Tejas Cargo India
IPO Timeline
Issue open date
14 Feb 2025Issue close date
18 Feb 2025UPI mandate deadline
18 Feb 2025Allotment finalization
20 Feb 2025Refund initiation
21 Feb 2025Share credit
21 Feb 2025Listing date
24 Feb 2025Mandate end date
5 Mar 2025Lock-in end date for anchor investors (50%)
21 Mar 2025Lock-in end date for anchor investors (remaining)
20 May 2025Key Dates
Quick Stats
About the Company
Tejas Cargo India, a Faridabad-based logistics company, specializes in long-haul supply chain transportation across India via road. It provides express supply chain transportation under Full Truck Load (FTL) for industries including logistics, steel, cement, e-commerce, industrial chemicals, FMCG, and white goods. As of September 30, 2024, over 61% of trips were conducted using owned fleets, with the remainder hired on an ad-hoc basis. Technology-driven logistics solutions optimize operations and reduce contingencies. In Fiscal 2024, 98,913 trips were completed, with 58,943 trips in the first six months of the fiscal year. Long-haul transportation accounts for more than 98% of revenue, covering shipment planning, route optimization, fleet selection, documentation, tracking, communication, and performance evaluation. As of October 31, 2024, the fleet includes 1,131 vehicles—218 trailers and 913 container trucks—ranging from 32 to 40 feet with a capacity of up to 42 tonnes. Among them, 292 vehicles, including 34 trailers and 258 container trucks, are debt-free.
Strengths
- Heavy asset ownership model ensures control over fleet and operations.
- Leveraging modern technology to track and optimize logistics operations.
- In-house maintenance facilities reduce breakdowns and improve fleet uptime.
- Diversified client base and revenue sources enhance business resilience.
- Proven track record of growth with strong financial position.
- Experienced and motivated management team drives operational efficiency.
- Expansion into warehousing improves supply chain efficiency and scalability.
Risks
- Ongoing litigation may lead to financial liabilities and reputational damage.
- Dependence on road networks can cause delivery delays and inefficiencies.
- Heavy reliance on a few suppliers affects business stability.
- Lack of credit ratings could impact borrowing costs significantly.
- Rising fuel costs could reduce profitability and operational margins.
- Inflation and economic slowdown may hurt revenue and growth.
- Disruptions due to calamities could severely impact logistics operations.
Tejas Cargo India IPO – Frequently Asked Questions
- The price band for the Tejas Cargo India IPO is set at ₹160 to ₹168 per share.
- The Tejas Cargo India IPO opens on February 14, 2025 and closes on February 18, 2025.
- The tentative listing date for the Tejas Cargo India IPO is February 24, 2025.
- You can apply for the Tejas Cargo India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Tejas Cargo India, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Tejas Cargo India IPO is 800 shares. Investors must apply for at least one lot (i.e., 800 shares).