Tejas Cargo India Limited
Bookbuilding IPO · NSE
- Price band
- ₹160 - ₹168
- Lot size
- 800 shares
- Issue amount
- ₹105.84 cr
- Total subscription
- 1.23×
- Opens
- 14 Feb 2025
- Closes
- 18 Feb 2025
- Allotment
- 20 Feb 2025
- Listing
- 24 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 63,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹105.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,34,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,75,92,840
- Shares after issue
- 2,38,92,840
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,34,400 |
| HNI | 2 | 1,600 | ₹2,68,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 2 |
| NIB | — | 48 |
| RETAIL | — | 2,836 |
| EMPLOYEES | — | 20 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 19.9 | 26.52 |
| RETAIL | 34.82 | 38.12 |
| EMPLOYEES | 1.06 | 0.78 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 |
|---|---|---|
| EPS | 4.97 | 7.52 |
| ROE | 14.62 | 38.62 |
| ROCE | 13.52 | 28.3 |
| RONW | 13.85 | 23.85 |
| PRE IPO(PE) | 0 | 22.35 |
| POST IPO(PE) | 22.95 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Tejas Cargo India Private Limited, incorporated on March 26, 2021, is a Faridabad-based logistics company specializing in long-haul Full Truck Load (FTL) transportation services for sectors such as logistics, steel, cement, e-commerce, FMCG, chemicals, and white goods. The company operates a tech-enabled supply chain model offering shipment planning, route optimization, tracking, documentation, and performance evaluation. As of October 31, 2024, it manages a fleet of 1,131 vehicles—including 218 trailers and 913 container trucks, with 292 fully debt-free—and uses IoT-based systems like geo-fencing, digital locking, GPS/SIM tracking, ADAS/DSM, and AI-enabled rear cameras, maintaining an average fleet age of 2.88 years. In Fiscal 2024, Tejas Cargo completed 98,913 trips and transported nearly 11.94 lakh billed tonnes with an improved on-time delivery rate of 78.13%. For the six months ended September 30, 2024, it executed 58,943 trips across India, with over 61% handled through its owned fleet. As of September 30, 2024, the company employs 284 personnel.
Strengths
- In-House Maintenance and Direct Procurement: Tejas Cargo manages asset maintenance and procurement internally, ensuring quality control, reducing third-party dependency, and optimizing operational costs for smoother fleet performance.
- Technology-Driven Fleet Operations: The company leverages GPS tracking, telematics, and advanced fleet monitoring systems to track vehicle health, improve routing efficiency, and minimize downtime through real-time insights.
- Ownership-Based Fleet Strategy: By owning most of its trailers and vehicles, Tejas Cargo maintains greater operational control, reduces leasing expenses, and enhances profitability and long-term business stability.
- Diversified Customer Base: Serving clients across multiple industries helps the company mitigate sector-specific risks and maintain steady revenue streams even during market fluctuations.
- Experienced and Visionary Leadership: A capable management team with industry expertise drives strategic decision-making, operational excellence, and sustained business growth.
- Strong Growth and Financial Foundation: With a consistent performance record, Tejas Cargo demonstrates financial stability, enabling reinvestment into expansion and resilience amid evolving market conditions.
Risk factors
- High Logistics Costs – The cost of transportation and warehousing in India is substantial, which can impact profitability and make pricing less competitive.
- Economic Slowdown Effects – A sluggish global economy and recession concerns may slow down exports, leading to lower freight demand and affecting overall business.
- Increasing Operational Expenses – Rising fuel prices, labor costs, vehicle maintenance, and regulatory requirements can put financial pressure on logistics companies and reduce profit margins.
Promoters
Chander Bindal
Manish Bindal
Registrar & documents
Lead manager
New Berry Capitals Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3 rd Floor, Tower B, Vatika Mindscape 12/3 , Mathura Road, Sector-27D, NH-2, Faridabad,, 121003
+91-129-4144812
[email protected]Company website ↗Understanding TEJASCARGO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.