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Tejas Cargo IPO is a book-built issue worth Rs 105.84 crores, consisting entirely of a fresh issue of 63.00 lakh shares.
The Tejas Cargo IPO will open for subscription on February 14, 2025, and close on February 18, 2025. The allotment for the Tejas Cargo IPO is expected to be finalized on Wednesday, February 19, 2025. The IPO will be listed on NSE SME, with a tentative date set for Friday, February 21, 2025.
The price band for Tejas Cargo IPO has been set between ₹160 to ₹168 per share. The minimum lot size for an application is 800 shares, with the minimum investment amount required for retail investors being ₹1,28,000. However, to avoid the oversubscription scenario, investors are encouraged to bid at the cutoff price, which is approximately ₹1,34,400. The minimum lot size investment for HNI (High Net-worth Individuals) is 2 lots (1,600 shares), amounting to ₹2,68,800.
| IPO Date | February 14, 2025 to February 18, 2025 |
| Listing Date | February 14 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Fresh Issue | 63,00,000 shares (aggregating up to ₹105.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,92,840 shares |
| Share Holding Post Issue | 2,38,92,840 shares |
| Market Maker Portion | 3,15,200 shares New Berry Capitals Private Limited |
| IPO Open Date | Fri, Feb 14, 2025 |
| IPO Close Date | Tue, Feb 18, 2025 |
| Tentative Allotment | Wed, Feb 19, 2025 |
| Initiation of Refunds | Thu, Feb 20, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Fri, Feb 21, 2025 |
| Cut-off time for UPI mandate confirmation | The credit of Shares to Demat |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1,600 | ₹2,68,800 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
| Assets | 294.29 | 236 |
| Revenue | 255.09 | 422.59 |
| Profit After Tax | 8.75 | 13.22 |
| Net Worth | 63.16 | 55.45 |
| Reserves and Surplus | 46.6 | 55.2 |
| Total Borrowing | 206.28 |
Maximizing Opportunities with Tejas Cargo India Limited IPO
The Tejas Cargo India Limited IPO presents a promising opportunity for investors looking to participate in the growth of the logistics and cargo industry. With a fresh issue of 63.00 lakh shares, this IPO offers a competitive price band of ₹160 to ₹168 per share, catering to both retail and institutional investors. The IPO’s reservation for different categories ensures wide participation, from QIBs to HNI investors.
Investors must stay updated with real-time IPO GMP, subscription status, and allotment details through trusted platforms like IPO Watch and the BSE IPO allotment. Given the strategic timing and demand, Tejas Cargo's listing on NSE SME could be a significant step for those looking to invest in a rapidly growing sector.
Investors are advised to carefully consider the pricing, category allocations, and potential for oversubscription before submitting bids. Overall, this IPO could offer a valuable addition to one’s investment portfolio, but like any investment, it requires thorough research and timely decisions.
