Tejas Cargo India IPO

Tejas Cargo India Limited, a logistics company based in Faridabad, Haryana, provides long-haul supply chain transportation services across India by road. It specializes in Full Truck Load (FTL) transportation for industries such as logistics, steel, cement, e-commerce, chemicals, FMCG, and white goods. As of June 30, 2024, over 80% of trips were completed using owned fleets, with the remainder sourced from the open market. The company integrates IoT-based technology for fleet management and maintains a modern fleet, ensuring efficiency and reliability in transportation services nationwide.

IPO Strengths

• The heavy asset model ensures fleet control, high availability, and cost efficiency.

• Owned fleet allows flexibility, optimized resources, and reliable services.

• Maintenance contracts and digital payments streamline operations; safety programs enhance security.

• IoT tracking, AI cameras, and ERP enable secure, efficient fleet management.

• In-house facilities reduce breakdowns, improving uptime and efficiency.

• Maintenance centers and vendor partnerships optimize costs and inventory.

• A diverse client base strengthens revenue and reduces risk.

• Strong financial growth reflects scalability and stability.

• An expert management team drives strategy and client relations.

Tejas Cargo India IPO Key Financials (in ₹ lakhs)

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	23,600.07	11,642.29	6356.55
Revenue	41,932.61	38,178.52	20,929.24
Profit After Tax	1322.22	985.86	315.54
Reserves and Surplus	5520.27	1301.39	315.54
Total Borrowings	16,136.41	8338.04	3111.78

Tejas Cargo India Limited Upcoming IPO Details

Category	Details
Issue Type	Book Built Issue IPO
Total Issue Size	Fresh Issue: 18,00,000 shares 63,00,000 shares (aggregating up to ₹105.84 Cr) Offer for Sale: NA
Price Range	₹160 to ₹168 per share
Lot Size	800 Shares
Face Value	₹10 per share
Listing Exchange	SME, NSE
Pre-IPO Shareholding	1,75,92,840 shares
Post-IPO Shareholding	2,38,92,840 shares
Market Marker	3,15,200 shares (New Berry Capitals Private Limited)

Tejas Cargo India IPO Important Dates

IPO Activity	Date
IPO Open Date	14 February 2025
IPO Close Date	18 February 2025
Basis of Allotment	19 February 2025
Refunds Initiation	20 February 2025
Credit of Shares to Demat	20 February 2025
Listing Date	21 February 2025

Tejas Cargo India IPO Lots

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹1,34,400
Retail (Max)	1	800	₹1,34,400
HNI (Min)	2	1600	₹2,68,800

Tejas Cargo India IPO Lead Managers

Lead Managers

New Berry Capitals Private Limited

Tejas Cargo India Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	7.52
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	23.85%
Net Asset Value (NAV)	31.52
Return on Equity	38.62%
Return on Capital Employed (ROCE	28.30%
EBITDA Margin	16.46%
PAT Margin	3.13%
Debt to Equity Ratio	2.91

Tejas Cargo India IPO Peer Group Comparison

Name of the Company	Face Value (₹)	EPS (₹)	Diluted P/E Ratio	RoNW (%)	NAV (₹)	Revenue (₹ in Lakhs)
Tejas Cargo India Limited	10	7.52	[●]	23.85	31.52	41,932.61
Peer Group
AVG Logistics Limited	10	26.66	17.76	9.16	136.3	47,988.86
RITCO Limited	10	13.22	26.99	17.80	73.98	93,330.27

Objectives of the Proceeds

• Purchase of additional trailers – ₹3,141.92 lakh

• To meet working capital requirements – ₹3,000.00 lakh

• Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company

• To meet general corporate expenses