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Tejas Cargo IPO
Price Band
₹160.0–168.0
Issue Size
₹105.84 Cr
Lot Size
800 shares
Min Investment
₹134,400
GMP
—
Issue Price
₹168.0
Tejas Cargo IPO AI Summary
- Tejas Cargo IPO is listed on NSE SME.
- Price band: ₹160.0–₹168.0 per share, lot size 800 shares (min. investment ₹134,400).
- Subscription window: 14 Feb–18 Feb 2025, listing on 24 Feb 2025.
Tejas Cargo India Limited is a logistics company focused on road transportation services across India. With a diverse fleet and a strong operational presence, it aims to utilize IPO proceeds for fleet expansion and working capital. Investors should consider the company's financial performance and market conditions before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Tejas Cargo IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Tejas Cargo IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 growth and robust financial position.
Company Financials (₹ Cr)
As of 2024-09-30
| 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 |
Key Ratios
EPS
₹7.52
NAV
₹2269.21
ROE
38.62%
ROCE
28.30%
RoNW
23.85%
P/B Value
0.07
P/E Ratio
22.35
Market Cap
₹401.40 Cr
PAT Margin
3.13%
Peer Comparison
| Company | RoNW | P/E (x) | EPS Diluted | NAV |
|---|---|---|---|---|
| Ritco Logistics Ltd | 17.8% | 27.33 | 13.22 | — |
| AVG Logistics Limited | 12.65% | 11.64 | 26.66 | — |
| Tejas Cargo India Limited This IPO | 23.85% | — | 7.52 | 31.52 |
Promoters
Chander Bindal and Manish Bindal
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹422.59 Cr for the period ending 31 Mar 2024, decreasing to ₹255.09 Cr by 30 Sep 2024. This represents a decline in revenue, though the latter figure is from a 9-month period and not directly comparable to the full fiscal year.
Profit Trend
Profit After Tax was ₹13.22 Cr for the period ending 31 Mar 2024, falling to ₹8.75 Cr by 30 Sep 2024. Similar to the revenue analysis, the latter figure is from a 9-month period, making direct comparison to the full year less straightforward.
Valuation
Tejas Cargo India Limited has a P/E ratio of 22.35 at the issue price, compared to its peers, which have P/E ratios ranging from 11.64 to 27.33.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected listing price based on demand and supply dynamics in the market. A positive grey market premium (GMP) suggests strong demand, while a negative GMP indicates weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It is important to consider the company's growth potential and market conditions before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or seeking stable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties. It is advisable to assess personal financial situations and investment objectives carefully.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the shares. While some IPOs may see significant gains on their first day of trading, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from Tejas Cargo's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Tejas Cargo IPO?
The price band of Tejas Cargo IPO is ₹160.0–₹168.0 per share.
When does Tejas Cargo IPO open and close?
Tejas Cargo IPO opens on 14 February 2025 and closes on 18 February 2025.
When does Tejas Cargo IPO list on the stock exchange?
Tejas Cargo IPO listed on 24 February 2025 at ₹168.0.
What is the lot size for Tejas Cargo IPO?
The lot size for Tejas Cargo IPO is 800 shares, requiring a minimum investment of ₹134,400.
What is the price band for Tejas Cargo's IPO?
The price band for Tejas Cargo's IPO is ₹160.0 to ₹168.0.
What is the minimum investment required?
The minimum investment required is ₹134,400, which corresponds to a lot size of 800 shares.
When is the listing date for Tejas Cargo?
The listing date for Tejas Cargo is February 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of a stock's price in the grey market compared to its issue price.
Who are the promoters of Tejas Cargo?
The promoters of Tejas Cargo are Chander Bindal and Manish Bindal.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
14 Feb 2025
Close
18 Feb 2025
Allotment
19 Feb 2025
Listing
24 Feb 2025
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