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Tejas Cargo India IPO
0.93xsubscribed

Tejas Cargo India IPO

Logistics
listed
₹1.28LMin. investment

Tejas Cargo India Limited IPO Details

SectorLogistics
Price range₹160 – ₹168
IPO type
SME
Lot size800 shares
Issue size₹105Cr
Red Herring Prospectus
Read
Market cap
₹401.4CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹419.32CrLower than sector avg
Growth rate3Y CAGR
26.07%Higher than sector avg

Tejas Cargo India IPO Subscription Status

Date
QIB
NII
Retail
Total
14-Feb-25
0.35 times (X)
0.0 times (X)
0.42 times (X)
0.31 times (X)
17-Feb-25
1.26X
0.0X
0.69X
0.7X
18-Feb-25
1.33X
0.0X
1.11X
0.93X

As on 14-Feb-25, 5:30 PM

Tejas Cargo India IPO Timeline

  1. Pre-apply
    13 Feb 2025
  2. Bid start
    14 Feb 2025
  3. Bid end
    18 Feb 2025
  4. Allotment
    21 Feb 2025
  5. Release of funds
    21 Feb 2025
  6. Demat transfer
    21 Feb 2025
  7. Listing
    24 Feb 2025

About Tejas Cargo India Limited

Founded in 2021, Tejas Cargo India provides long haul transportation services across India. Specializing in Full Truck Load (FTL) services for sectors like logistics, steel, and e-commerce, it completed over 98,900 trips in Fiscal 2024. The company operates a modern fleet of 1,131 vehicles with advanced IoT technology for optimization and safety. Tejas Cargo India runs 23 branches and has a fleet maintenance facility in Gurugram. With efficient logistics solutions and growth in the 3PL market, it’s poised for continued expansion.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Tejas Cargo India Limited IPO

Purchase of additional trailers
30.00%
The company will spend ₹31.76 Cr towards purchase of additional trailers.
Working capital requirements
28.34%
The company will allocate ₹30 Cr for its own working capital needs.
Repayment or prepayment of borrowings
14.17%
₹15 Cr will be used for repaying or prepaying outstanding borrowings availed by the company.
General corporate purposes
Not assigned
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹419.32Cr26.07%₹13.22Cr₹401.4Cr22.342.91
This sector (avg.)₹711.28Cr0.02%-₹13.78Cr₹1,677.75Cr34.350.59
₹8,887.02Cr---₹1,291.84Cr₹38,252.26Cr31.230.07
₹6,763.79Cr---₹787.42Cr₹25,640.55Cr35.750.99
₹426.73Cr----₹38.28Cr₹10,164.42Cr29.860.03

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Tejas Cargo India IPO Contact Details

Company NameTejas Cargo India Limited

How to apply for Tejas Cargo India IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Tejas Cargo India Limited IPO FAQs