Tejas Cargo India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹168
Per ShareLot Size
800 Shares
Minimum Investment
₹1,34,400
Issue Size
₹105.84 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Tejas Cargo India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.63%
Issue Type
Book Building - SME
ISIN
INE17WC01013
About the Company
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, 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. 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.
Industry Overview
Third-Party Logistics (3PL) market involves outsourcing logistics and supply chain management tasks-such as transportation, warehousing, inventory management, and order fulfilment to specialized external firms. This approach helps businesses focus on their core operations, improving efficiency, reducing costs, and enhancing customer service. 3PL providers use their expertise, technology, and resources to optimize logistics, ensure smooth coordination among manufacturers, suppliers, and retailers, and act as intermediaries to facilitate product flow, ultimately boosting overall efficiency and customer satisfaction. The Indian 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.
Company History
Our Company was incorporated as a private limited company as `Tejas Cargo India Private Limited', under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 26, 2021 issued by the Registrar of Companies, Central Registration Centre. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on June 21, 2024, and by the Shareholders in an extraordinary general meeting held on June 22, 2024 and consequently the name of our Company was changed to `Tejas Cargo India Limited' and a fresh certificate of incorporation dated September 05, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Growth Strategy
- Shifting to a Hybrid Model.
- To optimise our fleet composition by increasing the number of trailers to remain ahead of the competition.
- To expand into rail logistics / to expand operations in multi-mode logistic services.
- To invest in technology for sustainable growth.
- Venturing into secondary logistics and warehousing business.
- To cover more industries in our service portfolio.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 63,00,000^ equity shares of face value of Rs. 10 each (the "Equity Shares") of Tejas Cargo India Limited ("The Company" or "The Issuer") at an issue price of Rs. 168 per equity share (including share premium of Rs. 158 per equity share) for cash, aggregating to Rs. 105.84^ crores ("The Issue") out of which 63,200^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 1.06^ crores were reserved for subscription by eligible employees of the company (the "Employees Reservation Portion") and 3,15,200^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 5.30^ crores were reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less employee reservation portion and market maker reservation portion i.e. issue of 59,21,600^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 99.48^ crores is hereinafter referred to as the "Net Issue". The issue and net issue constitute 26.37% and 25.18% respectively of the post-issue paid-up equity share capital of the company. The offer price is 16.8 times the face value of the equity shares. ^Subject to finalization of basis of allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- There are outstanding legal proceedings against the Company, Promoter, and one of its Director. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
- Its business is dependent on the network of roads and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions which affect its ability to utilize the company transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- The Company operates without any truck drivers on its payroll and outsources drivers on an adhoc basis. The company inability to source skilled and experienced drivers may adversely impact its business, results of operations and financial results.
- The company depends significantly on its customers from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect the company business and profitability.
- There have been instances of discrepancies/ errors/delayed filings and statutory non compliances in the past. The company may be subject to legal proceedings or regulatory actions by statutory authorities and its business, financial condition and reputation may be adversely affected.