Tejas Cargo India Limited

LISTED 🏛️ NSE SME

NSE SME IPO · IPO Guide

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Issue Price

₹160 – ₹168

Listed On

21 Feb 2025

Listing Price

₹175 (+4.17%)

Current Price

₹175 (+4.17%)

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Lot Size Calculator (Rs 168/share)

🎁 1 Special Quota Available

🎁 Special Quotas:

👔 Employee Quota: 63,200 shares

Application	Lots	Shares	Amount
🏷️ Retail (Min)	1	800	₹1,34,400
🏷️ Retail (Max)	2	1,600	₹2,68,800
👔 Employee Quota (Min)	1	800	₹1,34,400
💼 S-HNI (Min)	3	2,400	₹4,03,200
💼 S-HNI (Max)	7	5,600	₹9,40,800
💼 B-HNI (Min)	8	6,400	₹10,75,200

As per financials, Tejas Cargo India Limited has shown good growth, RoNW is 23.85% and P/E is respectively 40.72, 30.36 and 22.95 as per FY23, FY24 and annualized FY25 earnings. So, issue looks aggressively priced. Company is a logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India, which is highly fragmented and competitive business segment. So, we give AVOID rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Employee	Total
Shares Offered / Reserved	11,84,800	8,88,800	20,72,800	63,200	42,09,600
Day 1 14-02-25	4,17,600 (0.35)	53,600 (0.06)	11,07,200 (0.53)	21,600 (0.34)	16,00,000 (0.38)
Day 2 17-02-25	14,88,800 (1.26)	3,85,600 (0.43)	13,75,200 (0.66)	45,600 (0.72)	32,95,200 (0.78)
Day 3 18-02-25	15,78,400 (1.33)	12,68,000 (1.43)	22,68,800 (1.09)	46,400 (0.73)	51,61,600 (1.23)

Fresh Issue

1
( Rs
2
( Rs 30/- Cr ) Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Compan
3
( Rs 15/- Cr ) General Corporate Purpose
4
Issue expense
5
Purchase of additional trailers for the Company. ( Rs 31.76/- Cr )
6
To meet working capital requirements. ( Rs 30/- Cr )
7
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company. ( Rs 15/- Cr )
8
General Corporate Purposes.
9
Issue expenses.
10
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
11
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
12
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
13
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
14
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
15
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
30.09.24 FY25	255.09	243.41	8.75
FY24	422.59	405.20	13.22
FY23	384.37	370.85	9.86
FY22	209.67	205.45	3.16

Open Date	Feb 14, 2025
Close Date	Feb 18, 2025
Allotment Date	Feb 20, 2025
Listing Date	Feb 21, 2025
Listing Platform	NSE SME
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 160 to ₹ 168 Per Equity Share
Issue Size	Fresh Issue of up to 63,00,000 Equity Shares aggregating up to ₹105.84 Cr
Retail Min Lot	1 Lot (800 Shares - ₹ 1,34,400)
Lead Manager	New Berry Capitals Private Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Tejas Cargo India Limited Current	4.68	30.4	23.8%	422
AVG Logistics Limited	1.69	14.5	14.8%	523
Ritco Logistics Limited	2.78	19.6	20.4%	1,096

Tejas Cargo India Limited

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