Tejas Cargo India GMP : Tejas Cargo India IPO GMP is Open on 14 February 2025 and Close on 18 February 2025. Tejas Cargo India IPO Upto Raise 63,00,000 shares (Approx ₹105.84 Cr) via IPO. The Fresh issue of Upto o 63,00,000 shares (Approx ₹105.84 Cr) and The Offer For Sale Upto – shares (Approx ₹- Cr).
OUR BUSINESS
Our Company was incorporated as a private limited company as ‘Tejas Cargo India Private Limited on 26,March 2021 , We are a logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India.
We offer express supply chain transportation services by road under Full Truck Load (“FTL”), to a diverse range of companies who are inter alia engaged in the logistics, steel and cement, e-commerce, industrial & chemicals, FMCG and white goods sectors.
We offer technology enabled logistics services to our clients to optimize our operations and minimize contingencies.
Our services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.
our fleet size is 1,131 vehicles which consists of 218 trailers and 913 container trucks, with dimensions ranging from 32 feet to 40 feet and tonnage capacity of up to 42 tonnes. Out of the total fleet, 292 vehicles are debt free consisting of 34 trailers and 258 container trucks.
Our fleets are equipped with Internet of Things (“IoT”)-based solutions such as Geo Fencing, Centralised Digital Locking, GPS and SIM based tracking, Advance Driver Assistance System (“ADAS”)/Driver State Monitoring (“DSM”) as well as AI-powered rear camera technology.
we operate on a pan-India basis through an established network of twenty-three branches having facility of
placements, loading and unloading.
Of these, nine branches are also equipped for maintenance and repair of our fleet in addition to managing our operations.
Our Company has an in-house maintenance facility located at Khewat/Khata No.- 165/167, Rect No. 41, Killa No. 18, 19, 20, Sidhrawali, Gurugram, Haryana for an area admeasuring 3 acres which supports our fleet’s service and maintenance requirements.
The Indian third-party logistics (3PL) market is expanding due to the rise in e-commerce and changing consumer expectations for faster, flexible delivery. 3PL providers benefit from economies of scale, which reduce costs in transportation, warehousing, and labor.
Outsourcing logistics also avoids capital expenditure for companies, making operations more cost-effective. Additionally, initiatives by both central and state government such as introduction of Goods and Services (GST) Tax, relaxed FDI regulations, granting of infrastructure status, and the National Logistics Policy are supporting 3PL operations and market growth.
Tejas Cargo India IPO Date & Price Band Details
| IPO Open Date | 14 Feb 2025 |
| IPO Close Date | 18 Feb 2025 |
| IPO Size | 63,00,000 shares (Approx ₹105.84 Cr) |
| Fresh Issue | 63,00,000 shares (Approx ₹105.84 Cr) |
| Offer for Sale | - |
| Lot Size | 800 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹160 to 168 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Tejas Cargo India IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹ 1,34,400 |
| Retail Maximum | 1 | 800 | ₹ 1,34,400 |
| S-HNI Minimum | 2 | 1600 | ₹ 2,68,800 |
Object Of Offer
1. Purchase of additional trailers for our Company.
2. To meet working capital requirements.
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company.
4. General Corporate Purposes.
Tejas Cargo India IPO Allotment & Listings (Details)
| IPO Open Date | 14 Feb 2025 |
| IPO Close Date | 18 Feb 2025 |
| Basis of Allotment | 19 Feb 2025 |
| Refunds | 20 Feb 2025 |
| Credit to Demat Account | 20 Feb 2025 |
| IPO Listing Date | 21 Feb 2025 |
Tejas Cargo India Financial Reports
| ₹ in (₹ in lakhs) | |||
| Year | Revenue | Expense ( Cr.) | Profit after tax (PAT) |
| Sep -2024 | 25260.73 | ₹ 8.75 | 874.50 |
| 2024 | 41,932.61 | ₹ 13.22 | 1,322.22 |
| 2023 | 38,178.52 | ₹ 9.86 | 985.85 |
| 2022 | 20,929.24 | ₹ 3.16 | 315.54 |
Qualitative Factors
- Heavy Asset Ownership Model.
- Leveraging modern technology to operate and monitor our fleet.
- In-House Maintenance and Direct Procurement.
- Diversified client base and revenue sources.
- Track record of growth and robust financial position.
- Experienced and motivated management team.
Comparison of accounting ratios with listed industry peers
| Company Name | Face Value | EPS | P/E Ratio | RONW (%) | Total Revenue (₹ in million) | NAV Per Share |
| Tejas Cargo India | 10 | 7.52 | 23.85 | 41,932.61 | 31.52 | |
| Peer Group | ||||||
| AVG Logistics Limited | 10 | 26.66 | 11.64 | 12.65 | 47,988.86 | 136.3 |
| RITCO Logistics Limited | 10 | 13.22 | 27.33 | 17.80 | 93,330.27 | 73.98 |
Our Company Promoter
Chander Bindal
Manish Bindal.
Our Company Tejas Cargo India Contact Details
3 rd Floor, Tower B, Vatika Mindscape 12/3, Mathura Road,
Sector-27D, NH-2, Faridabad, Haryana, India, 121003
Contact Person: Ms. Neelam; Tel: +91-129-4144812
E-mail: compliance.officer@tcipl.in
Website: www.tcipl.in
Tejas Cargo India Offer Lead Manager
New Berry Capitals Private Limited
Address: A-602, Marathon NextGen Innova, Level 6,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013, India
Tel No.: +91-2248818442
Email: project.radiance@newberry.in
Investor Grievance Email: grievances@newberry.in
Website: www.newberry.in
Tejas Cargo India Offer Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre, Andheri East Mumbai –
400093, Maharashtra, India
Tel. No.: +91-22-62638200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: https://www.bigshareonline.com
