booming e-commerce sector, creating strong demand for efficient logistics services.
2. Road transport accounts for over 70% of freight movement in India, with around 1.5 million trucks operating nationwide and growing by 10% annually. Given this dependency on trucks, logistics firms specialising in road freight stand to benefit from rising transport demand, especially with growing rural consumption and last-mile delivery needs.

Tejas Cargo IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funds will be used to purchase additional trailers, enhancing transportation capacity and efficiency.
2. Proceeds will help meet daily operational expenses, ensuring smooth business operations.
3. A portion of the funds will be used to repay or prepay existing borrowings, improving financial stability.
4. The remaining funds will be used for general corporate purposes.

About Tejas Cargo India Limited 

Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana, specialising in long-haul supply chain transportation services across India. The company operates under the Full Truck Load (FTL) model, catering to industries such as logistics, steel, cement, e-commerce, industrial chemicals, FMCG, and white goods. As of September 30, 2024, over 61% of trips were carried out using an owned fleet, while the rest were managed through hired vehicles.

With a strong technological focus, the company integrates IoT-enabled solutions such as GPS tracking, centralised digital locking, and AI-powered rear camera technology to enhance operational efficiency. In Fiscal 2024, Tejas Cargo India Limited completed 98,913 trips, transporting approximately 11.94 million tonnes of goods across India, achieving an on-time delivery rate of 78.30% for the first half of the year.

As of October 31, 2024, the fleet size stands at 1,131 vehicles, including 218 trailers and 913 container trucks, with an average vehicle age of 2.88 years. The company operates through 23 branches nationwide, 9 of which also offer fleet maintenance and repair services. A dedicated maintenance facility in Gurugram, Haryana, ensures fleet upkeep, while a captive fuel station in Rewari, Haryana, helps optimize fuel costs.

Founded by Manish Bindal, the company has expanded significantly, leveraging its industry expertise to build strong client relationships. With the rapid growth of India’s third-party logistics sector, Tejas Cargo India Limited is well-positioned to capitalise on emerging opportunities and strengthen its market presence. 

How To Check the Allotment Status of Tejas Cargo IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Tejas Cargo IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Tejas Cargo IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Tejas Cargo India Limited 

Registered office: 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

Tejas Cargo IPO Category Reservation

Tejas Cargo IPO Lot Size

Tejas Cargo IPO Promoter Holding

Chander Bindal and Manish Bindal are the promoters of the company.

Key Performance Indicators for Tejas Cargo IPO

As of March 31, 2024, the market capitalisation of Tejas Cargo's IPO is ₹401.40 crore. Here are the KPIs of Tejas Cargo:

Price Metrics

Note: Pre-IPO EPS is based on pre-issue shareholding as per RHP and FY earnings as of March 31, 2024. Post-Issue EPS is based on post-issue shareholding and annualised FY earnings as of September 30, 2024, as per RHP.

Tejas Cargo IPO Prospectus

• Tejas Cargo IPO RHP
• Tejas Cargo IPO DRHP

Tejas Cargo IPO Registrar and Lead Managers

Tejas Cargo IPO Lead Managers

• New Berry Capitals Private Limited

Registrar for Tejas Cargo IPO

Bigshare Services Pvt Ltd

• Contact Number:+91-22-6263 8200
• Email Address: ipo@bigshareonline.com

Tejas CargoIPO Registrar