Tejas Cargo IPO is a book-built issue worth ₹105.84 crores, consisting entirely of a fresh issue of 63 lakh shares.
The IPO opened for subscription on February 14, 2025, and will close on February 18, 2025. The allotment is expected to be finalized on February 19, 2025, with the tentative listing date set for February 24, 2025, on NSE SME.
The price band for the Tejas Cargo IPO is ₹160 to ₹168 per share. The minimum lot size for retail investors is 800 shares, requiring an investment of ₹1,28,000. However, investors are advised to bid at the cutoff price, which amounts to ₹1,34,400, to increase their chances of allotment in case of oversubscription.
For HNI (High Net-Worth Individuals), the minimum investment is 2 lots (1,600 shares), totaling ₹2,68,800.
New Berry Capitals Private Limited is the book-running lead manager for the Tejas Cargo IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Additionally, New Berry Capitals Private Limited is also the market maker for the IPO.
Tejas Cargo IPO Details
| IPO Date | February 14, 2025 to February 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Fresh Issue | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,92,840 shares |
| Share Holding Post Issue | 2,38,92,840 shares |
| Market Maker Portion | 3,15,200 shares |
Tejas Cargo IPO Reservation
Tejas Cargo IPO comprises a total of 63,00,000 shares, allocated as follows:
Qualified Institutional Buyers (QIB): 11,84,800 shares (18.81%)Non-Institutional Investors (NII): 8,88,800 shares (14.11%)Retail Individual Investors (RII): 20,72,800 shares (32.9%)Anchor Investors: 17,75,200 shares (28.18%)
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,75,200 (28.18%) |
| Market Maker Shares Offered | 3,15,200 (5%) |
| QIB Shares Offered | 11,84,800 (18.81%) |
| NII (HNI) Shares Offered | 8,88,800 (14.11%) |
| Retail Shares Offered | 20,72,800 (32.9%) |
| Total Shares Offered | 63,00,000 (100%) |
Tejas Cargo IPO Timeline
Tejas Cargo IPO will open for subscription on February 14, 2025, and close on February 18, 2025.
| IPO Open Date | Fri, Feb 14, 2025 |
| IPO Close Date | Tue, Feb 18, 2025 |
| Tentative Allotment | Wed, Feb 19, 2025 |
| Initiation of Refunds | Thu, Feb 20, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Mon, Feb 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2025 |
Tejas Cargo IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The table below outlines the minimum and maximum investment for retail investors and HNI in terms of shares and investment amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1,600 | ₹2,68,800 |
About Tejas Cargo India Limited
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana, providing supply chain transportation services by road across India.
The company specializes in express road transportation services under Full Truck Load (FTL), catering to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, the company’s fleet consists of 913 container trucks and 218 trailers, with an average age of 3.4 years and 0.7 years, respectively.
As of October 31, 2024, Tejas Cargo operates a total fleet of 1,131 vehicles, comprising 218 trailers and 913 container trucks, ranging from 32 to 40 feet in length, with a maximum capacity of 42 tonnes.
Frequently Asked Questions (FAQ) – Tejas Cargo IPO
What is Tejas Cargo IPO?
Tejas Cargo IPO is a book-built public issue worth ₹105.84 crores, consisting entirely of a fresh issue of 63,00,000 shares
What are the opening and closing dates for the Tejas Cargo IPO?
The Quality Power IPO will open for subscription on February 14, 2025 and close on February 18, 2025
When will the Tejas Cargo IPO allotment be finalized?
The IPO allotment is expected to be finalized on February 19, 2025
On which exchange will Tejas Cargo IPO be listed?
Tejas Cargo IPO will be listed on NSE SME, with a tentative listing date of February 24, 2025
What is the price band of Tejas Cargo IPO?
The price band is set at ₹160 to ₹168 per share
What is the minimum and maximum lot size for investment?
- Retail Investors: Minimum 800 shares (₹1,28,000 – ₹1,34,400)
- HNI Investors: Minimum 1,600 shares (₹2,56,000 – ₹2,68,800
Who are the key entities managing the Tejas Cargo IPO?
- Book Running Lead Manager: New Berry Capitals Private Limited.
- Market Maker: New Berry Capitals Private Limited.
- Registrar: Bigshare Services Pvt Ltd.
How are shares allocated in the Tejas Cargo IPO?
The allocation is divided as follows:
- QIB (Qualified Institutional Buyers): 18.81% (11,84,800 shares)
- NII (Non-Institutional Investors): 14.11% (8,88,800 shares)
- RII (Retail Individual Investors): 32.9% (20,72,800 shares)
- Anchor Investors: 28.18% (17,75,200 shares)
What are the key business operations of Tejas Cargo India Limited?
Tejas Cargo is a logistics company providing Full Truck Load (FTL) transportation services across India, serving industries such as logistics, steel, e-commerce, FMCG, and white goods
