Tejas Cargo India came to market through an SME IPO that opened on 14 February 2025 and closed on 18 February 2025, and the shares listed on 24 February 2025 on NSE SME. The price band was ₹160 to ₹168 per share and one lot was 800 shares, so the minimum application was ₹1,34,400. The issue size was ₹105.84 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and New Berry Capitals Private Limited was the lead manager.
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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.
As described in the offer document.
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Chander Bindal, Manish Bindal. Promoter holding 100% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Tejas Cargo India IPO was a ₹105.84 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹160–₹168 per share with a lot size of 800 shares (₹1,34,400). The IPO was open from February 14 to February 18, 2025. Shares listed on NSE SME on February 24, 2025 at ₹175, a 4.2% premium to the issue price of ₹168. Bigshare Services Pvt Ltd is the registrar.
New Berry Capitals Private Limited is the book running lead manager.
The price band of Tejas Cargo India IPO is ₹160 to ₹168 per share.
The lot size of Tejas Cargo India IPO is 800 shares.
The minimum investment for Tejas Cargo India IPO is approximately ₹1,34,400 based on the upper price band.
The allotment date of Tejas Cargo India IPO is Feb 19, 2025.
You can check Tejas Cargo India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tejas Cargo India IPO allotment status on Rupix for quick and easy access.
₹160 to ₹168 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,34,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,34,400, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 14 February 2025 and closed on 18 February 2025.
The basis of allotment was published on 19 February 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 February 2025 on NSE SME.
The issue size was ₹105.84 crore. The fresh issue was 63,00,000 shares (aggregating up to ₹105.84 crore).