fbpx

What was the last grey market premium of Tejas Cargo IPO?

 For latest GMP, Click

Subscription status of Tejas Cargo IPO

Tejas Cargo India Limited IPO
(Closed on 18 Feb 2025)

Price Rs. 168 Lot 800 shares, Rs. 105.84 Crore

QIB NII x RII x Total x Applications
1.33 1.07 1.09 1.15 2,906
Amount wise bids recd. Rs. ? Crore
Note: 

 

What is the business of Tejas Cargo?

Tejas Cargo is logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India. It offers express supply chain transportation services by road under Full Truck Load (“FTL”), to a diverse range of companies who are inter alia engaged in the logistics, steel and cement, e-commerce, industrial & chemicals, FMCG and white goods sectors.

As of June 30, 2024, it had carried out more than 80% of the trips through owned fleets and the remaining is undertaken through fleets hired from the open market on an ad-hoc basis. It offers technology enabled logistics services to our clients to optimize its operations and minimize contingencies. It completed over 98,913 trips during Fiscal 2024 and 24,552 trips for the six months period ended September 30, 2024 on a pan India basis. It derives more than 98% of its revenue by providing long haul supply chain transportation services. Its services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.

 As on October 31, 2024, its fleet size is 1,131 vehicles which consists of 213 trailers and 918 container trucks, with dimensions ranging from 32 feet to 40 feet and tonnage capacity of up to 42 tonnes. Out of the total fleet, 292 vehicles are debt free consisting of 34 trailers and 258 container trucks.

As on September 30, 2024, it operates on a pan-India basis through an established network of twenty-two branches having facility of placements, loading and unloading. Of these, nine branches are also equipped for maintenance and repair of its fleet in addition to managing its operations.

 The Company has an in-house maintenance facility located at Khewat/Khata No.- 165/167, Rect No. 41, Killa No. 18, 19,20, Sidhrawali, Gurugram, Haryana for an area admeasuring 3 acres which supports its fleet’s service and maintenance requirements. It also has dedicated service representatives from vehicle manufacturing entities at its maintenance facility. Further, it hold a valid PESO license for storage of 40 kilolitres of petroleum Class B in tanks in the licensed premises. Accordingly, it is operating a petrol dispensing station for captive use at its leased property situated at Khasra No: Kila No. 16 min & 20 min, Delhi – Jaipur Road, Village- Khijuri, Rewari, Haryana-123401, allowing us to access fuel at competitive prices to optimize fuel costs.

Get more information about the company @ : www.tcipl.in 

Tejas Cargo IPO Details

IPO opens on  14 February 2025
IPO closes on  18 February 2025
Issue Type Book Built Issue IPO
Issue Size 6300000 Shares /
Rs ? Crore
* Fresh Issue 6300000 Shares /
Rs ? Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion ? Shares
Net offer to Public ? Shares/
Rs – Crore
Face Value per share Rs. 10
Price Band Rs. ?
Employee discount  Rs. 0 per share
Retail Lot Size  ? Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) ?  
HNI (15%) ?  
RII  (35%)    
Total Shares     
Retail portion will be
oversubscribed by 
 
Forms
How much Shares to Apply in this IPO?
Min Retail Application ? Shares Rs.?
Min HNI Application  ? Shares Rs. ?

Who are the Promoters of Tejas Cargo?

THE PROMOTERS ARE CHANDER BINDAL AND MANISH BINDAL

What are the Objects of Tejas Cargo IPO?

The Company proposes to utilize the net proceeds from the Fresh Issue towards funding the following objects:
1. Purchase of additional trailers;
2. To meet working capital requirements;
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company; and
4. General Corporate Purposes;

Tentative timetable

IPO opens on 14 February 2025
IPO Closes on 18 February 2025
IPO Allotment on  19 February 2025
Refund Initiation  20 February 2025
Credit of Shares 20 February 2025
Listing on 21 February 2025
Registered Office of the Company
3rd Floor, Tower B, Vatika Mindscape
12/3, Mathura Road,
Sector-27D, NH-2,
Faridabad, Haryana, India, 121003
Who is the Lead Manager of this IPO?
New Berry Capitals Pvt Ltd 

Who is the Registrar to IPO?
Bigshare Services ltd

Royalarc Electrodes IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Tejas Cargo IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 209.67 3.16   1.79  
2022-23 384.37 9.86 5.60  
2023-24  422.59 13.22 7.52 23.85
Book Value of the
Share on 30.06.2024
  33.82    
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. ?    

Key Performance
indicators

Price/EPS of 23-24 ?
Price/BV Ratio ?
Debt/Equity Ratio ?

How Tejas Cargo IPO compares with the Peers?

As per RHP  FV PE RoNW
    Ratio Ratio
Tejas Cargo   ? 23.85
AVG Logistics   17.76 9.16
Ritco Logistics   26.99 17.80
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Tejas Cargo IPO Review by Paresh Gordhandas, CA & Research Analyst.

+ from fundamental angle: 

+ from grey market angle: 

Quicklinks


Tejas Cargo
 IPO GMP today allotment, review?

Tejas Cargo IPO GMP grey market premium

Tejas Cargo IPO GMP

Leave a Reply

Your email address will not be published. Required fields are marked *