Tejas Cargo IPO is a book-built issue amounting to ₹105.84 crores, consisting entirely of a fresh issue of 63.00 lakh shares.
The bidding for Tejas Cargo IPO opened on February 14, 2025, and will close on February 18, 2025. The allotment process is expected to be finalized on Wednesday, February 19, 2025. The IPO is set to list on NSE SME, with a tentative listing date scheduled for Monday, February 24, 2025.
Tejas Cargo operates in the logistics sector. They provide long-haul supply chain transportation services by road across India. Their services include express supply chain transportation under full truck load, catering to various industries such as logistics, steel and cement, e-commerce, industrial & chemicals, FMCG, and white goods.
The price band for Tejas Cargo IPO is set between ₹160 and ₹168 per share. The minimum lot size for an application is 800 shares. Retail investors need to invest at least ₹1,28,000, but to avoid the risk of oversubscription, it is advisable to bid at the cutoff price, which amounts to approximately ₹1,34,400. For HNIs, the minimum investment requirement 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, with Bigshare Services Pvt Ltd serving as the registrar. The market maker for the issue is New Berry Capitals Private Limited.
Tejas Cargo IPO Details:
| Company Name | Tejas Cargo Limited |
| Sector | Logistics |
| IPO Type | SME |
| IPO Open date | 14th Feb 2025 |
| IPO Close date | 18th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Tejas Cargo IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,34,400 |
| HNI (Min) | 2 | 1600 | 2,68,800 |
Tejas Cargo IPO Timeline:
| IPO Open Date | 14th Feb 2025 |
| IPO Close Date | 18th Feb 2025 |
| Basis of Allotment | 19th Feb 2025 |
| Refund Initiation Date | 20th Feb 2025 |
| Shares Credit to Demat | 20th Feb 2025 |
| Listing Date | 24th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Tejas Cargo’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Logistics Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Tejas Cargo and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
