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Subscription status of Tejas Cargo IPO
Tejas Cargo India Limited IPO Price Rs. 168 Lot 800 shares, Rs. 105.84 Crore |
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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 IPO Details |
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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 |
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Shares | Rs. (Crore) | |
QIB (50%) | ? | |
HNI (15%) | ? | |
RII (35%) | ||
Total Shares | ||
Retail portion will be oversubscribed by |
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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? |
Royalarc Electrodes IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Tejas Cargo IPO Financial & Analytical Ratios |
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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
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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 | |
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Tejas Cargo IPO Review by Paresh Gordhandas, CA & Research Analyst.
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