Tejas Cargo India Limited

14 Feb 2025 - 18 Feb 2025 Individual Category SME NSE

Min Investment

₹134400

Price Band

₹160-₹168

Issue Size

45.25 lakhs
Equity Shares

Lot Size

800

IPO Dates
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14 Feb 2025

Open Date

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18 Feb 2025

Close Date

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19 Feb 2025

Allotment Date

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24 Feb 2025

Listing Date

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 45.25 lakh Equity Shares. 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.

Know Before Investing

Strengths icon

  • Large modern fleet of 1131 vehicles with nationwide coverage.
  • Strong operational capacity handling 98913 trips annually.
  • Wide network presence with 23 branches across India.

Weaknesses icon

  • Very young company with limited operational history since 2021.
  • Heavy asset model requiring significant capital investment.
  • Small workforce of 284 employees for nationwide operations.

About Tejas Cargo India Limited

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.

Founded

2021

Managing Director

Chander Bindal

Parent Organization

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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.

Company Promoters

Chander Bindal

Manish Bindal

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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