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Tejas Cargo India Ltd.

Logistics

IPO Details
  • Issue Type Book building
  • Price range Rs.160-168
  • Market Lot 800
  • Total Equity Shares 4524800
  • Face Value Rs. 10
  • Listing Date Feb 24, 2025
IPO Timeline
Opening date Feb 14, 2025
Closing date Feb 18, 2025
Listing Date Feb 24, 2025

IPO Details

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. As of June 30, 2024, we had carried out more than 80% of the trips through owned fleets and the remaining is undertaken through fleets hired from the open market on an ad-hoc basis. We offer technology enabled logistics services to our clients to optimize our operations and minimize contingencies. We completed over 98,913 trips during Fiscal 2024 and 24,552 trips for the six months period ended September 30, 2024 on a pan India basis. We derive more than 98% of our revenue by providing long haul supply chain transportation services. Our services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.

Projects

1. Project Name: Purchase of additional trailers

Project Cost: 317.63

2. Project Name: To meet working capital requirements

Project Cost: 300

3. Project Name: Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company

Project Cost: 150

4. Project Name: General Corporate Purposes

Project Cost: 214.7

Promoters

Prmoters Name

1. Chander Bindal

2. Manish Bindal

Prmoters Holdings
  • Pre Share Capital: 17592840
  • Pre Promoter Holding: 100
  • Offer to Public: 6300000
  • Post Share Capital: 17592840
  • Post Promoter Holding: 73.63

Registrar

Registrar Name:Bigshare Services Pvt Ltd
Phone: 91-022-40430200
Email: Investor@bigshareonline.com
Website:

Lead Managers

  • New Berry Capitals Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3258
Total Equity 4524800

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 1578400
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 1578400
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 0
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 1268000
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 1148800
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 119200
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 0
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 2268800
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 1429600
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 839200
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 46400
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 10400
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 36000
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 5161600
Total 0.00