Tejas Cargo IPO GMP Live, Open Date, Close Date, Price Band

Tejas Cargo IPO open date is February 14, 2025 and closing date is February 18, 2025. This new IPO is a book-built issue worth up to Rs 105.84 crores. This upcoming IPO is offering entirely a fresh issue of 63 lakh equity shares; there are no offers for sale part included in this IPO. 

Tejas Cargo IPO price band is Rs 160 to Rs 168 per share. As of now, Tejas Cargo IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

Tejas Cargo IPO lot size is 800 shares, and the allotment status will be finalised on Wednesday, February 19, 2025, the minimum investment for retail investors is 1 lot, which is Rs 1,34,400. The registrar for Tejas Cargo IPO is Bigshare Services Private Limited. The listing date is Friday, February 21, 2025.

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Tejas Cargo IPO GMP Live

Tejas Cargo IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 168 per share. You can check the latest IPO Grey Market Premium today online.

If the subscription is oversubscribed, then Tejas Cargo IPO GMP might rise in the coming days. Tejas Cargo IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% to 15% or above, then the possibility of the oversubscription increases.

However, if the Live IPO GMP quotes are below 10% premium, then most investors tend to lose interest in applying for the IPO and the probability of the under-subscription increases. Here, in the Tejas Cargo IPO, GMP is expected to quote the initial ticks at a premium of 10% or above.

Tejas Cargo IPO Price Band

Tejas Cargo IPO price band is Rs 160 to Rs 168 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,34,400 (168 x 800 shares). However, for the HNI category, the minimum investment amount required is 2,68,800 (168 x 1600 shares).

Tejas Cargo Allotment Status

Tejas Cargo IPO Allotment status will be available on its registrar Bigshare Services Private Limited website on Wednesday, February 19, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

Tejas Cargo Listing Date

Tejas Cargo IPO listing date has been decided on Friday, February 21, 2025. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Tejas Cargo IPO: Listing Date, Lot Size, Issue Size, Price Band

Tejas Cargo India IPO: About the Company

Tejas Cargo India Limited (TCIL), established in March 2021, is an Indian non-government public limited company focused on providing long-haul supply chain transportation services by road throughout India. Headquartered in Faridabad, Haryana, the company serves a wide array of industries, including logistics, steel, cement, e-commerce, and FMCG.

TCIL manages a fleet of 1,131 vehicles, including trailers and container trucks, equipped with IoT-based solutions like GPS tracking and AI-powered rear cameras. The company prioritizes minimal aggregation and maintains full operational control to ensure cost-effective solutions for its clients. By focusing on technology and direct management, Tejas Cargo India aims to deliver reliable and efficient transportation services across the country.

Tejas Cargo IPO Objectives

Tejas Cargo IPO objectives include utilising the funding received from the fresh issue into funding towards purchase of additional trailers of the company, to meet working capital requirements, repayment or pre-payment, in full or part of certain borrowings availed by the company and to meet general corporate purposes.

Tejas Cargo IPO: Key Dates, Allotment, Listing Date

Tejas Cargo IPO Subscription status, IPO Reservation

Tejas Cargo IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

Tejas Cargo IPO Lot Size Details

Tejas Cargo IPO lot size is set at 800 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,34,400 (168 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 (168 x 1600 shares).

Tejas Cargo IPO Promoter Holdings

Tejas Cargo IPO promoters are Chander Bindal and Manish Bindal. The promoter's combined shareholdings before the IPO was 100%; however, post-IPO, their shareholdings will decline.

Tejas Cargo India Limited Financials (Amt in Rs Cr)

Lead Manager and Registrar of Tejas Cargo IPO

Tejas Cargo's lead manager is New Berry Capitals Private Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to the Tejas Cargo IPO

Interested investors who want to apply to the Tejas Cargo IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

Tejas Cargo IPO FAQs

1. What are the core details available of the Tejas Cargo IPO?

Tejas Cargo IPO is a book buit issue worth up to Rs 105.84 crores. The price band for this IPO is Rs 160 – Rs 168 per share. This upcoming IPO is offering entirely a fresh issue of up to 63 lakh equity shares.

2. What is the Tejas Cargo IPO open date and close date?

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

3. What is Tejas Cargo IPO GMP Live?

Tejas Cargo IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 168 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Tejas Cargo IPO Allotment status is available on its registrar, Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of Tejas Cargo IPO?

Tejas Cargo's IPO lead manager is New Berry Capitals Private Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?