Tejas Cargo India Limited is a Faridabad, Haryana-based logistics company specializing in long-haul transportation services across India. The company focuses on express supply chain transportation by road, primarily offering Full Truck Load (FTL) services to clients in various sectors, including logistics, steel and cement, e-commerce, industrial and chemical, FMCG, and white goods. By leveraging technology-enabled logistics solutions, the company helps its customers streamline operations and reduce uncertainties.
Tejas Cargo specializes in FTL road transport, utilizing its fleet to fulfill both long-term contractual obligations and ad hoc demands. This approach ensures network optimization and efficient freight management. By collaborating with multiple logistics service providers, Tejas Cargo has broadened its reach and enhanced its service portfolio, offering integrated logistics solutions to meet diverse customer needs.
To optimize costs and enhance operational flexibility, the company primarily deploys drivers on a delivery basis. As of September 30, 2024, the company employed 284 individuals. Rather than hiring drivers directly, Tejas Cargo ensures fast and reliable logistics support by sourcing drivers as needed to meet customer demands.
The initial public offering (IPO) of Tejas Cargo is scheduled to open on February 14, 2025, and will close on February 18, 2025. The price band for the IPO has been set at ₹160 to ₹168 per share. The allocation of shares is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs).
The shares of Tejas Cargo are expected to be listed on the National Stock Exchange (NSE) on February 21, 2025. The allotment of shares is anticipated to be finalized by February 19, 2025. In terms of financial performance, the company reported a revenue of ₹422.59 crores in 2024, alongside a profit of ₹13.22 crores for the same year.
Tejas Cargo IPO Details
| IPO Open Date: | February 14, 2025 |
| IPO Close Date: | February 18, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹160 to ₹168 Per Share |
| Issue Size: | Approx ₹105.84 Crores |
| Fresh Issue: | Approx ₹105.84 Crores |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Tejas Cargo IPO Timeline
| IPO Open Date: | February 14, 2025 |
| IPO Close Date: | February 18, 2025 |
| Basis of Allotment: | February 19, 2025 |
| Refunds: | February 20, 2025 |
| Credit to Demat Account: | February 20, 2025 |
| IPO Listing Date: | February 21, 2025 |
Tejas Cargo SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹160.00-168.00 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹1,34,400 |
| Min Small HNI Lots(2-10 Lakh): | 1600 shares (2 lots) – ₹2,68,800 |
| Min Big HNI Lots(10+ Lakh): | 6400 shares (8 lots) – ₹10,75,200 |
Tejas Cargo India Limited: Financial Performance & Key Metrics
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
| Assets | 294.29 | 236 |
| Revenue | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves and Surplus | 46.6 | 55.2 |
| Total Borrowing | 206.28 |
