Issue Price
₹168
Per Share
GMP
NIL
Grey Market
Est. Listing
₹168
Expected Price
Min. Application
₹268,800
2 lots × 800 shares
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.The company operates nationwide through twenty-three branches for placements, loading, and unloading.The company has a workforce of 284 employees as of September 30, 2024.Competitive StrengthIn-House Maintenance and Direct ProcurementLeveraging modern technology to operate and monitor its fleet.Heavy Asset Ownership ModelDiversified client base and revenue sourcesExperienced and motivated management teamTrack record of growth and robust financial position.
Tejas Cargo India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 315,200 | — | ₹5.30 Cr | — |
| TOTAL | 6,300,000 | 100.00% | ₹105.84 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹134,400 |
| Retail (Max) | 13 | 10,400 | ₹1,747,200 |
| sNII (Min) | 14 | 11,200 | ₹1,881,600 |
| bNII (Min) | 68 | 54,400 | ₹9,139,200 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 255.09 | 422.59 | 384.37 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 8.75 | 13.22 | 9.86 |
| Net Worth | 63.16 | 55.45 | 13.02 |
| Total Assets | 294.29 | 236.00 | 116.42 |
| Reserves & Surplus | 46.60 | 55.20 | 13.01 |
| Total Borrowings | 206.28 | N/A | N/A |