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Open
14 Feb 2025
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Close
18 Feb 2025
3
Allotment
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Listing
Mon, Feb 24, 2025
Price Band
₹160 to ₹168
Issue Size
63,00,000 shares (agg. up to ₹106 Cr)
Lot Size
800 Shares
Listing Date
Mon, Feb 24, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.17x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| GB Logistics Commerce Ltd. | SME | ₹25.07 Cr | ₹102 | 12.03 | ₹81.75 | -19.85% | ₹28.87 (+4.98%) |
| Pranik Logistics Ltd. | SME | ₹22.47 Cr | ₹77 | 15.33 | ₹82.95 | +7.73% | ₹44.00 (-2.22%) |
| Deccan Transcon Leasing Ltd. | SME | ₹65.06 Cr | ₹108 | 15.72 | ₹110.25 | +2.08% | ₹20.80 (-0.95%) |
| Rapid Multimodal Logistics Ltd. | SME | ₹8.49 Cr | ₹84 | 13.12 | ₹108.10 | +28.69% | ₹132.50 (+0.38%) |
| Brace Port Logistics Ltd. | SME | ₹24.41 Cr | ₹80 | 13.49 | ₹159.60 | +99.50% | ₹61.50 (+2.41%) |
| Afcom Holdings Ltd. | SME | ₹73.83 Cr | ₹108 | 14.33 | ₹215.45 | +99.49% | ₹1,389.15 (-1.68%) |
| Ashapura Logistics Ltd. | SME | ₹52.66 Cr | ₹144 | 11.54 | ₹175.75 | +22.05% | ₹53.75 (-3.15%) |
| Premier Roadlines Ltd. | SME | ₹40.36 Cr | ₹67 | 15.7 | ₹91.35 | +36.34% | ₹46.25 (+0.54%) |
| GConnect Logitech & Supply Chain Ltd. | SME | ₹5.60 Cr | ₹40 | 1.5 | ₹44.10 | +10.25% | ₹10.00 (+0.00%) |
| Western Carriers (India) Ltd. | Mainboard | ₹492.88 Cr | ₹172 | 16.85 | ₹159.44 | -7.30% | ₹95.17 (+0.00%) |
Objects of the Issue
| # | 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 |
About Tejas Cargo IPO
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 In-House Maintenance and Direct Procurement Leveraging modern technology to operate and monitor its fleet. Heavy Asset Ownership Model Diversified client base and revenue sources Experienced and motivated management team Track record of growt
Contact Details
Tejas Cargo India Ltd. Address3 rd Floor, Tower BVatika Mindscape 12/3, Mathura Road, Sector-27DNH-2Faridabad, Haryana, 121003+91-129-4144812compliance.officer@tcipl.inVisit Website