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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹105.84 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹105.84 Cr |
| Fresh Issue | ₹100.54 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹160.00-168.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TEJASCARGO |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | New Berry Capitals Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 800 shares and in multiples thereof
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.
The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.
As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.
As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.
The company operates nationwide through twenty-three branches for placements, loading, and unloading.
The company has a workforce of 284 employees as of September 30, 2024.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of additional trailers for the Company | 31.76 |
| 2 | To meet working capital requirements | 30.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 15.00 |
| 4 | General Corporate Purposes | 21.47 |
| 5 | Issue Expenses | 7.61 |
| Total | 105.84 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 294.29 | 236.00 |
| Total Income | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| NET Worth | 63.16 | 55.45 |
| Reserves and Surplus | 46.60 | 55.20 |
| Total Borrowing | 206.28 | |
| Amount in ₹ Crore | ||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.62% |
| ROCE | 28.30% |
| RoNW | 23.85% |
| PAT Margin | 3.13% |
| Price to Book Value | 0.07 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.52 | 7.32 |
| P/E (x) | 22.35 | 22.95 |
| Promoter Holding | 100% | 73.63% |
| Market Cap | ₹401.40 Cr. | |
